Challenger Energy Group PLC announced changes to the Board and management team will take effect, conditional on completion of the Fundraising, including: Iain McKendrick will join the Board as Non-Executive Chairman, and William Schrader (current Non-Executive Chairman) and James Smith (current non-executive Deputy Chairman) will step down from the Board. Further, Simon Potter has indicated a desire to step down from the Board within three months of completion of the Fundraising, thus allowing sufficient time for a suitable replacement non-executive Director to be identified and brought on board; and Tim Eastmond will be appointed will join the Board as an Executive Director, and Gagan Khurana, the Company's current Commercial Manager, will assume the role of Chief Commercial Officer, while certain members of the Company's current executive (including the Chief Operating Officer and Finance Director) have already ceased, or will shortly cease, employment with the Company.