TIDMVLS
RNS Number : 6030K
Velocys PLC
17 December 2018
News release
Velocys plc
("Velocys" or "the Company")
17th December 2018
Appointment of two new Independent Non-Executive Directors
Velocys plc (VLS.L), the renewable fuels company, is pleased to
announce the appointment of two new independent Non-Executive
Directors to the Board with effect 1 January 2019: Philip Holland
and Darran Messem. Both have significant experience in industries,
companies and projects with direct relevance to Velocys.
Philip Holland has a combined 37 years of experience in planning
and construction of joint venture onshore/offshore projects, oil
and gas processing facilities, petrochemical plants, and alumina
refineries. He is an expert in the cross-functional work processes
associated with conceptual and detailed design and engineering,
procurement, construction, pre-commissioning, planning and
scheduling, cost control, and finance management of large scale
projects.
During his nearly 10 years at Shell, Holland successfully
oversaw its Downstream and Gas & Power projects for six years,
including a GBP5.2 billion Petrochemical facility at Ras Laffan in
Qatar and the GBP8.3 billion Port Arthur Refinery Expansion Project
in Texas. Earlier in his career, he led a department of more than
300 employees in Bechtel's London office with responsibility for
all cost, scheduling and estimating activities on projects in EMEA
across petroleum and chemical, power, pipelines, offshore, civil,
rail, aviation, water and telecoms. Holland currently is a
Non-Executive Director at EnQuest plc, where he chairs EnQuest's
Risk Committee and is a member of its Remuneration Committee.
Holland holds a Master of Science in Engineering/Construction
Project Management from Cranfield School of Management and a
Bachelor of Science (Honors) in Civil Engineering from Leeds
University.
Darran Messem has 30 years of commercial experience in energy,
transport and sustainable development. He is an expert in
sustainable business development, with particular focus on
renewable energy and low-emission transport, combining skills in
market research, strategy development, marketing, business
development, project management, deal structuring, and leadership.
Messem is an experienced company Director who has worked with
organisations both large and small, established and start-up, in
many markets including the UK, US, Canada and China.
During his 15 years with Shell, Messem worked on the removal of
lead and sulphur from fuel in the UK, the development of new
business models in the US, and the development of Shell's global
biofuel business, where he worked on a number of bio-fuel
technologies including gasification and Fisher-Tropsch synthesis.
He served as Shell's nominated Director of Iogen Energy, and as
Chairman, was closely involved in investments by Goldman Sachs and
Volkswagen. Messem also worked for the Carbon Trust, supporting
Governments and companies with emission reduction, and for British
Airways on market analysis and the development of new services. He
is Chair of the Low Carbon Vehicle Partnership, a UK public-private
partnership that works to accelerate the deployment of low carbon
vehicles and fuels.
Messem holds a Master of Arts in Economic Geography from
Cambridge University and a post-graduate diploma in Marketing. He
is a Fellow of the Chartered Institute of Marketing and the Royal
Geographical Society.
On their appointment, Holland and Messem will also join the
Company's Audit & Risk, Remuneration, and Nomination &
Governance Committees. Holland will be appointed as Senior
Independent Director, and Messem will be appointed as chairman of
the Remuneration Committee. Sandy Shaw will continue as a member of
the Remuneration Committee and as the Chair of the Audit and Risk
Committee.
Pierre Jungels, Chairman of the Board of Velocys, said:
"In Philip and Darran we have a wonderful combination of skills
and experience that will benefit Velocys as we continue on our path
to finance, develop and operate our plants in the US and UK. Philip
brings extensive experience in developing large, complex projects
while Darran has proven success in renewable fuel, low carbon
markets and the petrochemical industry. I am very pleased to
welcome them both to the Board and see the willingness of such high
caliber professionals to help us, by joining our Board, as a huge
endorsement of our strategy."
There is no information that is required to be disclosed with
regards to the appointment of Philip Holland, aged 63, or Darran
Messem, aged 52, pursuant to Schedule 2 paragraph (g) of the AIM
Rules, save as set out below:
Philip Holland
(g) (ii) Current directorships and partnerships
EnQuest plc
(g) (ii) Directorships and partnerships held within the past
five years
Phil Holland & Associates Limited
Darran Messem
(g) (ii) Current directorships and partnerships
Low Carbon Vehicle Partnership
(g) (ii) Directorships and partnerships held within the past
five years
Carbon Trust Assurance Limited
- Ends -
For further information, please contact:
Velocys
Henrik Wareborn, CEO + 44 1235 838621
Numis Securities (Nomad and joint broker)
Alex Ham
Stuart Skinner
Jamie Lillywhite
Tom Ballard +44 20 7260 1000
Canaccord Genuity (Joint broker)
Henry Fitzgerald-O'Connor
Ben Griffiths +44 20 7523 8000
Camarco (UK financial communications & PR)
Billy Clegg
Georgia Edmonds
Tom Huddart +44 20 3757 4983
Scoville Public Relations (Velocys US public +1 206 625 0075
relations) #1
John Williams
Certain information contained in this announcement would have
constituted inside information (as defined by Article 7 of
Regulation (EU) No 596/2014) prior to its release as part of this
announcement.
www.velocys.com
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END
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