15 Jun 2012 07:00
15 June 2012
LAMPRELL PLC
("Lamprell" or "the Company")
DIRECTORATE CHANGES
Further to the announcement made on 7 June 2012, Lamprell (ticker: LAM), a leading provider of specialised engineering services to the onshore and offshore oil & gas and renewables industry, is pleased to announce that Mr John Kennedy has been appointed to the Board of Directors of the Company as non-executive Chairman with immediate effect.
John Kennedy, a highly experienced engineer, has spent most of his executive career in the oil field services sector. He started his career in Schlumberger and then moved to Halliburton where he ultimately held the role of Executive Vice President. From 2003 to 2011 John held the position of Executive Chairman of Wellstream Holdings Plc, a FTSE 250 plc, until its successful acquisition by GE. In addition, he holds a number of Non-Executive roles in large and small, private and listed companies, including CRH Plc.
Brian Fredrick resigned as a director of the Company with effect from 14 June 2012. The Company would like to thank Brian for the significant contribution that he has made since he joined the Board in January 2009.
Commenting on the changes Nigel McCue, CEO, Lamprell, said:
"John brings to the Board a wealth of experience drawn from many years in the sector at an important time for the Company. We are delighted he has accepted the position of non-executive Chairman.
I would like to thank Brian for his significant contribution over the past three years."
Commenting on his appointment John Kennedy, Non- Executive Chairman, Lamprell, said:
"I look forward to the opportunity to work with the Lamprell team at what is such an important time for the company. This is a great opportunity to help take Lamprell to the next stage in its development."
-ends-
Enquiries:
Lamprell plc | +44 (0) 207 920 2347 |
Nigel McCue, Chief Executive Officer Jonathan Cooper, Chief Financial Officer | |
M:Communications, London | |
Patrick d'Ancona | +44 (0) 207 920 2347 |
Andrew Benbow | +44 (0) 207 920 2344 |
In accordance with the UK Listing Rules, the Company confirms that there are no further details that are required to be disclosed under paragraph LR 9.6.13 R of the UK Listing Rules in respect of John Kennedy other than as follows:
Current Directorships
CRH Plc
Welltec A/S
Maxwell Drummond International Ltd
Bifold Fluidpower Ltd
Hydrasun Holdings Ltd
Integra Group
Past Directorships (previous 5 years)
Topaz Energy and Marine Plc
Wellstream Holdings Plc
UK Atomic Energy Agency
Notes to editors
Lamprell, based in the United Arab Emirates ("UAE"), and with operations throughout the region, has played a prominent role in the development of the offshore industry in the Arabian Gulf for over 30 years and is the regional market leader in the rig market. Lamprell is a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries.
Lamprell employs approximately 12,000 people, including contract labour, across six facilities, with its primary facilities located in Hamriyah, Sharjah and Jebel Ali, all of which are in the UAE. In addition, the Group has facilities in Saudi Arabia (through a JV agreement) and Kuwait. Combined, the Group's facilities provide a total area of over 925,000 m² with 2.2 km of quayside.
Oil & Gas
·; New build offshore
·; Rig refurbishment
·; Engineering & Construction
·; Land rig services
Renewable Energy
·; Wind farm installation vessels
·; Transformer stations
·; Foundations
·; Jackets, topsides and substructures
Services
·; Engineering services
·; INSPEC (NDT and calibration services)
·; Sunbelt H2S safety services
·; Operations & Maintenance
www.lamprell.com