JKX chairman resigns

JKX chairman resigns

Sir Robert Horton has resigned as chairman of oil explorer JKX. Sir Robert said other commitments such as his chairmanship of Railtrack meant that he was unable to dedicate the necessary time to the business. Beleaguered JKX, which last month was the target of an unsuccessful takeover bid by rival Ramco Energy, is in discussions with potential replacements. David Boyd, deputy chairman, will act as chairman in the meantime.