JKX Oil & Gas PLC Directorate Changes (3617M)
September 16 2019 - 1:01AM
UK Regulatory
TIDMJKX
RNS Number : 3617M
JKX Oil & Gas PLC
16 September 2019
LEI: 213800AS2I1XUAGQ6F27
16 September 2019
JKX Oil & Gas plc
("JKX" or "the Company")
Directorate Changes
JKX announces that Charles Valceschini, Tony Alves and Rashid
Javanshir have been appointed as independent non-executive
directors with immediate effect. Mr Valceschini also becomes
Chairman of the Board and Mr Alves Senior Independent Director.
Mr Valceschini has worked in the oil and gas sector for nearly
40 years and currently specialises in the provision of technical
and commercial advice to a wide range of upstream oil and gas
companies. Mr Valceschini was previously engaged in technical and
leadership roles by a range of companies including BP, TNK-BP and
other international upstream companies. During 2000 and 2001 he was
CEO and CFO of American Energy Group Limited. Mr Valceschini has a
degree in Petroleum Engineering from the University of Wyoming, an
MSc in Engineering Management from Portland State University and is
an alumnus of the INSEAD Executive Management programme and Moscow
School of Management at Skolkovo Project Academy.
Mr Alves has worked in the oil and gas sector for over 30 years.
From January 2009 until June 2016 he served as an Executive
Director and Chief Financial Officer for AIM Listed Volga Gas plc,
with whom he remains as a consultant. Previously he was one of the
leading equity analysts covering the sector including periods as
Head of Oil and Gas research for Peel Hunt and with Investec, Bell
Group International and Schroders. Mr Alves read Mathematics at
Cambridge University, both as an undergraduate and a post-graduate
research student.
Dr. Rashid Javanshir worked at BP for over 20 years in senior
management roles including Senior Vice President for Strategy &
Integration in Global Upstream, London (2012 - 2015) and Regional
President for Azerbaijan - Georgia - Turkey (2009 -2012). He also
led BP's Southern North Sea Gas Operations in 2003-2006. Dr.
Javanshir is a distinguished scientist with more than 150 books and
papers published internationally. He holds a PhD in Geophysics from
Moscow Gubkin University and a Doctoral Degree in Geology and
Mineralogy from the Institute of Geology in Baku. He has completed
management programmes in several US Universities, and is an alumnus
of Harvard Business School.
There are no other matters which require disclosure under
Listing Rule 9.6.13R.
The board currently consists of Tony Alves, Michael Bakunenko,
Viktor Gladun, Rashid Javanshir and Charles Valceschini.
Charles Valceschini, incoming Chairman, said: "I look forward to
leading the Company into a new phase, delivering strategic and
operational focus and continuing to ensure good corporate
governance in the interests of all shareholders".
ENDS
JKX Oil & Gas plc +44 (0) 20 7323 4464
Ben Fraser, CFO
EM +44 (0) 20 7002 7860
Stuart Leasor, Jeroen van de Crommenacker
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END
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