Lamprell plc LAM Directorate Changes

  Lamprell plc (LAM) - Directorate Changes

RNS Number : 4280F
Lamprell plc
15 June 2012
 



                                       

15 June 2012

 

                                 LAMPRELL PLC

                        ("Lamprell" or "the Company")

                                       

                             DIRECTORATE CHANGES

 

Further to the  announcement made on  7 June 2012,  Lamprell (ticker: LAM),  a 
leading provider  of  specialised  engineering services  to  the  onshore  and 
offshore oil &  gas and renewables  industry, is pleased  to announce that  Mr 
John Kennedy has been appointed  to the Board of  Directors of the Company  as 
non-executive Chairman with immediate effect.

 

John Kennedy, a highly experienced engineer,  has spent most of his  executive 
career in the oil field services sector. He started his career in Schlumberger
and then moved to Halliburton where  he ultimately held the role of  Executive 
Vice President. From 2003 to 2011 John held the position of Executive Chairman
of Wellstream Holdings Plc, a FTSE  250 plc, until its successful  acquisition 
by GE. In  addition, he holds  a number  of Non-Executive roles  in large  and 
small, private and listed companies, including CRH Plc.

 

Brian Fredrick resigned as a director of the Company with effect from 14  June 
2012. The Company would like to  thank Brian for the significant  contribution 
that he has made since he joined the Board in January 2009.

 

Commenting on the changes Nigel McCue, CEO, Lamprell, said:

 

"John brings to the Board a wealth of experience drawn from many years in  the 
sector at an important time for the Company. We are delighted he has  accepted 
the position of non-executive Chairman. 

 

I would like  to thank Brian  for his significant  contribution over the  past 
three years."

 

Commenting on his appointment John Kennedy, Non- Executive Chairman, Lamprell,
said:

 

"I look forward to the opportunity to  work with the Lamprell team at what  is 
such an important time for  the company. This is  a great opportunity to  help 
take Lamprell to the next stage in its development."

 

                                    -ends-

 

Enquiries:                             

Lamprell plc                             +44 (0) 207 920 2347
Nigel McCue, Chief Executive Officer

Jonathan Cooper, Chief Financial Officer
M:Communications, London
Patrick d'Ancona                         +44 (0) 207 920 2347
Andrew Benbow                            +44 (0) 207 920 2344

 

In accordance with the UK Listing  Rules, the Company confirms that there  are 
no further details that are required to be disclosed under paragraph LR 9.6.13
R of the UK Listing Rules in respect of John Kennedy other than as follows:

 

Current Directorships

CRH Plc

Welltec A/S

Maxwell Drummond International Ltd

Bifold Fluidpower Ltd

Hydrasun Holdings Ltd

Integra Group

 

Past Directorships (previous 5 years)

Topaz Energy and Marine Plc

Wellstream Holdings Plc

UK Atomic Energy Agency

 

 

Notes to editors

Lamprell, based  in the  United  Arab Emirates  ("UAE"), and  with  operations 
throughout the region, has played a  prominent role in the development of  the 
offshore industry in the Arabian  Gulf for over 30  years and is the  regional 
market leader in the rig market. Lamprell is a leading provider of diversified
engineering and contracting services to the onshore and offshore oil & gas and
renewable energy industries.

 

Lamprell employs  approximately  12,000  people,  including  contract  labour, 
across six  facilities,  with  its primary  facilities  located  in  Hamriyah, 
Sharjah and Jebel Ali, all of which are in the UAE. In addition, the Group has
facilities in Saudi Arabia (through a JV agreement) and Kuwait. Combined,  the 
Group's facilities provide  a total area  of over  925,000 m² with  2.2 km  of 
quayside.

 

Oil & Gas

 

·     New build offshore

·     Rig refurbishment

·     Engineering & Construction

·     Land rig services

 

Renewable Energy

 

·     Wind farm installation vessels

·     Transformer stations

·     Foundations

·     Jackets, topsides and substructures 

 

Services

 

·     Engineering services

·     INSPEC (NDT and calibration services)

·     Sunbelt H2S safety services

·     Operations & Maintenance

 

www.lamprell.com

                     This information is provided by RNS
           The company news service from the London Stock Exchange
 
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BOAUSAWRUUANAAR -0- Jun/15/2012 06:00 GMT