Organisational Changes at Golar
September 21 2017 - 3:00AM
Golar LNG Limited ("Golar" or the
"Company") announces today that it has appointed Iain Ross to
replace Oscar Spieler as CEO. Oscar's main remit on becoming
CEO has always been the successful delivery of FLNG Hilli Episeyo
and a search for his successor to follow shortly thereafter. Having
substantially executed his responsibility to deliver the FLNG Hilli
Episeyo, Oscar will nevertheless remain with the group and fulfil
the role of Executive Advisor and assist Mr Ross until charterers
Perenco and SNH accept the FLNG Hilli Episeyo. The Board of
Golar wishes to thank Oscar for his crucial role in conceiving the
project, the progress to date and ultimately delivering this
transformational project so close to schedule and within
budget.
Identification and appointment of
Oscar's successor was expected to coincide more closely with the
Hilli Episeyo's acceptance however the earlier than anticipated
opportunity to secure the services of Mr. Ross has accelerated this
process. Mr. Ross joins Golar most recently from project delivery
firm WorleyParsons Limited where he held various executive level
positions since 2002 including Group Managing Director,
Development, an ExCo position with responsibility for leadership of
the Global Hydrocarbons, Power, Infrastructure and Mining Sectors;
the development of the group Strategy, Mergers & Acquisitions
(including integration of acquired companies) and finally as leader
of the Digital Technology start-up. With 34 years of
broad industry and geographic experience and a focus on sustainable
growth of businesses, Iain brings to Golar a strong leadership
skill set across strategic, technical, commercial and relationship
development disciplines. Iain has a bachelor's degree in Mechanical
Engineering from Heriot-Watt University, is a Fellow of Engineers
Australia and certified International Director from INSEAD.
This skill-set is expected to serve Golar well as it seeks to move
out along the LNG value chain to develop a growing subset of gas to
power opportunities.
The Board of Golar wishes both
Oscar and Iain well for the future.
FORWARD LOOKING
STATEMENTS
This press release contains
certain forward-looking statements concerning future events and
Golar's operations, performance and financial condition.
Forward-looking statements include, without limitation, any
statement that may predict, forecast, indicate or imply future
results, performance or achievements, and may contain the words
"believe", "anticipate", "expect", "estimate", "project", "will
be", "will continue", "will likely result", "plan", "intend" or
words or phrases of similar meanings. These statements involve
known and unknown risks and are based upon a number of assumptions
and estimates that are inherently subject to significant
uncertainties and contingencies, many of which are beyond Golar's
control. Actual results may differ materially from those expressed
or implied by such forward-looking statements.
Golar LNG Limited
Hamilton, Bermuda
21 September 2017
This
information is subject of the disclosure requirements acc. to §5-12
vphl (Norwegian Securities Trading Act)
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Golar LNG via Globenewswire
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