17 Jul 2012 07:00
Andes Energia plc
("Andes" or "the Company")
Board changes
The Board of Andes Energia PLC (AIM:AEN; BCBA:AEN), the Latin American energy group, is pleased to announce various board changes following the completion of the demerger on 12 July 2012.
BOARD CHANGES
The Company is strengthening its management and Board of Directors and is pleased to announce the appointments to the Board of Mr Rudolph Berends as Vice Chairman, Mr Leandro Carbone as Chief Executive Officer, Mr German Ranftl as Chief Financial Officer, Mr David Jackson as a non-executive director, Ms Carolina Landi as a non-executive director and Mr Javier Alvarez as a non-executive director with effect from 16 July 2012.
Rudolph Berends, Vice Chairman, aged 66. Rudolph has 39 years experience in the oil and gas industry. He started with Shell as an explorationist, has more than 20 years experience in Latin America and was a CEO/President of various public and private companies mainly focused on Latin America. Rudolph has a Doctoral degree in Geology/Geophysics and a BSc in Economics from universities in the Netherlands and the United States.
Leandro Carbone, Chief Executive Officer,aged 43. Leandro has 18 years experience in the oil and gas industry with more than 16 years experience in Argentina. He is a petroleum engineer and has worked with TOTAL, Petrolifera Petroleum and other small private oil and gas companies. Leandro has a Petroleum Engineering degree from Argentina.
German Rantfl, Chief Financial Officer,aged 46. German has a Masters in Business Administration from the University of Buenos Aires. He spent nearly eight years at ING Barings as a Vice President in Corporate Finance and Investment Banking and is currently Chief Financial Officer of EDEMSA.
David Jackson, Non-Executive Director, aged 63. David has more than 30 years experience in international banking and finance having held senior positions in Standard Chartered Bank (1990 - 2008), where he was a Managing Director in London and Hong Kong, Scandinavian Bank (1977 - 1990) in London, Bahrain, Singapore and Hong Kong where he was an Executive Director and a member of the Bank's General Management Committee and Finance for Industry, now 3i, where he was a Senior Legal Advisor (1973 - 1977). He retired from Standard Chartered Bank in 2008 and is currently the Non-Executive Chairman of Old Park Lane Capital plc.
Carolina Landi, Non-Executive Director, aged 36. Carolina graduated from the University of Buenos Aires in 2003 with a law degree, and obtained a LLM in Business Law from the University of Palermo in 2003. She previously practised as a lawyer at the firm Laporta-Lopez & Partners. Carolina is currently the legal representative for the Patagonia Petroleo UTE.
Javier Alvarez, Non-Executive Director, aged 40. Javier has a Masters in Environmental Politics and Globalisation from King's College, University of London. Javier is an executive director and member of the board of directors of the British Argentine Chambers of Commerce.
Neil Bleasdale, presently Chairman, Luis Alvarez Poli, presently Chief Executive Officer and Marcelo Comba, presently a non-executive director, have stepped down from the Board. Nicolas Mallo Huergo, presently a non-executive director will remain on the board as Chairman, Juan Carlos Esteban, presently Chief Executive Officer of the Oil and Gas Operations, will remain on the board as Vice President of the Oil and Gas Operations and Nigel Duxbury, presently Chief Financial Officer, will remain on the Board as a non-executive director and Company Secretary.
As a result of these appointments, the Board of Andes comprises:
Nicolas Mallo Huergo (Chairman)
Rudolph Berends (Vice Chairman)
Leandro Carbone (Chief Executive Officer)
German Ranftl (Chief Financial Officer)
Juan Carlos Esteban (VP E&P)
Nigel Duxbury (Company Secretary and Non-executive director)
David Jackson (Non-executive director)
Carolina Landi (Non-executive director)
Javier Alvarez (Non-executive director)
Nicolas Mallo Huergo, Chairman of Andes, commented: "The proposed board changes reflect the need to adapt ourselves to the future business structure and environment and we are delighted particularly to have been able to attract directors with oil exploration and production experience of the calibre of Rudolph and Leandro. I would like to welcome all new board members and also take this opportunity to thank Neil, Luis and Marcelo who have made an immense contribution to the Company during their tenures. We will use our best efforts to continue to expand and develop our portfolio of oil and gas assets.".
Enquiries:
Andes Energia | Nicolas Mallo Huergo, Chairman Leandro Carbone, CEO
| T: 020 7495 5326 |
Westhouse Securities | Antonio Bossi Jonathan Haines
| T: 020 7601 6100 |
Buchanan
| Tim Thompson Ben Romney | T: 020 7466 5000 |
Additional information to be disclosed pursuant to Schedule 2(g) and Rule 17 of the AIM Rules:
Mr Rudolph Berends
Rudolph is currently a director of the following companies:
Blitzen Energie Ltd
In the past five years he has also been a director of the following companies:
Petrolatina Energy plc
Petrolatina (CA) Limited
Taghmen Argentina Limited
Northwood Petroleum S.A.
Mr Carlos Leandro Carbone
Leandro in the past five years has been and currently is a director of the following companies:
Eltern SRL
Latin Equity Partners SA
Logisat Omnia SA
BBC del Sur SA
PyC Inversora SA
Inno Prodcution SA
Mr German Federico Ranftl Mareno
German has a direct interest in 293,379 ordinary shares of the Company representing 0.1% of the Company's issued share capital and holds 235,900 warrants, with an exercise price of 54 pence and final exercise date of October 2014 and 606,600 warrants, with an exercise price of 54 pence and final exercise date of June 2019, to subscribe for ordinary shares in the Company.
In the past five years he has been and currently is a director of the following companies:
Integra Investments SA
Ketsal SA
PAMAR Inversora SA
Patagonia Fly
Andes Energia Argentina SA
Andes Electricidad SA
Hidroelctrica del Sur SA
Hidroelctrica Ameghino SA
Mr David Clifford Jackson
David has a direct interest in 1,271,576 ordinary shares of the Company representing 0.43% of the Company's issued share capital and holds 1,000,000 warrants, with an exercise price of 54 pence and final exercise date of July 2017.
In the past five years he has been and currently is a director of the following companies:
Burges Grove Management Company Ltd
Grangewell Ltd
Old Park Lane Capital plc
RMD Trafford House 2000 Limited
Ms Carolina Maria Landi
Carolina has a direct interest in 33,700 ordinary shares of the Company representing 0.01% of the Company's issued share capital and holds 80,800 warrants, with an exercise price of 54 pence and final exercise date of October 2014 and 134,800 warrants, with an exercise price of 54 pence and final exercise date of June 2019, to subscribe for ordinary shares in the Company.
In the past five years she has been and currently is a director of the following companies:
PAMAR Inversora SA
Saavedra Electrificaciones SA
Fundación Posgrado Congreso
Mr Javier Francisco Alvarez
Javier is currently a director of the following companies:
British Argentine Chamber of Commerce
Alvarez & Royce World Antiques
In the past five years he has been and currently is a director of the following companies:
ArgroAustralis Limited
Other than the information contained within this announcement, there is no further information required to be disclosed under Rule 17 and Schedule Two paragraph (g) of the AIM Rules.
Note to Editors:
Andes is a Latin American oil and gas group, with interests in Argentina and Paraguay. The Company's focus is on the oil and gas sector in South America, which it believes offers premium assets at undervalued prices.