Dublin-based oil and gas explorer Providence Resources today revealed a shuffle of its board.
Pat Plunkett, who has more than 30 years’ experience in the financial services sector and spent over a decade at Tullow Oil, joins the company as non-executive chairman on October 1.
Mr Plunkett replaces James McCarthy, who will stay on as a non-executive director at the London-listed company, which is the operator of the Barryroe oil field in the Celtic Sea.
And Phil Nolan, who has served as a non-executive director at Providence since 2004, has retired from the board due to other business commitments.
Providence chief executive Tony O’Reilly said: “On behalf of the whole team at Providence, I’d like to extend our sincere thanks to James, who has helped guide the company through a very difficult period from late 2015 through mid-2016, which culminated in the very successful re-capitalisation of the business in July 2016.
“The board is pleased that James has agreed to remain as a non-executive director and that we will have continued access to his valuable counsel. I’d also like to express our great appreciation to Phil Nolan for the significant contribution he has made to the Board during his tenure.
“The board is delighted that Pat has agreed to join us at a very exciting stage of our corporate development. Pat requires no introduction in the E&P sector and we very much look forward to benefitting from the extensive knowledge and experience that he will offer as we move forward with our very exciting programme offshore Ireland.”
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