Oil and gas firm Hurricane Energy has announced the appointment Steven McTiernan as non-executive chairman of the board of directors.
Mr McTiernan takes up the post as of the 1 May 2018 and replaces David Jenkins who has acted as interim chairman of the board since November 2017, Mr Jenkins will return to his previous role as senior independent director on this date.
With 45 years in the oil and gas sector, Mr McTiernan was a non-executive director of Tullow Oil and an independent director at Songa Offshore SE until January 2014.
Mr McTiernan’s oil and gas industry experience also includes time at Iraq Petroleum, Amoco, BP and Mesa.
Dr Robert Trice, chief executive of Hurricane Energy, said: “I am delighted to welcome Steven to the Board of Hurricane as Non-Executive Chairman. This is an extremely important time for the Company as we progress towards first oil on Lancaster in H1 2019.
“As the Company continues to grow, and considers the best way to create further value for its stakeholders, Steven’s experience will prove invaluable. His background in both the oil industry and finance, particularly his significant M&A experience, is well suited to guiding the Company in its next steps beyond the commencement of the EPS. I’d also like to thank David for assuming the Interim Chairman role and leading the Board over recent months.”
Mr McTiernan added: “I am most enthusiastic to be joining Hurricane, one of the UK E&P sector’s most exciting junior companies, at an early stage in the development and appraisal of its unique and play-opening assets. The potential scale and productivity of Hurricane’s opportunity is highly significant. I believe that my diverse technical, financing and transaction experiences can be valuable in helping shape the future progress of the Company.
“I am also reassured to see the steps already taken by Dr David Jenkins and the Board to put in place corporate governance standards appropriate for a more mature company, and I look forward to steering further steps in this process as the Board considers the merits of application for a premium listing.”
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