15 Jun 2022 07:01
15 June 2022
IGas Energy plc (AIM: IGAS)
("IGas" or "the Company")
Confirmation of Board Changes
Further to the announcement made earlier in the year, IGas confirms that at the close of its Annual General Meeting (AGM) today, Cuth McDowell, Interim Non-executive Chair, will step down from the Board and Chris Hopkinson, Non-executive Director, who joined the Board in January 2022 will take over the role of Chair.
Commenting Stephen Bowler, CEO, said:
"On behalf of the Board, I would like to thank Cuth for the significant contribution he has made to IGas over the last ten years, including his Chairmanship of the Board for the last two and a half years. His support and commitment to both me personally and the IGas Board has been invaluable in a highly volatile market and period of transition for the business. Cuth leaves with our very best wishes for the future."
Chris Hopkinson, added:
"I am thrilled to be taking over the role of Chair from Cuth. IGas is in an incredibly exciting phase of its evolution given its combination of businesses - traditional oil and gas, low-carbon with a focus on geothermal and the potential being explored again by the Government for UK shale gas.
Spiralling energy prices, exacerbated by the war in Ukraine, has put into the spotlight the real need for all forms of secure, affordable energy. We still must, however, continue the energy transition and sustainability is key to the future. IGas is well positioned to play a significant role in that future and our geothermal business is starting to gain real momentum particularly now we have Government support."
Committee changes
As a result of the Board changes effected later today, the Board committees will be comprised as follows:
Audit: Kate Coppinger (Chair), Chris Hopkinson, Tushar Kumar
Nomination: Chris Hopkinson (Chair), Philip Jackson
Remuneration: Philip Jackson (Chair), Chris Hopkinson, Kate Coppinger
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/Finlay Thomson/Kendall Hill