Echo Energy PLC Board Changes (3081T)
14 Noviembre 2023 - 1:00AM
UK Regulatory
TIDMECHO
RNS Number : 3081T
Echo Energy PLC
14 November 2023
14 November 2023
Echo Energy plc
("Echo" or the "Company")
Board Changes
Echo Energy plc, the Latin American focused upstream energy
company, is pleased to announce the following Board changes.
Stephen Birrell has been appointed as Chief Executive Officer
('CEO') of the Company with immediate effect. Stephen is highly
experienced geoscientist who has worked in the upstream oil and gas
and mining industry for over 35 years with a particular focus on
gas developments across multiple jurisdictions with Britoil, BP and
Elf and Sterling Resources, where he discovered and initiated the
development of the Black Sea gas field complex, Ana/Doina in
Romania. Stephen has a BSc Honours in Applied Geology and is a
member of the Association of International Energy Negotiators and
the Society of Petroleum Engineers.
Christian Yates, current non-executive director, will assume the
position of non-executive chairman.
Martin Hull, the Company's existing CEO, and James Parsons, the
Company existing Non Executive Chairman, are both transitioning
into the role of non-executive director and both individuals have
been asked to provide additional support to the new chairman and
CEO for an interim period.
These changes will take place with immediate effect.
Christian Yates, Non-Executive Chairman of the Company,
said:
"I am delighted to confirm Stephen's appointment as Chief
Executive Officer. Stephen brings a wealth of technical and
commercial experience, holding executive positions across a range
of oil and gas businesses and we look forward to leveraging his
experience as we look to deliver our strategy. I would also like to
thank James and Martin personally and on behalf of the Board for
their leadership and commitment to the Company over the last few
turbulent years and I look forward to their continued support as
non-executive directors. "
Regulatory Disclosures:
In addition to his appointment to the Echo Board, Stephen James
Birrell, aged 60, has held the following directorships and/or
partnerships in the past five years:
Current Directorships/Partnerships Past Directorships/Partnerships
Coro Energy plc Ascent Resources plc
Live Company Group plc Iconic Labs plc
Ossian Energy Limited Surus Geo BV
Transition Analytics Ltd
Ossian Energy BV
--------------------------------
Stephen Birrell was appointed as a director to Iconic Labs plc
("Iconic Labs") (formerly Widecells Group PLC) on 9 February 2021
and resigned as a director on 19 March 2021. Iconic Labs was placed
into administration on 4 June 2021 following an unsatisfied demand
for payment from Iconic Labs' secured creditor. The administrators'
progress report, issued on 30 August 2022, cites that the Company,
Greencastle Media, Arch Capital Partners LLP, Mr D Sefton and the
European High Growth Opportunities Securitization Fund have entered
into a Settlement Agreement. As a result, all litigation
proceedings have been dismissed, and all claims, counter claims,
including defamation claims, among the parties, have been waived.
The Company announced on 13 October 2023 that the Creditors
Voluntary Arrangement ("CVA") has now been completed.
Stephen Birrell does not hold any Ordinary Shares in the Company
and there are no further disclosures to be made pursuant to
Schedule 2 paragraph (g) of the AIM Rules.
For further information please contact:
Echo Energy via Vigo Communications
Stephen Birrell, Chief Executive Officer
Cavendish Securities plc (Nominated Tel: 44 (0)20 7220
Adviser) 0500
Adrian Hadden
Ben Jeynes
Vigo Consulting Ltd (IR/PR Advisor) Tel: 44 (0)20 7390
Patrick d'Ancona 0230
Finlay Thomson
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END
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November 14, 2023 02:00 ET (07:00 GMT)
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