Petrofac Limited Board change (3778I)
August 30 2016 - 2:01AM
UK Regulatory
TIDMPFC
RNS Number : 3778I
Petrofac Limited
30 August 2016
Press Release
30 August 2016
BOARD CHANGE
Petrofac Limited, the international oil & gas facilities
service provider, announces that Alastair Cochran will join the
Company on 3 October 2016 and, following a short handover, will
formally succeed Tim Weller as Chief Financial Officer and
Executive Director, at the Company's October Board meeting. As
previously announced, Tim Weller will leave the Group in October
2016 to take up the role of Chief Financial Officer of G4S plc.
Alastair, 46, will join Petrofac from BG Group plc, where he was
most recently Transition Head of BG Global Strategy & Business
Development overseeing the integration of BG Group following its
acquisition by Royal Dutch Shell plc. Prior to that Alastair was
Group Head of M&A and Corporate Finance at BG Group.
Chartered Accountant Alastair, who has 25 years' experience,
began his career with KPMG and spent his earlier career in
investment banking, including with Morgan Stanley and Credit
Suisse, advising on a wide range of capital market and M&A
transactions.
Rijnhard van Tets, Petrofac's Chairman, said: "We are very
pleased that Alastair has agreed to join Petrofac. His broad range
of skills encompassing corporate finance, treasury, risk and
strategy, underpinned by his strong financial and commercial
acumen, will be a key asset both in the business and around our
Board table."
Ayman Asfari, Petrofac's Group Chief Executive, said: "I am
delighted to be able to welcome Alastair to our Group. His
impressive track record, combined with his comprehensive range of
skills and thorough understanding of the oil and gas industry, will
be an excellent fit for the business. I am looking forward to
working with him as we begin a new chapter in Petrofac's
journey."
In accordance with Listing Rule 9.6.15 it is confirmed that
there are no further details to be disclosed pursuant to Listing
Rule 9.6.13.
Ends
For further information contact:
Petrofac Limited
+44 (0) 207 811 4900
Jonathan Low, Head of Investor Relations
jonathan.low@petrofac.com
Jonathan Edwards, Investor Relations Manager
jonathan.edwards@petrofac.com
Alison Flynn, Group Head of Communications
alison.flynn@petrofac.com
Tulchan Communications Group
+44 (0) 207 353 4200
petrofac@tulchangroup.com
Stephen Malthouse
Martin Robinson
This announcement contains inside information which is disclosed
in accordance with the Market Abuse Regulation which came into
effect on 3 July 2016.
NOTES TO EDITORS
Petrofac
Petrofac is a leading international service provider to the oil
and gas production and processing industry, with a diverse client
portfolio including many of the world's leading integrated,
independent and national oil and gas companies. Petrofac is quoted
on the London Stock Exchange (symbol: PFC).
Petrofac designs and builds oil and gas facilities; operates,
maintains and manages facilities and trains personnel; enhances
production; and, where it can leverage its service capability,
develops and co-invests in upstream and infrastructure projects.
Petrofac's range of services meets its clients' needs across the
full life cycle of oil and gas assets.
With around 19,000 employees, Petrofac operates out of seven
strategically located operational centres, in Aberdeen, Sharjah,
Abu Dhabi, Woking, Chennai, Mumbai and Kuala Lumpur and has a
further 24 offices worldwide.
For additional information, please refer to the Petrofac website
at www.petrofac.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
BOAWGUPCRUPQUAU
(END) Dow Jones Newswires
August 30, 2016 02:01 ET (06:01 GMT)
Petrofac (LSE:PFC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Petrofac (LSE:PFC)
Historical Stock Chart
From Apr 2023 to Apr 2024