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Alkane Energy

  • BY: Andrew Hore |
  • POSTED: 03/11/2008 |

Alkane Energy has announced its new chief executive.

Neil O’Brien replaces Dr Cameron Davies, who will remain on the board as development director. The forty five year old was finance director at Speedy Hire between 1999 and 2007.

O’Brien has been granted options over 2m shares which are exercisable between 3 November 2011 and 2 November 2018 at 13.75p a share – which is the current market price. He does not own any ordinary shares.

Alkane is valued at £12.8m. Gartmore recently increased its stake in Alkane to just over 16%,

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