Lamprell plc Directorate Change - Appointment of CEO (0665G)
03 August 2016 - 4:01PM
UK Regulatory
TIDMLAM
RNS Number : 0665G
Lamprell plc
03 August 2016
3 August 2016
LAMPRELL PLC
("Lamprell" or "Company" and with its subsidiaries the
"Group")
DIRECTORATE CHANGE - APPOINTMENT OF NEW CEO
Lamprell (ticker: LAM), a leading provider of diversified
fabrication, engineering and contracting services to the onshore
and offshore oil & gas and renewable energy industries, is
pleased to announce that Christopher McDonald has been appointed as
Chief Executive Officer and director effective 1 October 2016,
succeeding Jim Moffat who will be retiring from the Company as
previously announced.
Prior to his appointment, Mr McDonald held the position of
Executive Vice-President and Group Head of Business Development
with Petrofac based in the UAE where he had overall accountability
for global sales for the company.
Mr McDonald, a US national, has extensive international
experience in the EPC and oilfield services sectors having worked
and lived in the USA, Asia, Australia, Europe and the Middle East.
Prior to joining Petrofac, he spent 18 years with Halliburton/KBR
during which time he served on the Board of MW Kellogg Ltd. and led
KBR's worldwide lump-sum EPC sales and marketing activities. He has
a Bachelor's degree in Mechanical Engineering from Cornell
University.
Mr McDonald will join the Company on 13 September and transition
into the CEO role effective 1 October. Following a handover period,
Jim Moffat will take up his part-time consultancy role from
mid-November until 31 March 2017 as previously announced and will
stand down as a director on 30 September 2016.
Mr John Kennedy, Chairman, Lamprell, said:
"I am absolutely delighted that we have managed to secure the
appointment of someone of Christopher's calibre and experience. He
has an outstanding track record with two of the most respected
companies in our industry and he brings a significant depth of
leadership capability and market knowledge.
I am confident that we have secured an outstanding executive to
lead the business through the challenging market conditions that we
are facing and to succeed Jim Moffat who has made a significant
contribution to the success of the business since taking up his
role in March 2013.
I am also pleased that Jim will continue to serve the Company in
a part-time consultancy role which will provide a smooth
transition. On behalf of the Board I thank Jim for his efforts and
significant achievements during the last three years."
In accordance with the UK Listing Rules, the Company confirms
that there are no further details that are required to be disclosed
under paragraph LR 9.6.13 R of the UK Listing Rules in respect of
Christopher McDonald other than as follows:
Current Directorships
-- None
Previous Directorships (past 5 years)
-- None
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
- Ends -
Enquiries:
Lamprell plc
John Kennedy, Executive
Chairman +971 (0) 4 803 9308
James Moffat, Chief Executive
Officer +971 (0) 4 803 9308
Tony Wright, Chief Financial
Officer +971 (0) 4 803 9308
Natalia Erikssen, Investor
Relations +44 (0) 7885 522 989
Tulchan Communications,
London +44 (0) 207 353 4200
Martin Robinson
Martin Pengelley
Christopher McDonald biography
Christopher McDonald, 49, has 24 years' experience in the oil
and gas EPC industry. He joined Petrofac in 2011 as Senior
Vice-President, Offshore Projects and Operations (UAE and Malaysia)
where he helped the group's global entry strategy into the shallow
water offshore EPIC market and geographic expansion into Asia
Pacific. He was promoted to his current role in 2012 and became a
member of Petrofac's Executive Committee.
From 2007 to 2010, Mr McDonald co-founded a boutique private
equity firm and became CEO of one of its portfolio companies based
in London. Prior to that he spent 18 years with Halliburton/KBR
starting his career with five years in Engineering before
progressing through the Sales function to become Commercial
Vice-President (Singapore/Australia) from 1996 to 2000 and spending
7 years in London where he became Vice-President and Officer with
responsibility for the KBR Development Company and the KBR/JGC gas
alliance. Mr McDonald has a Bachelor's degree in Mechanical
Engineering from Cornell University.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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