Martin Copeland Replaces Andy Bell as CFO of Serica Energy

On Tuesday, Serica Energy, a UK-based company operating in the upstream oil and gas sector, announced that Chief Financial Officer Andy Bell will be stepping down from his position in the New Year. He will be succeeded by Martin Copeland.

Currently, Copeland serves as a Principal at the energy advisory firm Kirk Lovegrove & Co. Ltd. His experience in oil and gas financing and advisory spans over three decades across various investment banks. Copeland’s recent involvement in the North Sea includes advisory roles with Premier Oil’s reverse takeover by Chrysaor to establish Harbour Energy, JX Nippon’s sale of their UKCS business to Neo Energy, and Tailwind Energy’s sale to Serica.

David Latin, Chairman of Serica, stated, “Following a very thorough recruitment process, the Serica board is delighted to announce that Andy’s successor as Chief Financial Officer and Executive board member will be Martin Copeland. Martin will join Serica in the New Year, at which point he will succeed Andy as CFO. Andy will remain with the company to effect a smooth transition. The board is very grateful to Andy Bell for his many years of service to the company and our sector.”

Mitch Flegg, Chief Executive of Serica, commented, “Firstly, I want to pay tribute to Andy’s achievements in the nearly 20 years he has been with Serica, initially as a Consultant and, since the signature of the Bruce, Keith and Rhum acquisitions, as VP Finance and then CFO. I would especially like to thank him for the unstinting support and sage advice he has given me personally since I became CEO in 2017. I also want to thank him enormously for agreeing to stay on to provide support during the CFO transition and to complete the work of creating an integrated finance function following Serica’s acquisition of Tailwind.”

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