Energean Oil & Gas PLC Directorate Changes (1958U)
November 21 2019 - 3:30AM
UK Regulatory
TIDMENOG
RNS Number : 1958U
Energean Oil & Gas PLC
21 November 2019
21 November 2019
Energean Oil & Gas plc
("Energean" or the "Company")
Directorate Changes
Karen Simon appointed Non-Executive Chairman; and
Amy Lashinsky appointed Independent Non-Executive Director
London, 21 November 2019 - Energean Oil and Gas plc (LSE: ENOG,
TASE: ), the oil and gas producer focused on the Mediterranean, is
pleased to announce the appointment of Karen Simon, currently
Independent Non-Executive Director, as Non-Executive Chairman,
replacing Simon Heale, who has retired; and Amy Lashinsky as
independent Non-Executive Director, all effective on 21 November
2019.
Karen Simon is newly retired from J.P. Morgan as a Vice Chairman
in the Investment Bank with over 35 years of corporate finance
experience with the firm. Most recently, Ms. Simon headed up
Director Advisory Services, a newly established client service at
J.P. Morgan focused on public company directors. From 2004 to 2016,
Ms. Simon worked with private equity firms in J.P. Morgan's
Financial Sponsor Coverage group and was promoted to head the
European group in 2007 and the North American group in 2013. Ms.
Simon held a number of other senior positions previously, including
Co-Head of EMEA Debt Capital Markets and Head of EMEA Oil & Gas
coverage. Ms. Simon spent 20 years of her career working in London
and is a dual US/UK citizen. She currently sits on the boards of
Aker ASA in Oslo, an industrial investment company, and the Texas
Woman's Foundation, a non-profit charity focused on the needs of
underprivileged girls and women across Texas. Ms. Simon graduated
from the University of Colorado and has Masters degrees from
Southern Methodist University and from the American Graduate School
of International Management.
Amy Lashinsky is a co-founder of Alaco, the international risk
management company, and a member of its Board. Ms Lashinsky trained
as a securities analyst on Wall Street before joining Kroll in New
York in 1985. She moved to London in 1988 to help establish Kroll's
first overseas office where she became Managing Director of its
business intelligence unit. In 1995 Ms. Lashinsky set up Asmara
Limited, which was sold to NYSE-listed Armor Holdings in 1998,
before founding Alaco in 2002. Ms Lashinsky graduated from the
University of Michigan.
Karen Simon is replacing Simon Heale, who is retiring from the
Board, having successfully overseen Energean's transition from a
small private company to a constituent of the FTSE250 and the Tel
Aviv TA35.
Karen Simon, Non-Executive Director and new Chairman said:
"It is a privilege for me to step up as Chairman at Energean, a
company with a clear strategy, a strong and growing asset base and
a focussed, diverse and professional team. I look forward to
working closely with colleagues to drive the business forward and
create value for our shareholders as we execute our transition fuel
strategy. On behalf of the Board I would like to thank Simon for
his significant contribution to Energean and the entire Energean
team offers Simon all best wishes for the future."
Simon Heale, non-executive Chairman said:
"Karen Simon has made a significant contribution to Energean
since she became a Non-Executive Director in 2017 and I leave
Energean in excellent hands, with listings in London and Tel Aviv,
a significant development in Israel and a growing reserves and
production base in the Mediterranean. With its gas-weighted
strategy and portfolio, Energean is well-placed to address the many
challenges and opportunities ahead. It has been an honour to serve
on the Board and I wish Energean every success, going forward."
Enquiries
Energean Tel: 07917 608645
Kate Sloan, Head of IR & ECM
Camarco (Financial PR) Tel: 020 3757 4980
Billy Clegg, Owen Roberts
About Energean Oil & Gas plc
Energean is a London Premium Listed FTSE 250 and Tel Aviv Listed
E&P company with operations offshore Israel, Greece and the
Adriatic. In August 2017 the Company received Israeli Governmental
approval for the FDP for its flagship Karish-Tanin gas development
project, where it intends to use the only FPSO in the Eastern
Mediterranean to produce first gas in 2021. Energean has already
signed firm contracts for 5.0 Bcm/yr of gas sales into the Israeli
domestic market. Future gas sales agreements will focus on both the
growing Israeli domestic market and key export markets in the
region.
Energean has nine exploration licences offshore Israel, and a
25-year exploitation licence for the Katakolo offshore block in
Western Greece and additional exploration potential in its other
licences in Western Greece and Montenegro.
On 4 July 2019, Energean announced the conditional acquisition
of Edison E&P for $750 million plus $100 million of contingent
consideration.
www.energean.com
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END
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