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Premier Oil FD quits

John van der Welle, FD of Premier Oil today, has quit the company after losing out as the company's choice as CEO. Van der Welle leaves the company after six years after failing to secure the position of CEO, replacing Charles Jamieson who retired earlier this year.

Simon Lockett, previously the operations director of the business, will succeed Jamieson.

Van der Welle remains as Finance Director until 30 June 2005.