Songa Offshore SE : Songa Offshore SE : Michael Mannering nominated as new
Songa Offshore SE's (OSE: SONG) Board announced today its nomination
committee's proposal for the board of directors of Songa Offshore SE, to be
elected on the company's AGM on June 6^th 2013 in Limassol, Cyprus. Mr.
Michael Mannering, President of the Rig Management Group at Schlumberger, is
nominated as a new Director and Chairman of the board. He will succeed Mr.
Jens A. Wilhelmsen, who wishes to step down in order to again focus his time
on his private equity investment companies.
Current directors Mr. Steven James McTiernan and Mr. Arnaud Bobillier, who
were both co-opted as new Directors in January are up for election.
Additionally, the Committee has nominated Mr. Frederik Wilhelm Mohn as new
The new Chairman, Mike Mannering (60) has over 30 years experience in the
energy industry. From 2008, Mannering has been President of Rig Management at
Schlumberger and is currently responsible for rigs contracted by IPM and for
the Schlumberger equity participation in Schlumberger rig joint ventures. He
is Chairman of Saxon Energy Services, a Canadian based international drilling
contractor with 95 land rigs, and sits on the board of Schlumberger Oilfield
Mannering joined Schlumberger's drilling contracting organization, Sedco
Forex, in 1985 where he went on to take various managerial responsibilities
including the overall responsibility for the land and offshore fleet in the
Middle East and S.E. Asia. In 1999 he became Managing Director for
Schlumberger Oilfield Services UK with responsibility for all of
Schlumberger's N. Sea Operations,
Mannering is a mechanical engineer with first class Honors from Southampton
It has been a priority to compose a board with adequate strategic, operational
and industry experience to lead Songa through its next phase. The proposed
nominations are supported by Songa's two largest shareholders, Perestroika AS
and Spencer Energy AS. Mike Mannering, together with Arnaud Bobillier and
Steven McTiernan, will bring extensive and relevant operational and financial
experience to the existing board, says outgoing Chairman Jens A. Wilhelmsen.
For further information, please contact Jens A. Wilhelmsen +357 2520 7700 or
+357 9764 9126
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act)
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information contained therein.
Source: Songa Offshore SE via Thomson Reuters ONE
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