Premier Oil PLC Appointment of Chairman & Non-Executive Directors (5768N)
10 August 2017 - 4:00PM
UK Regulatory
TIDMPMO
RNS Number : 5768N
Premier Oil PLC
10 August 2017
PREMIER OIL PLC
("Premier")
Appointment of new Chairman and Non-Executive Directors
10 August 2017
Premier is pleased to announce that Roy Franklin will join the
company's Board as Non-Executive Chairman with effect from 1(st)
September 2017. He succeeds Mike Welton who, after eight years as
Chairman, announced in March 2017 that he would step down from the
Board on appointment of a successor.
In addition, Dave Blackwood and Mike Wheeler will also join the
Board with immediate effect as new Non-Executive Directors. These
appointments follow the retirement of Joe Darby and David Lindsell
at the Company's AGM in May.
Roy Franklin, OBE
Roy has more than 40 years experience as an executive in the oil
and gas industry. He spent 18 years at BP after which he was Group
Managing Director of Clyde Petroleum and then CEO of Paladin
Resources, until its acquisition by Talisman Energy in 2005. Since
then, Roy has served on a number of international energy boards in
non-executive roles. He is currently interim Chairman of Statoil
ASA and a non-executive director of Santos Limited. Roy is a
non-executive director of Amec Foster Wheeler and, on completion of
the proposed combination with Wood Group, will be appointed Deputy
Chairman and Senior Independent Director of the combined Group. He
is also a member of the advisory board of Kerogen Capital LLC. In
2004, Roy was awarded the OBE for services to the UK oil and gas
industry.
Dave Blackwood, CBE
Dave has over 40 years experience in the oil and gas sector, 27
years of which were spent in various global roles within BP,
including heading up BP's upstream business in the UK and Norway.
He has a strong understanding of the technical and commercial
issues at play in an exploration and production company and has
broad experience in developing and managing large scale complex
energy assets throughout the world, from exploration through to
decommissioning. Dave has held various non-executive and advisory
roles, including Valiant Petroleum plc where he was Senior
Independent Director. He is currently a Senior Advisor with
Evercore, a global independent investment banking advisory firm. In
2006 Dave was awarded the CBE for his contribution to the UK oil
and gas industry.
Mike Wheeler, CBE
Mike has held senior roles in businesses in a variety of
sectors, including serving, as the Global Managing Partner
Financial Advisory Services and Member of KPMG's international
executive board. His career at KPMG spanned thirty years, which
included serving as Global Chairman, Restructuring. He has held
various non-executive director roles and is currently serving as
Non-executive Director and Chairman of the Audit Committee at
Citadel Securities Europe, Non-executive Chairman of Glitnir and
Non-executive Director and Chairman of the Audit Committee of
Sunseeker International. In 2014, Mike was awarded the CBE for his
services to healthcare following several years as a non--executive
director at the UK Department of Health.
Mike Welton, Chairman, commented:
"I am delighted to welcome Roy, Dave and Mike to Premier's
Board. I am absolutely confident that their experience and skills
will be of enormous value to the Board and the Company as a whole.
It has been a privilege to have been Chairman of Premier for some
eight years. It is a company with great potential and I am sure
that Roy is an excellent choice to chair the Board for the next
phase of its development".
Commenting on his appointment, Roy Franklin said:
"I very much look forward to joining the Board and chairing
Premier, a company I have known well for many years. I would like
to congratulate Mike Welton on leading the company through a very
challenging industry downturn and very much look forward to working
with the Board, the management team and all stakeholders".
Enquiries
Premier Oil plc Tel: 020 7730 1111
Tony Durrant, Chief Executive
Richard Rose, Finance Director
Bell Pottinger Tel: 020 3772 2570
Lorna Cobbett
Henry Lerwill
Additional information
The following additional information is disclosed pursuant to
paragraph 9.6.13R of the FCA's Listing Rules.
Roy Franklin - previous directorships
Keller Group PLC
OMV A.G.
Boart Longyear Ltd.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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