Eland Oil & Gas PLC announced the appointment of Ronald "Ron" Bain as Chief Financial Officer, a Board position, taking effect on 1 August 2017. Ron recently led the Financial Integration Planning for the Baker Hughes /GE Oil & Gas merger. Prior to this Mr. Bain was the Regional Accounting Director of Europe, Africa and Russia/Caspian for Baker Hughes, responsible for all financial reporting, financial management and compliance activities in over 40 countries.

Olivier Serra, the current CFO of Eland has agreed to step down as a Director and has resigned from the Eland board with immediate effect. He will remain as CFO until the end of the month, following which he will be staying on as a consultant to concentrate on strategic debt structure and options for the company.