3 Nov 2008 07:00
3 November 2008
LAMPRELL PLC ("Lamprell" or the "Company")
LAMPRELL ANNOUNCES BOARD CHANGES
Lamprell (ticker: LAM), a leading provider of specialist engineering services to the international oil & gas industry, in anticipation of the move to the Main Market, announces a number of Board changes have taken place.
David Moran will be stepping down from the Board with immediate effect. David will remain with Lamprell in his capacity as Corporate Communications Director with a specific remit to broaden the Company's investor base. David is a valued member of Lamprell's management team having served with the Company since 1992. During his tenure, David has held a variety of roles at Lamprell, both at Board and non-Board level, and played an instrumental role in bringing the Group to market in 2006.
Colin Goodall joined the Board of Lamprell as a Non-Executive Director on 14 September and, on 2 November, Colin was appointed to the role of Senior Independent Non-Executive Director. Colin, a chartered accountant, spent most of his career in the upstream oil and gas industry with BP. His career has involved assignments in Africa, the Middle East, Europe, Russia and the Americas.
Jonathan Silver joined the Board on 24 August 2007. Jonathan has been associated with the Lamprell Group for more than 17 years, through his work with Clyde & Co., providing legal advice on numerous matters, including on Lamprell's listing on AIM. In accordance with the Company's articles of association, having been appointed at the request of Lamprell Holdings Limited, the Company's principal shareholder, the Board has resolved to remove Jonathan from his position immediately upon Admission becoming effective. However, the Board considers that Jonathan's detailed knowledge of the Group and the Middle East region make it desirable for his services to be retained. Accordingly, the Board has further resolved to reappoint Jonathan as a Non-Executive Director immediately upon his removal having become effective.
Commenting on the news, Chief Executive Officer, Peter Whitbread, said:
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Enquiries:
Lamprell plc +44 (0)20 7153 1547Peter Birch, Chairman
Peter Whitbread, Chief Executive Officer
Scott Doak, Chief Financial Officer
JPMorgan Cazenove, London +44 (0)20 7588 2828Malcolm Moir
Nick Garrett
Laurence Hollingworth
M:Communications, London Patrick d'Ancona +44 (0)20 7153 1547
Charlotte Kirkham +44 (0)20 7153 1531
Georgina Briscoe +44 (0)20 7153 1548