Faroe Petroleum has hired investment banker Katherine Roe as an independent non-executive director.
Ms Roe’s appointment takes effect from July 1. She will take over the chair of the audit committee when Roger Witts steps down at next year’s annual general meeting.
Her career began in investment banking in the City of London, starting with Morgan Stanley and then as a Director of investment banking at Panmure Gordon.
For the last four years at Panmure Gordon, she headed up the natural resources team and has extensive experience in oil and gas transactions, advising companies on a range of strategic options and equity capital fund raisings and has led many capital markets and M&A transactions.
Ms Roe is also the chief financial officer of Wentworth Resources, an AIM-quoted and Oslo-Bors-listed oil and gas company with interests in Tanzania and Mozambique.
Faroe non-executive chairman John Bentley said: “As we continue our ongoing process of board refreshment, I am very pleased to welcome Katherine Roe.
“She has an extensive and impressive track record in advising companies in the oil and gas and other sectors on the full spectrum of capital markets and corporate governance matters, as well as the financial experience to take over the audit committee next year.
“I and the board very much look forward to working with Katherine as we continue to deliver on our strategy of building the leading pan-North Sea independent exploration and production company.”