19 Mar 2010 07:00
19 March 2010
LAMPRELL PLC
("Lamprell" or the "Company")
BOARD AND OFFICER CHANGES
Lamprell (ticker: LAM), a leading provider of specialist engineering services to the international oil & gas industry, has announced that Mr Peter Whitbread will not be seeking re-election to the Board and that it has appointed Mr Chris Hand to the role of Chief Operating Officer ("COO").
At the Board meeting held on 18 March 2010, Mr Peter Whitbread informed the Board he will not be seeking re-election as a Director at the Annual General Meeting ("AGM") to be held on 7 June 2010. Peter retires by rotation at the time of the AGM in June and has decided to retire from the Company at that time and not offer himself for re-appointment. He has been with Lamprell since 1992, serving as Chief Executive Officer ("CEO") and Chairman at the time of the IPO, then as CEO and more recently as Director of International Development.
Mr Chris Hand joined Lamprell in 1996 and was promoted to his current position, Vice President Commercial, in December 2006. In this role, Chris has been responsible for the commercial and contractual aspects of all proposals, project and procurement activities undertaken by the Group. Chris initially held the position of project Quantity Surveyor, before being promoted to Chief Quantity Surveyor in 1999 and to Commercial Manager in 2002. Prior to joining Lamprell, Chris worked for a major construction company in the United Kingdom. He has a BSc honours degree in quantity surveying, a post graduate diploma in arbitration from the College of Estate Management and an MBA from the Edinburgh Business School.
Jonathan Silver, Lamprell's Chairman, commented:
"We are hugely grateful to Peter for his outstanding contribution to the Company over 18 years, not least recently during its progression to the main board of the London Stock Exchange, where the Company is a member of the FTSE250 index. We wish him the best in his retirement. We are delighted to welcome Chris to the position of COO. He knows the Company extremely well and has already been a major contributor to its success. We wish him much luck for his new role."
Enquiries:
Lamprell plc +44 (0) 207 920 2330Jonathan Silver, Chairman
Nigel McCue, Chief Executive Officer
Scott Doak, Chief Financial Officer
M:Communications, London Patrick d'Ancona +44 (0) 207 920 2347
Georgina Briscoe +44 (0) 207 920 2348
Notes to editors
Lamprell, based in the UAE, has played an increasingly prominent role in the development of the offshore industry in the Arabian Gulf for over 30 years, in later years providing specialised services to the offshore oil and gas industry.
·; Lamprell's three primary facilities are in Port Khalid and the Hamriyah Free Zone, in the Emirate of Sharjah, and in the Jebel Ali Free Zone, in the Emirate of Dubai, all of which are in the UAE.
·; The principal markets in which Lamprell operates, and the principal services it provides, are:
o Upgrade and refurbishment of offshore jackup rigs;
o Engineering, procurement and construction of jackup rigs, liftboats and drilling related equipment;
o New build construction for the offshore oil and gas sector, including Floating Production, Storage and Offloading systems and other offshore and onshore structures; and
o Oilfield engineering services, including the upgrade, refurbishment and new building of land rigs.