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Board and Management Changes

31 Oct 2017 07:00

Andalas Energy and Power Plc - Board and Management Changes

Andalas Energy and Power Plc - Board and Management Changes

PR Newswire

London, October 30

Andalas Energy and Power plc

(‘Andalas’, or the ‘Company’)

Board and Management Changes

Andalas Energy and Power plc (AIM:ADL) is pleased to announce the following changes to its board and senior management. The changes reflect the transition of the Company’s focus from business development to project execution. 

Mr Paul Warwick will retire from his role as Chairman of the board. Mr David Whitby will assume the role of Chairman, Dr Robert Arnott will be appointed senior non-executive director and Mr Simon Gorringe will become Chief Executive Officer. The changes will take effect immediately. 

The Company’s new Chairman, David Whitby, said “Andalas is moving into its next phase as an IPP developer. Whilst the Company will continue its business development programme, the recent operational progress dictates that our day to day focus shifts to project execution. As COO, Simon has been at the centre of the company’s business development initiatives and his experience and track record of delivering international energy projects, including Indonesian projects, makes him the ideal candidate to deliver Andalas’ next phase of development and ultimately first power.

“On behalf of the board, I would like to extend our thanks to Paul for his service and much valued advice during his tenure as Chairman and wish him well in his future endeavours.”

Outgoing Chairman, Paul Warwick said “It has been a pleasure being a member of the board of Andalas. We had embarked on an ambitious journey, but we have delivered on our strategic intent of creating a company focussed on power opportunities in Indonesia with world class partners. Dave has been essential to delivering Pertamina as our partner, which I believe is a unique achievement for a start-up and creates a great platform for the future, which he will continue to develop in his role as Chairman. Simon is the right candidate to replace him as CEO, because he has the requisite skills and intimate understanding of our projects to drive the business forward as it focusses on project development. 

The information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulations (EU) No. 596/2014 ('MAR’). Upon the publication of this announcement via a Regulatory Information Service ('RIS'), this inside information is now considered to be in the public domain.

For further information, please contact:

David WhitbyAndalas Energy and Power PlcTel: +62 21 2783 2316
Sarah Wharry Cantor Fitzgerald Europe (Nominated Adviser and Joint Broker)Tel: +44 20 7894 7000
Jon BellissBeaufort Securities Limited (Joint Broker)Tel: +44 20 7382 8415
Date   Source Headline
29th Oct 20101:45 pmRNSFinal Results
11th May 20107:00 amRNSChange of Adviser
6th May 20104:46 pmRNSSale of Agricultural Assets
24th Mar 20102:14 pmRNSManagement Changes
9th Feb 20102:36 pmRNSDirector/PDMR Shareholding
29th Jan 20107:00 amRNSHalf Yearly Report
12th Jan 20104:04 pmRNSAdjournment of meetings
31st Dec 200912:30 pmRNSManagement Change
23rd Dec 20099:54 amRNSHolding(s) in Company
18th Dec 20095:20 pmRNSHolding(s) in Company
16th Dec 20095:29 pmRNSHolding(s) in Company
15th Dec 20095:42 pmRNSCancellation of admission to AIM
9th Dec 200911:09 amRNSDirector/PDMR Shareholding
7th Dec 20097:00 amRNSAGM results and Board changes
4th Dec 20095:58 pmRNSOffer Update - Closing of Offer
26th Nov 200910:50 amRNSResignation of Directors
23rd Nov 20091:08 pmBUSRule 8.3 - Clean Energy Brazil PLC
23rd Nov 200910:56 amRNSEPT Disclosure
23rd Nov 200910:55 amRNSEPT Disclosure
20th Nov 20095:41 pmRNSOffer Update
20th Nov 200911:39 amRNSEPT Disclosure
19th Nov 20091:42 pmBUSRule 8.3 - Clean Energy Brazil PLC
19th Nov 200910:44 amRNSEPT Disclosure
18th Nov 200911:25 amRNSEPT Disclosure
17th Nov 200910:14 amRNSEPT Disclosure
16th Nov 200911:49 amRNSRule 8.1- (Clean Energy Brazil)
16th Nov 200910:18 amRNSEPT Disclosure
13th Nov 200910:18 amRNSEPT Disclosure
13th Nov 20097:00 amRNSResponse to the Mandatory Cash Offer
11th Nov 200910:01 amRNSEPT Disclosure
4th Nov 200912:19 pmBUSRule 8.3 - Clean Energy Brazil PLC
2nd Nov 20097:00 amRNSFurther re Offer Document
30th Oct 20091:19 pmRNSOffer Document Posted
30th Oct 20091:18 pmRNSAvailability of accounts
30th Oct 200911:42 amRNSRule 8.1- (Clean Energy Brazil)
30th Oct 200910:57 amRNSEPT Disclosure
29th Oct 200910:41 amRNSEPT Disclosure
29th Oct 200910:35 amRNSRule 8.1- (Clean Energy Brazil)
28th Oct 20091:27 pmBUSRule 8.3 - Clean Energy Brazil PLC
28th Oct 200911:07 amRNSEPT Disclosure
26th Oct 200910:16 amRNSEPT Disclosure
26th Oct 200910:12 amRNSEPT Disclosure
21st Oct 200912:30 pmRNSFinal Results
20th Oct 20099:54 amRNSEPT Disclosure - Amendment
20th Oct 20099:54 amRNSEPT Disclosure
19th Oct 200910:26 amRNSEPT Disclosure
16th Oct 200910:58 amRNSEPT Disclosure
15th Oct 200911:10 amRNSEPT Disclosure
14th Oct 200910:10 amRNSEPT Disclosure
7th Oct 20096:15 pmRNSRule 8.1- (Clean Energy Brazil Plc)

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