Vaalco: New chief executive

Houston-basedVaalco Energy has named Cary Bounds as chief executive and board member with effect from 29 December. Bounds has been chief operating officer for the past 18 months and interim chief executive for the past five months, following the retirement of Steve Guidry on 1 September. Immediately before joining Vaalco, Bounds was business unit manager, Equatorial Guinea assets and country manager, North Sea at Noble Energy. Chairman Andrew Fawthrop said that, as interim chief executive, Bounds had led the company through the acquisition of an additional working interest in the Etame Marin permit (AE 329/16), and the decision to exit Angola.