ABERDEEN oil firm Faroe Petroleum said yesterday that Tim Read had been appointed to its board as a non-executive director.
Mr Read, 62, executive chairman of Kopane Diamond Developments, has more than 40 years’ experience in natural resources, initially as an investment analyst and investment banker.
Graham Stewart, chief executive of Faroe, said: “We are very pleased to welcome Tim to the board.
“His substantial experience in corporate finance and capital markets coupled with his focus on the natural resources sector means he is very well placed to serve the company at this time.
“Through Tim’s guidance, experience and contacts, Faroe is now even better placed to continue its fully funded work programme and to capitalise on the opportunities that the current uncertain economic climate presents to a well funded and growth-focused business.”