Oakbay Resources and Energy Ltd. said Jan. 23 that it appointed M. Chong, the company's chief risk officer, as acting financial director, effective Feb. 19.

Chong will replace outgoing financial director T. Scott, who will remain on the company's board as a nonexecutive director.

In addition, Oakbay named R. Ragavan as a nonexecutive director. Ragavan currently serves as acting CEO of Oakbay Investments Proprietary Ltd., the holding company of Oakbay Resources.