Premier Oil PLC Proposed Board Appointments (8415K)
07 Enero 2021 - 1:00AM
UK Regulatory
TIDMPMO
RNS Number : 8415K
Premier Oil PLC
07 January 2021
Premier Oil plc
"Premier" or the "Company"
Proposed Board Appointments
7 January 2021
Further to the publication of its prospectus and circular on 16
December 2020 in connection with the proposed merger between the
Company and Chrysaor Holdings Limited by way of a reverse takeover
(the "Merger"), Premier announces the proposed appointment of three
additional directors to its Board: Alan Ferguson, Margareth Øvrum
and Andy Hopwood. Each of Alan, Margareth and Andy will be
appointed with effect from completion of the Merger (except that in
the case of Margareth, the appointment will be effective on the
later of 1 April 2021 and completion of the Merger) and will serve
as independent, non-executive directors.
Alan Ferguson (Independent Non-Executive Director designate)
Alan Ferguson has over 20 years of executive experience in the
mining and automotive industries. Alan worked at Inchcape for 22
years and was Group Finance Director from 1999 until 2005. He then
served as Group Finance Director of The BOC Group from 2005 to
2006, and Chief Financial Officer of Lonmin from 2007 to 2010. Alan
has been a non-executive director of Johannesburg and New York
listed AngloGold Ashanti since 2018, where he chairs the Audit
Committee and a non-executive director of AIM listed Marshall Motor
Holdings since 2015, where he is the Senior Independent Director
and chairs the Audit Committee. Alan has also previously served as
a non-executive director on the boards of Croda International from
2011 to 2020, where he was the Senior Independent Director and
chaired the Audit Committee; Weir Group from 2011 to 2018, where he
chaired the Audit Committee; Johnson Matthey from 2011 to 2020,
where he was the Senior Independent Director and chaired the Audit
Committee; and London Mining from 2013 to 2014, where he chaired
the Audit Committee. Alan is a chartered accountant and sits on the
Business Policy Panel of the Institute of Chartered Accountants of
Scotland, as well as serving as a director of the Audit Committee
Chairs' Independent Forum. Alan holds a B. Sc. in accountancy and
business economics from Southampton University.
Alan will serve as Chairman of the Audit and Risk Committee from
completion of the Merger.
Margareth Øvrum (Independent Non-Executive Director
designate)
Margareth Øvrum has nearly 40 years of experience in the energy
industry. Margareth worked for Equinor and its predecessor
companies from 1982 until January 2021, and held multiple business
unit and central management positions within the company. She was
the first female and youngest platform manager of one of the
company's oldest fields in the North Sea (Gullfaks), and sat on the
company's corporate Executive Committee for 16 years. Since 2004,
Margareth has been an Executive Vice President at Equinor and has
experience in HSE, technology, renewables, major projects,
procurement and drilling, amongst others. In 2018, Margareth moved
to Brazil to preside over Equinor's operations in the country.
Margareth has served as a non-executive director at TechnipFMC
since October 2020, where she also sits on the Environmental Social
and Governance Committee. She has also served as a non-executive
director of FMC Corporation since 2016, where she is a member of
the Sustainability Committee and the Nomination and Corporate
Governance Committee. She has previously served as a non-executive
director on the boards of Alfa Laval, Atlas Copco, Ratos and
Siemens Norway. She has also been a board member of various
non-profit organisations, including the Norwegian Research Council,
the University of Bergen and Chairman at Helse Bergen Hospital
Group. Margareth graduated with a Master of Science in Technical
Physics from the Norwegian Technical University in 1981.
Margareth will serve as Chairman of the Health, Safety,
Environment and Security Committee from the later of 1 April 2021
and completion of the Merger.
Andy Hopwood (Independent Non-Executive Director designate)
Andy has over 40 years' experience in the global oil and gas
industry gained during his long association with BP. He retired
from BP at the end of 2020, having spent the last 10 years as
Executive Vice President serving on both the BP Group Executive
Team and as Chief Operating Officer of Upstream. He was responsible
for Upstream strategy, portfolio and leading the Regional business
leaders. Prior to joining BP's Executive Team, Andy held several
positions leading BP's businesses: in the onshore North America, in
Trinidad & Tobago and in Azerbaijan. He has also held various
commercial, operational and engineering roles in a wide range of
geographies including in the North Sea, Venezuela, Mexico and
Indonesia. He also served as chair of the BP Foundation. Andy
received a B. Sc. in Chemical Engineering from the University of
Birmingham.
The letters of appointment for Alan Ferguson, Margareth Øvrum
and Andy Hopwood are on terms consistent with the current
Non-Executive Directors' letters of appointment set out at page 95
of Premier's 2019 Annual Report and Financial Statements.
There is no further information to be disclosed pursuant to
Listing Rule 9.6.13 in connection with these appointments.
Premier enquiries
Richard Rose, Finance Director and Interim
CEO
Elizabeth Brooks, Head of Investor Relations 020 7824 1116
Camarco
Billy Clegg
Georgia Edmonds 020 3757 4983
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