Why did the Beach Energy (ASX:BPT) share price lift today?

The oil and gas company's share price finished up amid news of a new appointment.

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The Beach Energy Ltd (ASX: BPT) share price has finished in the green today, defying a sector-wide slump on Tuesday.

At market close, shares in the energy producer were trading at $1.245, up 0.81%.

For some perspective, the S&P/ASX 200 Energy Index (ASX: XEJ) was down 0.97% today.

Takeover agreement

Image source: Getty Images

What's new at Beach Energy?

Beach Energy informed investors it has appointed Rob Jager ONZM as an independent non-executive director.

Jager is best known for his career at Shell Energy. Over a career spanning more than 40 years, he has served in multiple executive roles including vice president in both Perth and New Zealand.

Recently, Jager completed a nine year stint as independent non-executive director with Air New Zealand.

Beach energy share price snapshot

The Beach Energy share price has slumped more than 34% in the past 12 months, falling around 31% this year to date.

The company's shares dropped 1.19% in the past month but have picked up more than 6% in the last week.

The energy producer has a market capitalisation of about $2.8 billion.

The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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