Mon, 10th Jan 2022 07:00
10 January 2022
IGas Energy plc (AIM: IGAS)
("IGas" or "the Company")
Retirement of Interim Non-executive Chairman and Appointment of Non-executive Director
IGas announces that Cuth McDowell has notified the Board, after 10 years of service as a Non-executive Director and currently Interim Non-executive Chairman, of his intention to step down from the Board later this year.
IGas is pleased to announce the appointment of Chris Hopkinson as Independent Non-executive Director with immediate effect. It is intended that Chris will take over the role of Non-executive Chairman from Cuth in due course. Chris will be a member of the audit, nominations and remuneration committees.
A review of the Board composition remains ongoing, including addressing its diversity.
Chris is currently Non-executive Chairman of Enwell Energy an AIM-quoted oil and gas exploration and production group and founder of Astra Resources Management advising utility scale PPP Solar projects.
Chris began his career with Shell International, followed by technical and management roles with Yukos and Lukoil Overseas, before becoming Chief Executive Officer of Imperial Energy Group up until its acquisition by ONGC in 2009. He was then Vice-President Western Siberia for TNK-BP, Senior Vice-President North Africa for BG Group, Chief Executive Officer of International Petroleum Limited, and Chief Operating Officer for JSC National Company KazMunayGas.
Chris holds a BSc Honours degree in Applied Physics from St Andrews University.
Commenting Cuth McDowell, Interim Non-executive Chairman said:
"I am delighted to welcome Chris to the Board. Chris has a tremendous amount of highly relevant experience and I am in no doubt that he will make a strong contribution to IGas as we move forward."
Chris Hopkinson said:
"I am excited to be joining IGas and helping to support the team in driving the business forward to create future shareholder value through its existing cash-generative assets and through its bold energy transition strategy."
The following information is disclosed pursuant to Rule 17 and Schedule Two paragraph (g) of the AIM Rules for Companies.
Simon Christopher Hopkinson (54 years old) has been a director or partner of the following companies during the five years preceding the date of this announcement:
Current directorships and/or partnerships
Past directorships and/or partnerships
Astra Resources Management Ltd
Blackbuck Energy Ltd
Astra Energy Consult Ltd
Enwell Energy plc
There is no other information that is required to be disclosed pursuant to paragraph (g) of Schedule Two of the AIM Rules for Companies.
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation No 596/2014.
For further information please contact:
IGas Energy plc Tel: +44 (0)20 7993 9899
Stephen Bowler, Chief Executive Officer
Ann-marie Wilkinson, Director of Corporate Affairs
Investec Bank plc (NOMAD and Joint Corporate Broker) Tel: +44 (0)20 7597 5970
Sara Hale/ Virginia Bull/Jeremy Ellis
Canaccord Genuity (Joint Corporate Broker) Tel: +44 (0)20 7523 8000
Henry Fitzgerald-O'Connor/James Asensio
Vigo Consulting Tel: +44 (0)20 7390 0230
Patrick d'Ancona/Chris McMahon/Kendall Hill