ADES International searching for new chief financial officer

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ADES International Holding PLC (LON:ADES) said Khaled Hassan has resigned as the group’s chief financial officer.

The oil & gas drilling and production services provider said Hassan has decided to step down from his position to pursue a greater role outside of the group, although he will be sticking around for a while to ensure an orderly transition.

The board has already begun the search process for a successor and is confident of being able to recruit a high-quality replacement.

“Mr Hassan played an essential role in enhancing the group’s financial strength and cost discipline, as well as pushing forward our wider integration project. I wish him all the success in his future endeavours,” said Dr Mohamed Farouk, the chief executive officer of ADES in a statement.

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