Threadneedle Asset Management News

Sound Oil, the Mediterranean focused upstream oil and gas company, announced that the Board of Directors has decided to implement certain changes to reflect recent progress and developments. Sound Oil's current Chairman, Andrew Hockey, has decided to step down as Chairman of the Company following the Annual General Meeting. Andrew will remain on the Board as a Non-Executive Director and will continue to chair the Exploration and Production Technical Committee and the HSE Committee. Andrew currently holds a full time executive position at Fairfield Energy Limited. Simon Davies, an existing Non-Executive Director of the Company and a significant shareholder, will assume the role of Non-Executive Chairman with immediate effect.