LAM.L Regulatory News (LAM)

8 Feb 2007 07:00

Lamprell Plc08 February 2007 LAMPRELL PLC ("Lamprell" or the "Company") APPOINTMENT OF CHIEF FINANCIAL OFFICER Lamprell plc, based in the United Arab Emirates and listed on London AIM(symbol: LAM), a leading provider of specialist engineering services to theinternational oil & gas industry, is today pleased to announce the appointmentof Mr. Scott Doak (age 44) as Chief Financial Officer with effect from the endof February 2007. Mr. Doak has over 20 years of accounting experience in the Middle East. Mostrecently Mr. Doak worked for Reuters Ltd. serving as the Head of Finance forMiddle East & Africa, where he was also a member of the Senior Management Groupinvolved in Strategic Planning and Market Development. Previously Mr. Doak hasheld senior financial roles with Telerate Ltd., Dubai, Price Waterhouse, Dubaiand Whinney Murray & Company (Saudi affiliate to Ernst & Young). Mr. Doak is amember of the Institute of Chartered Accountants of Scotland and has a Bachelorof Accountancy from the University of Glasgow. Mr. Doak will support David Moran, Chief Operating Officer and Chief Executivedesignate, to ensure a seamless transition of responsibilities when PeterWhitbread steps down as Chief Executive at the end of 2007 whilst remaining asExecutive Chairman. Speaking on the appointment of Scott Doak, Peter Whitbread, Chairman and CEOsaid: "We are delighted to welcome Scott Doak as the Group's new Chief FinancialOfficer at an exciting time in Lamprell's development. Scott brings a wealth ofMiddle Eastern financial experience to the Group and we look forward to workingwith him as Lamprell continues to grow and mature." Enquiries: Lamprell plc. (+9716 528 2323)Peter Whitbread, Chairman and Chief Executive OfficerDavid Moran, Chief Financial Officer and Chief Operating Officer Citigate Dewe Rogerson, London (+44 207 638 9571)Media enquiries: Martin Jackson/George CazenoveAnalyst enquiries: Nina Soon NOTES TO EDITORs • Lamprell, based in the UAE, has played an increasingly prominent role in the development of the oil & gas industry in the Arabian Gulf for over 30 years, in later years providing specialised engineering services to the industry. • Lamprell's two primary facilities are in Port Khalid, in the Emirate of Sharjah, and in the Jebel Ali Free Zone, in the Emirate of Dubai, both of which are in the UAE. • The principal markets in which Lamprell operates, and the principal services it provides, are: - Upgrade and refurbishment of offshore jackup rigs; - New build construction for the offshore oil and gas sector, including Floating Production, Storage and Offloading ("FPSO") systems and other offshore and onshore structures; and - Oilfield engineering services, including the upgrade and refurbishment of land rigs. • Lamprell has grown strongly over the last four years, driven by buoyant conditions in the oil and gas industry and the increase in capacity with the opening of its facility in the Jebel Ali Free Zone in 2002. • Lamprell joined AIM, a market operated by London Stock Exchange plc, on 16 October 2006. This information is provided by RNS The company news service from the London Stock Exchange