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Cabot Energy plc

Cabot Energy names David Kimery as Canadian chief

"We are delighted that Dave Kimery will be joining the management team of Cabot Energy Inc,” said chairman James Dewar.

Cabot Energy plc - Cabot Energy names David Kimery as Canadian boss
Kimery replaces Paul Lafferty who was president of the Canadian vehicle

Cabot Energy plc (LON:CAB) told investors it has appointed David Kimery as the chief executive of the group’s Canadian subsidiary, Cabot Energy Inc, with immediate effect.

Kimery replaces Paul Lafferty who was president of the Canadian vehicle.

"We are delighted that Dave Kimery will be joining the management team of Cabot Energy Inc,” said chairman James Dewar.

READ: Cabot looks up again as balance sheet steadies

“His knowledge and insights gained from his experience in technical and operational leadership roles at Weatherford, Seven Energy and Verano Energy will be complementary to our current management team.

Kimery, meanwhile, added: “I am delighted to support the management team and the board's strategy and focus to unlock the inherent value in the Canadian assets, aimed at delivering predictable production growth. 

“Production growth is at a key inflection point and I look forward to working with Scott Aitken and the team in this exciting phase of development."

Quick facts: Cabot Energy plc

Price: 1.5 GBX

Market: AIM
Market Cap: £1.12 m
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