Amerisur Resources PLC Appointment of Senior Independent Director (3958E)
08 May 2017 - 4:00PM
UK Regulatory
TIDMAMER
RNS Number : 3958E
Amerisur Resources PLC
08 May 2017
8 May 2017
Amerisur Resources Plc
Appointment of Senior Independent Non-executive Director
Amerisur Resources Plc ("Amerisur" or the "Company"), the oil
and gas producer and explorer focused on South America, is pleased
to announce the appointment of Alex Snow to the Board as Senior
Independent Non-executive Director effective from 10 May 2017.
The appointment follows an objective, thorough and rigorous
process overseen by Chris Jenkins, independent non-executive
Director and member of the Nomination Committee. In line with
corporate governance best practice, Preng & Associates, a
leading executive search firm dedicated to the energy industry,
managed the search process.
Alex Snow has had a successful career in the City and has most
recently been CEO of Lansdowne Partners LLP, the leading
institutional investor. He was founder and CEO of Evolution Group
plc the investment bank created in 2001 and subsequently sold in
2012 to Investec for GBP230 million. Alex became Chairman of the
investment banking division and member of the Board at Investec
Bank PLC before leaving in 2013 to become CEO of Lansdowne Partners
LLP. Alex stepped down from Lansdowne Partners on 31 December
2016.
It is intended that Alex Snow will join the Remuneration and
Nomination Committees.
Chris Jenkins, independent Non-executive Director and member of
the Nomination Committee who oversaw the search process, said:
"Following extensive shareholder consultation, with the support
of Preng we have run an objective, thorough and rigorous process in
line with best practice corporate governance and recruitment
procedures to find Alex Snow. Alex has considerable City expertise,
most recently as CEO of a leading institutional investor, to
complement the recent appointment of Dana Coffield, who has
significant oil industry experience globally and in Colombia
specifically."
Giles Clarke, Chairman of Amerisur, commented:
"I take pleasure in welcoming Alex Snow to the Board of Amerisur
as Senior Independent Non-executive Director. His City experience,
strength of character and willingness to provide challenge will add
significantly to the Board of your company. I would like to thank
Stephen Foss for his contribution as Senior Independent Director
where he supervised an enhancement of corporate governance and
shareholder engagement and the Amerisur Board looks forward to
continuing to work with him in his role as independent
non-executive Director."
Ends
Enquiries:
Nick Harrison, CFO Tel: +44 (0)330
Amerisur Resources 333 8246
Billy Clegg/Georgia Tel: +44 (0)203
Edmonds 757 4980
Camarco
Callum Stewart/Ashton Tel: +44 (0)20
Clanfield 7710 7600
Stifel Nicolaus Europe
Limited
Chris Sim/George Price Tel: +44 (0)207
597 4000
Investec
Darrell Uden/Marcus Tel: +44 (0)207
Jackson 653 4000
RBC Capital Markets
Current Directorships Previous directorships
---------------------------- --------------------------------
Alexander Charles Wallace Snow, 48
----------------------------------------------------------------
Oxford Sciences Innovations Beeson Gregory Index
PLC Nominees Ltd
---------------------------- --------------------------------
Summerfields School Christows Ltd
Trust Ltd
---------------------------- --------------------------------
Turf to Table Ltd Darwin Strategic Ltd
---------------------------- --------------------------------
Evo Nominees Ltd
---------------------------- --------------------------------
Evolution Beeson Gregory
Ltd
---------------------------- --------------------------------
Evolution Capital Investment
Ltd
---------------------------- --------------------------------
Evolution Group Services
Ltd
---------------------------- --------------------------------
Evolution Securities
China Ltd
---------------------------- --------------------------------
Evolution Securities
Ltd
---------------------------- --------------------------------
Evolution Securities
Nominees Ltd
---------------------------- --------------------------------
Investec Bank PLC
---------------------------- --------------------------------
Investec Wealth & Investment
Ltd
---------------------------- --------------------------------
Lansdowne Partners
(UK) LLP
---------------------------- --------------------------------
The Evolution Group
Ltd
---------------------------- --------------------------------
W DEB MVL PLC
---------------------------- --------------------------------
WDB Capital Ltd
---------------------------- --------------------------------
Willbro Nominees Ltd
---------------------------- --------------------------------
Williams De Broe Administration
Ltd
---------------------------- --------------------------------
Williams De Broe Ltd
---------------------------- --------------------------------
In relation to the appointment to the board, there is no further
information required to be disclosed pursuant to paragraph (g) of
Schedule 2 of the AIM Rules for Companies.
Notes to editors
Amerisur Resources is an independent full-cycle oil and gas
company focused on South America, with assets in Colombia and
Paraguay and production from the Platanillo field in southern
Colombia. In 2016 Amerisur successfully built and is 100% owner of
the strategic OBA oil transfer line into Ecuador.
In Colombia, the Company is operator and has a 100% working
interest in the Platanillo block which includes the Platanillo
field, which is currently producing circa 5,200 BOPD. The Company
has a strong position in the Putumayo basin and has a cluster of
near term activity assets around the OBA export line. It has a
diverse portfolio of longer term exploration assets.
This announcement contains inside information as defined in EU
Regulation No. 596/2014 and is in accordance with the Company's
obligations under Article 17 of that Regulation.
www.amerisurresources.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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