Roger Paschke is stepping down as chief financial officer of the OIL Group of Companies, it was announced this week by Robert Stauffer, president and chief executive officer of Oil Management Services Ltd. and OIL Group of Companies.

Mr. Paschke is currently undergoing medical treatment in the US. He indicated his intention to retire once his treatment is completed later this year. ?All of us at Oil Management Services wish Roger a speedy return to good health,? Mr. Stauffer said in a press release.

Ricky Lines will be join the OIL Group of Companies on April 27 as chief financial officer of the group. Mr. Lines previously worked for XL Capital Ltd., where he held various senior financial positions for the past seven years. Prior to that he held positions with Bacardi Capital Ltd. and the Bank of Bermuda Limited.

Mr. Lines is a Bermudian and is a graduate of Bentley College (1983), Waltham, Massachusetts and is also a Charter member of The Institute of Chartered Financial Analysts of Bermuda.