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Directorate Change

18 Nov 2014 07:00

RNS Number : 2637X
KBC Advanced Technologies plc
18 November 2014
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Embargoed until 0700 hrs 18 November 2014

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KBC Advanced Technologies plc

("KBC")

Appointment of Chief Executive Officer

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KBC Advanced Technologies plc, a leading consultancy and software provider to the upstream and downstream hydrocarbon industries, today announces the appointment ofΒ Andrew Howell as Chief Executive Officer with effect from 1Β January 2015. Ian Godden, currently Executive Chairman, willΒ return to his role as Non-Executive Chairman of the Board.

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Andrew Howell has 20 years' in depth knowledge of operating software in the hydrocarbons industry. He joined KBC from Schlumberger's Information Solutions software division in 2011 after gaining wide experience in the international oil and gas industry with BP and Hyprotech in Europe and North America. Andrew obtained a Master's Degree in Chemical Engineering from Cambridge University. He is currently the Managing Director of KBC's expanding software business and has pioneered KBC's drive into the upstream oil and gas sector. Andrew joined the main board of KBC in April 2014.

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Ian Godden, Executive Chairman, commented, "Andrew's leadership experience in upstream oil and gas, refining and operating software ideally positions him to lead KBC's expansion as a hydrocarbons technology company. From working closely with Andrew over the last three years, I know he will be an excellent long term leader for KBC, driving its three-pronged strategy: to create a much larger software business including consulting knowledge and IP, to expand its upstream services and to build further success in growth markets such as the Middle East, South America and Asia."

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Andrew Howell commented, "I am honoured to be appointed to lead this successful technology-based software and consulting group into the next stage of its growth, and I will be supported by a highly talented leadership team and organisation. Through a combination of strong organic growth and selective acquisitions, I look forward to leading the organisation in delivering on the Board's high ambitions for KBC."

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- Ends -

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For further information, please contact:

KBC Advanced Technologies plc

Ian Godden, Executive Chairman

+44 (0)1932 236314

Andrew Howell, Managing Director, Technology

(Chief Executive Officer designate)

+44 (0)1932 236314

Andrew Hebb, Interim Chief Financial Officer

+44 (0)1932 236335

Cenkos Securities plc

Bobbie Hilliam/Harry Pardoe

+44 (0)20 7397 8900

Weber Shandwick Financial

Nick Oborne/Stephanie Badjonat/Tom Jenkins

+44 (0)20 7067 0000

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Notes to Editors

KBC is a leading consultancy and software provider to the upstream and downstream hydrocarbon industries. With over 30 years of experience, KBC combines industry-leading technology with experienced engineers and operations personnel using robust methodologies to create personalised, sustainable solutions for its clients. For more information, visit www.kbcat.com.

This information is provided by RNS
The company news service from the London Stock Exchange
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