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Preng & Associates Completes Search for a General Manger of Cedarburg Light & Water Utility

By News & Media

Cedarburg Light & Water Utility has formally appointed Ben D. Collins as General Manager.

The Preng & Associates Power and Utility team was instrumental in the placing of Mr. Collins.

Mr. Collins has spent the past 15 years in the power and utilities sector, most recently working at the Marquette Board of Light and Power as a Manager of Utility Planning and Projects. Mr. Collins led the growth of a Renewable Energy and Energy Efficiency business creating opportunities for customers to reach their green goals while also becoming more sustainable and lowering their total cost of doing business.

Mr. Collins has a B.S. in Electrical and Electronic Engineering specializing in power and energy systems from Michigan Technological University and an M.B.A. from Northern Michigan University.

Cedarburg Light & Water Utility is a non-profit public power utility. They are dedicate to meeting their customers’ needs while helping to make the community a better place to live and work. They are one of the country’s 2,200 public power systems – a utility owned by the community it serves. They exist to provide a public service to the residents and businesses of their community.

Source link: https://www.ci.cedarburg.wi.us/light-water-commission/agenda/light-water-commission-agenda-30

Preng & Associates Completes the Search for a Chief Risk Officer of PJM Interconnection, L.L.C.

By News & Media

PJM Interconnection today announced that it has appointed Carl F. Coscia, Ph.D., as Vice President and Chief Risk Officer. He will begin at PJM Sept. 28, 2022.

PJM - Home

Preng & Associates assisted in this search.

Coscia will report directly to PJM President and CEO Manu Asthana, and will have oversight from the Risk and Audit Committee of the PJM Board of Managers. “Risk Management is a critical function for PJM as an organization and for the protection of our members,” said Asthana. “Carl brings a wealth of risk management, market and regulatory experience to PJM that will serve us and our stakeholders well.” As a member of PJM’s Executive Team, Coscia will work closely with PJM’s CEO, other Executive Team members and the Risk and Audit Committee of the Board to coordinate PJM’s risk management operations, including credit risk, enterprise risk management, market surveillance and insurance.

Coscia has more than 20 years of experience in commodity and financial markets, most recently as Global Head of Risk Management for German-based energy company, EnBW, where his responsibilities included market risk, enterprise risk, credit risk, compliance and approval for all master trading agreements. He previously served as Chief Business Officer and Chief Risk Officer for Hartree Partners, LP. He also worked as Vice President of Federal Energy Policy for Constellation Energy, Director of Wholesale Power Fundamentals for TXU Wholesale Power Trading and Branch Chief for the Federal Energy Regulatory Commission’s Office of Enforcement. “I look forward to managing risk for an organization that is so vital to the lives of the 65 million people it serves,” Coscia said. “Risk management becomes more important each day in this evolving, dynamic industry that produces and delivers power and administers the markets for wholesale electricity.” Coscia holds a Ph.D. in economics from the University of Minnesota, as well as a Bachelor of Science in economics and a Bachelor of Arts in mathematics from the University of Kansas.

PJM Interconnection, founded in 1927, ensures the reliability of the high-voltage electric power system serving 65 million people in all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia and the District of Columbia. PJM coordinates and directs the operation of the region’s transmission grid, which includes over 85,103 miles of transmission lines; administers a competitive wholesale electricity market; and plans regional transmission expansion improvements to maintain grid reliability and relieve congestion. PJM’s regional grid and market operations produce annual savings of $3.2 billion to $4 billion. For the latest news about PJM, visit PJM Inside Lines at insidelines.pjm.com.

Source Link: https://www.pjm.com/-/media/about-pjm/newsroom/2022-releases/20220919-pjm-interconnection-appoints-carl-f-coscia-as-new-chief-risk-officer.ashx

Preng & Associates Completes the Search for a Board Director of 8 Rivers Capital LLC

By News & Media

Bob Dudley8 Rivers Capital LLC, a world-leading Net Zero Solutions provider, announced that Bob Dudley has joined the 8 Rivers Board. Bob Dudley held the position of CEO at BP from 2010 to 2020. Under Bob’s leadership, the global energy provider focused on the dual challenge of providing more energy with fewer greenhouse gas emissions. Bob had a distinguished career with BP and its predecessors spanning over 40 years, serving in a broad range of engineering, commercial, strategic, international, and executive roles. Bob is currently a member of the Board of Directors of Freeport-McMoRan, one of the world’s largest, publicly traded copper producers, the chemical company LyondellBasell, and chairs the international, industry-led Oil and Gas Climate Initiative.

Preng & Associates assisted in this search.

Bill Brown, Founder, Executive Chairperson and CTO of 8 Rivers commented “As long as I can remember, Bob was ahead of the curve in driving to Net Zero. He drove BP into areas such as solar, wind, hydrogen fuel cells, biofuels, carbon capture, and clean power—all cornerstones of the 8 Rivers platform. This is the sort of leadership that makes Bob uniquely capable to help guide 8 Rivers as it defines, executes, and delivers Net Zero solutions that the entire world can afford. Our goal is to expand the bottom lines of all end users while increasing their value as they demonstrate a commitment to sustainability.”

“We are thrilled to have someone with Bob’s background, knowledge and dedication to the energy transition join our Board.” Cam Hosie, 8 Rivers’ CEO and Board Member said. “Reaching Net Zero by 2050 is the most significant challenge facing the planet today, and the energy transition will be won or lost in the next decade. Bob brings the expertise required to achieve fast, sustainable change at global scale.”

Mr. Young Wook Lee, President of SK Inc. Materials welcomed Mr. Dudley’s involvement, saying “First of all, I would like to congratulate Mr. Dudley, a world-renowned energy expert, on his appointment to the board. With extensive experience and unmatched capabilities, he is undoubtedly a valuable addition to the CO2 reduction businesses promoted by 8 Rivers and SK Inc. Materials and he will greatly help expedite our goal for becoming leading global Net Zero solution company”

Bob Dudley commented “Few companies in the world have a Net Zero solution set as affordable and as broadly useful as 8 Rivers. Through its combined platform of technology and finance, 8 Rivers is uniquely positioned to help the planet meet its Net Zero goals—all at costs the entire world can afford. 8 Rivers has a fantastic team, and I am very pleased to be its newest member.”

ABOUT 8 RIVERS CAPITAL LLC 8 Rivers Capital, LLC is a Durham, NC-based firm leading the invention and commercialization of sustainable, infrastructure-scale technologies for the global energy transition. www.8Rivers.com.

Source Link: https://www.prnewswire.com/news-releases/8-rivers-capital-llc-appoints-bob-dudley-to-board-of-directors-301599579.html

Hurricane Energy Plc – Appointment Of Two Independent Non-Executive Directors

By News & Media

Board - KropzHurricane Energy plc (AIM: HUR), the UK based oil and gas company, is pleased to announce the appointment of Linda Janice Beal as an Independent Non-Executive Director, with immediate effect. Linda will chair the Audit and Risk Committee and become a member of the Remuneration Committee.

Philip Wolfe, Chairman of Hurricane, commented:

“We are delighted to welcome Linda to the board of Hurricane as an independent non-executive director. Her extensive experience as a tax partner at both PwC and Grant Thornton advising international E&P clients, coupled with her recent career serving as a director of listed small cap natural resources businesses will bring an immediate and meaningful contribution to the work of our Board as we make important financial and strategic decisions. In addition, her in-depth financial knowledge and governance expertise will be of great benefit as Audit and Risk Committee Chair.

“We ran an extensive and thorough search process managed by a leading sector-focused executive search firm, Preng & Associates, which covered a diverse range of really strong candidates. Linda was the standout candidate and we are very pleased that she has accepted our offer to join the Board. ”

 

Hurricane Energy plc (AIM: HUR), the UK based oil and gas company, is pleased to announce the appointment of Robin Andrew Allan as an Independent Non-Executive Director, effective from 1 July 2022. Robin will chair the Environmental, Social and Governance (ESG) Committee, and become a member of the Technical Committee. David Craik will step down as Chair of the ESG Committee but will remain a member. 

 Philip Wolfe, Chair of Hurricane, commented:

“Robin brings a wealth of industry technical, commercial and environmental experience to the board of Hurricane and I am pleased to welcome him as an Independent Non-Executive Director. His wide experience at executive level with Premier Oil, including as Director, North Sea and Exploration, and his role as Chairman of BRINDEX, the Association of British Independent Exploration Companies, will serve the Company well as it navigates the next phase of growth as we make important financial and strategic decisions.

Robin was one of a diverse range of strong candidates highlighted in the extensive and thorough search process managed by a leading sector-focused executive search firm, Preng & Associates. We are very pleased that he has accepted our offer to join the board.”

Source Link: https://ir.design-portfolio.co.uk/viewer/6/26069

Source Link: https://ir.design-portfolio.co.uk/viewer/6/26719

Preng & Associates Completes The Search For A Board Director For Primoris Services Corporation

By News & Media

Primoris Services CorporationMichael Ching, Director, Primoris Services Corporation, elected May 4, 2022. Preng & Associates Placement. (NASDAQ GS: PRIM) announced the results of the Company’s Annual Meeting of Stockholders held on May 4, 2022, at 9:00 a.m. Central time at the Company’s headquarters in Dallas, Texas.

At the meeting, stockholders approved the election of nine directors. The directors are: David L. King, Chairman, Primoris; Michael E. Ching, Global Head of Investment Research, Evaluserve; Stephen C. Cook, President and Principal Stockholder, Fieldstone Partners; Carla S. Mashinski, former Chief Financial Officer, Cameron LNG; Terry D. McCallister, former Chairman and Chief Executive Officer, WGL Holdings, Inc. and Washington Gas; Thomas E. McCormick, President and Chief Executive Officer of Primoris; Jose R. Rodriguez, former senior audit partner at KPMG LLP; John P. Schauerman, former Executive Vice President of Corporate Development, Primoris; and Patricia K. Wagner, former Group President of U.S. Utilities for Sempra Energy.

The stockholders also approved the ratification of the selection of Moss Adams LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2022.

Primoris Services Corporation’s 2022 Employee Stock Purchase Plan was also approved by stockholders and is in effect as of May 5, 2022.

David L. King, Chairman of the Board, said, “I want to thank our retiring board member, Robert Tinstman, whose industry experience and guidance have helped shape the path for Primoris. I also want to welcome our new board member, Michael Ching, whose career experience in both equities research and communications engineering complement our board’s existing strengths.”

“We thank our stockholders for their continued confidence in our strategy and management,” said Tom McCormick, President and Chief Executive Officer of Primoris. “We strive to earn that trust every day.”

Preng & Associates assisted in the Board search.

ABOUT PRIMORIS

Primoris Services Corporation is a leading specialty contractor providing critical infrastructure services to the utility, energy/renewables and pipeline services markets throughout the United States and Canada. The Company supports a diversified base of blue-chip customers with engineering, procurement, construction and maintenance services. A focus on multi-year master service agreements and an expanded presence in higher-margin, higher-growth markets such as utility-scale solar facility installations, renewable fuels, electrical transmission and distribution systems and communications infrastructure have also increased the Company’s potential for long-term growth. Additional information on Primoris is available at www.primoriscorp.com.

Source Link: https://ir.prim.com/news-and-events/news-releases/2022/05-04-2022-220029728

Preng & Associates Completes the Search for a Non-Executive Director of Trinity Exploration & Production

By News & Media

Board - Nostrum Oil & Gas PlcTrinity Exploration & Production plc (AIM: TRIN), the independent E&P company focused on Trinidad and Tobago, announces that, having served on the Board for over five years, David Segel is stepping down from his position as a Non-Executive Director of the Company.

David remains fully supportive of the Company’s long-term strategy and has worked closely with the Board to find a suitably qualified replacement. Following an extensive and thorough independent search process, the Company is delighted to announce the appointment of Kaat Van Hecke as an independent Non-Executive Director, replacing David, with immediate effect. Kaat will sit on the Audit and Remuneration Committees of the Board and will become the board member responsible for oversight of the HSSE function. Preng & Associates assisted in the search.

Kaat has over 25 years’ experience in the oil & gas industry and has a strong operations background, having started her career as a Production Engineer with ExxonMobil and Shell in Europe and Nigeria. As the Operations Planning Manager at Sakhalin Energy – in the far east of Russia – she played a key integration role in the start-up of the 450,000 boepd company. At OMV, Kaat led the first strategic review and new corporate planning cycle for Upstream to later become Senior Vice President Austria Upstream.

Kaat also has public company experience and currently holds independent Non-Executive Director roles at Nostrum Oil & Gas Plc and Glover Gas & Power B.V./ Axxela Limited. During Kaat’s tenure at Nostrum she spent nine months as Interim CEO in Kazakhstan whilst a permanent replacement was put in place.

David Segel commented:

“It has been an honour and privilege to serve on the board of Trinity for the past five years and as a shareholder I look forward to continuing to lend my support where appropriate. I would like to offer my best wishes to the Trinity team as they take the Company forward and deliver on their strategic plans.”

Nick Clayton, Non-Executive Chairman, commented:

“On behalf of the Company I am delighted to welcome Kaat to the team. Kaat has a strong operational and public company background, which will be a great asset as we focus on scaling our business. We would also like to place on record our thanks to David whose support has been instrumental in helping the Company to grow into the entity that it is today.”

Source Link: https://secureservercdn.net/198.71.233.83/f01.cc4.myftpupload.com/wp-content/uploads/2022/02/Trinity-Board_Appointment-22-02-22.pdf

Traverse City Light & Power Names Next Executive Director

By News & Media

Brandie Ekren

Traverse City Light & Power (TCLP) board members voted unanimously Friday on their top choice to lead the organization into the future, choosing Brandie Ekren – the current executive director of strategic planning and development for the Lansing Board of Water & Light – to serve as the utility’s next executive director. TCLP will now enter negotiations to finalize a contract with Ekren, who described herself as an innovative and “transformational” leader with a passion for the industry and a desire to work collaboratively to meet TLCP’s fiber, smart grid, and renewable energy goals.

After former TCLP Executive Director Tim Arends announced his resignation last summer after 31 years working for the City of Traverse City, utility board members hired firm Preng & Associates to lead a nationwide search for Arends’ successor. Board Chair Paul Heiberger says the job listing was viewed by nearly 4,000 potential applicants, with “several hundred” applying. Preng & Associates screened and narrowed that field down to approximately a dozen finalists, with an ad hoc committee of TCLP board members then choosing four candidates to invite for interviews this week. Along with Ekren, invited finalists included ITC Holdings Director of Customer & Business Solutions Walter Dorr of Novi, Marquette Board of Light and Power Manager of Utility Planning and Projects Ben Collins, and past TCLP Executive Director Jeffery Feldt, who recently retired as general manager and CEO of Kaukauna Utilities in Wisconsin.

TCLP’s job description stated that the city-owned utility was looking for a candidate with ideally 15-plus years of “progressively responsible experience” in the utility/energy/municipal field, eight years of management experience, and a required bachelor’s degree or equivalent experience, with a master’s degree preferred. “Critical” qualities and capabilities sought in an ideal candidate included a collaborative leadership style, a commitment to being a regional leader in clean energy, business acumen, communication skills, and honesty and integrity. Board members also said they were looking for a leader who would be “actively involved in the community.”

After a series of interviews that included a one-hour interview with the entire TCLP board as well as individual one-on-one interviews with board members, officials unanimously named Ekren their top choice. Before serving the last three years in her current role at Lansing Board of Water & Light, Ekren served as an associate attorney and then general counsel for the utility over the previous 15 years. She has a juris doctorate degree from Michigan State University College of Law and was named “Boss of the Year” in 2010 by NALS of Lansing, a legal professional association. Ekren has also been the recipient of an Athena leadership award and has served on the board of directors for the Kiwanis Club of Lansing and for the human services nonprofit Highfields. She told TCLP board members she was both an “energy enthusiast” and an “environmental enthusiast” who believes in the “essential” and “evolving” future of municipal utilities, internal and external collaboration, and educating and engaging residents so they are empowered to make better energy choices.

“As you know, renewable energy is getting cheaper and the innovation behind it is growing,” she said. “The real hurdle probably is reliability and being able to ensure you’re going to sustain that renewability. The objective is to keep moving forward and assessing…not being satisfied with the status quo.” Beyond carbon-based goals and diversifying fuel sources, Ekren said it was important to look at practices that impact “human behavior,” using technology like smart thermometers and energy-tracking phone apps to engage customers in better energy management. “If you can be an active role and participate in (technology), you are in charge of your own destiny,” she said. “To me, that is going to move us forward. It’s being educated.”

During the interview process, board members touched on multiple TCLP initiatives underway to prepare for the future, including the introduction of smart meters, time-of-use ratesfiber Internetsmart grid preparationselectric vehicle charging stations, and a commitment to use 100 percent renewable energy community-wide by 2040. When asked about hesitancies or concerns she had about meeting the renewable energy pledge, Ekren said a “fear of failure” was the biggest obstacle that held utilities back from tackling aggressive goals.

“One of the things I’ve learned (about Traverse City) is you want to keep moving forward,” she said. “I’m willing to be on the journey with you there.” Ekren said that continuing to press forward on energy goals – to keep trying – even if utilities stumble or fall short was critical. Though moving from Lansing to Traverse City is a step down in terms of utility size, Ekren said smaller utilities have the advantage of “agility” and being able to react quickly to industry opportunities and trends, saying she believed in having a “utility and service that’s going to be different in the next few years than it is today.”

Multiple board members cited Ekren’s enthusiasm for the industry, her legal and executive experience, and her interest in HR issues and professional development opportunities in their selection of her as TCLP’s next leader. City Manager Marty Colburn said she was a “well-rounded” candidate who is “looking to the future,” while board member John Taylor said she was “constantly pursuing betterment of those around her and herself professionally.”

Traverse City Mayor Pro Tem Amy Shamroe – who sits on the TCLP board – tells The Ticker Ekren was a “dynamic” candidate, calling her “forward-thinking, open to new ideas, and an innovator. She was the complete package.” Chair Heiberger agrees, commending utility staff and Preng & Associates for helping find Ekren and three other “high-caliber” finalists. “It was encouraging to have that level of interest and excitement in the position,” he says. “There was quick agreement around the room about Brandie being the top choice. She talked about listening to her staff, making sure she’s transparent, working well with the teams she has. She is in a great position to ask the right questions and learn what she needs to get rolling.”

To finalize the hire, the TCLP board ad hoc committee will meet on Monday to hammer out the terms of Ekren’s contract. The position had a listed salary range of $151,412 to $199,725. Heiberger says the committee will identify a proposed wage within that range, along with other terms, and forward the contract to Ekren for approval. Provided the parties come to an agreement, the entire TCLP board will vote to approve the final contract and Eckren’s start date at their February 8 meeting, according to TCLP Manager of Human Resources & Communications Kelli Schroeder. In the unusual event an agreement cannot be reached, TCLP board members selected finalist Jeffery Feldt as their second choice for the position.

Source Link: https://www.traverseticker.com/news/traverse-city-light-and-power-names-next-executive-director/

Traverse City Light & Power – Special Meeting – Discussion of Candidates

Source Link: https://www.tclp.org/Display/Board_Meetings

Jeffrey Stewart Chosen To Become Permanent Director Of Lafayette Utilities System

By News & Media

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Long-time Lafayette Utilities System employee Jeff Stewart has been appointed by Mayor-President Josh Guillory to lead LUS as its first permanent director in almost four years. Preng & Associates assisted in the search.

Stewart, an LSU grad who began his career at LUS as an electrical engineer in 2001, has been the utility’s engineering and power supply manager since 2014. In that role he has overseen 120 full-time employees and an annual budget of $240 million.

“For more than 20 years, Jeff has been a key part of the LUS team. His background, expertise, and proven leadership in the utilities and engineering fields are and have been an asset to LUS. He is well equipped to lead the department moving forward,” Guillory said in his announcement.

Stewart was a finalist for the position alongside James Jason Terry of the Kissimmee Utility Authority and Paul A. Jakubczak for the Fort Pierce Utilities Authority, both of Florida. Two additional applicants were previously removed from consideration after one withdrew and another was disqualified by LUS’s consulting engineer Burns & McDonnell.

Stewart, the only internal applicant, became the final candidate in the search to fill the LUS director role after Terry and Jakubczak withdrew their bids for what is the highest-paying job in Lafayette Consolidated Government.

The LUS director position pays around $250,000 a year, though that could change with Stewart’s appointment. He previously led LUS as interim director for over a year following the retirement of long-time Director Terry Huval in 2018.

Former Mayor-President Joel Robideaux replaced Stewart as interim director with former LCG CAO Lowell Duhon in October 2019. Duhon is retiring from LUS and LCG following Stewart’s appointment.

Guillory announced the decision Friday, which will have to be ratified by a vote of Lafayette’s City Council.

“I am honored to serve the Lafayette community and proud to represent our employees. LUS has been a vital part of Lafayette’s vibrant and successful history and for 125 years has provided the highest quality electric, water, and wastewater services,” said Stewart, who lives in Lafayette with his wife and daughter.

“My goal is to continue that legacy of excellence for decades to come. The industry is changing and we face big challenges ahead. I am prepared to turn those into opportunities.”

Since leaving the interim director position, Stewart has led the development of LUS’s vision for the future of its energy supply chain and helped launch the system’s first online power outage map and notification system.

Stewart spearheaded the two-year process to develop LUS’s integrated resource plan, which mapped the utility’s long-term needs for power generation and weighed the likely retirement of its coal-fired power plant near Alexandria in the coming years.

City Council Chair Nanette Cook said Friday she is “extremely happy” with Guillory’s choice of Stewart for the utility’s top job.

“Jeff has been a loyal employee of LUS for about 20 years. And, he has been a tax paying member of our community for some time as well. I respect his love of LUS and Lafayette,” Cook said.

Councilman Andy Naquin also pointed to Stewart’s decades of experience at LUS as a benefit to the city-owned utility.

“His experience of our local utilities system and background give us the benefit of someone who can step in and run the business of LUS,” Naquin said. “I do not foresee any issues with his qualifications.”

Source Link: https://www.theadvertiser.com/story/news/local/2022/02/04/long-time-lafayette-utilities-employee-appointed-lus-director-jeff-stewart/6664602001/https://www.publicpower.org/periodical/article/jeffrey-stewart-chosen-become-permanent-director-lafayette-utilities-system

Preng & Associates completes the search for two Independent Directors of IGas Energy Plc.

By News & Media

IGas Energy PLC (LON: IGAS) announced the appointment of Chris Hopkinson to its Board as Independent Non-Executive Director with immediate effect. Chris would take over the role of Non-Executive Chairman from Cuth McDowell who has notified the Board of his intention to step down from the Board later this year. “I am delighted to welcome Chris to the Board. Chris has a tremendous amount of highly relevant experience and I am in no doubt that he will make a strong contribution to IGas as we move forward,” said Interim Board Chairman, Cuth McDowell. Chris will also join the audit, nominations, and remuneration committees.

About Chris Hopkinson

Chris Hopkinson is currently the Non-executive Chairman of Enwell Energy an AIM-quoted oil and gas exploration and production group and founder of Astra Resources Management advising utility-scale PPP Solar projects. Chris Hopkinson began his career with Shell International, followed by technical and management roles with Yukos and Lukoil Overseas, before becoming CEO of Imperial Energy Group up until its acquisition by ONGC in 2009. He was then Vice-President Western Siberia for TNK-BP, Senior Vice-President North Africa for BG Group, CEO of International Petroleum Limited, and COO for JSC National Company KazMunayGas. Chris Hopkinson said: “I am excited to be joining IGas and helping to support the team in driving the business forward to create future shareholder value through its existing cash-generative assets and its bold energy transition strategy.” Chris holds a BSc Honours degree in Applied Physics from St Andrews University.

IGas Energy PLC (LON: IGAS) announced the appointment of Kate Coppinger to its Board as an Independent Non-executive Director with immediate effect. “I am delighted to welcome Kate to the Board. Kate brings Board-level expertise drawing on over 20 years advising energy companies on M&A and strategy.” said Interim Non-executive Chairman Cuth McDowell. Kate will also join the audit and remuneration committees.

About Kate Coppinger

Kate Coppinger is currently Non-executive Director at Serica Energy plc, an AIM-listed, independent UK natural gas producer. Kate initially worked for CIBC World Markets as a research analyst before joining Harrison Lovegrove in 2000 where she moved into transaction execution. Following the acquisition of Harrison Lovegrove by Standard Chartered Bank in September 2007, Kate continued in oil and gas M&A transactions. In 2014, she was appointed Managing Director, Oil & Gas Corporate Finance, where she was responsible for origination and execution of transactions for European clients, a position she held until leaving Standard Chartered Bank in 2020. Kate Coppinger commented: “As the E&P industry enters a new phase, I am impressed by the strategic steps IGas has already taken to diversify into low-carbon technologies leveraging its existing skillsets, infrastructure, and assets, whilst continuing to safely and responsibly deliver indigenous supply of oil and gas.”

Preng & Associates assisted IGas Energy PLC in the search for an Independent Board Director and a Chairman of the Board.

Source Link: https://talent4boards.com/igas-energy-welcomes-chris-hopkinson-to-its-board-as-non-executive-director-and-next-chairman/

Source Link: https://talent4boards.com/igas-energy-welcomes-kate-coppinger-to-its-board-as-independent-director/

Preng & Associates Completes The Search For A Board Director For VAALCO Energy, Inc.

By News & Media

Fabrice Nze-Bekale 2021 Speaker - AFSIC 2022 - Investing in AfricaVAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO” or the “Company”) today announced that Fabrice Nze-Bekale was appointed as a new independent director to the Company’s Board of Directors. Mr. Nze-Bekale will serve on the Audit, Compensation, Strategic and Nominating and Corporate Governance Committees. He will stand for election at the Company’s next annual meeting of stockholders. Additionally, Bradley Radoff has resigned from the Board of Directors effective January 28, 2022.

Preng & Associates assisted in the search. “We had great pleasure in working with VAALCO Energy to appoint Fabrice Nze-Bekale to their board of directors,” said Lead Search Consultant, Jozsef Marton. “The energy sector in #Africa is going through a period of great #transformation. It is important that companies operating in the region understand the local environments they are doing business in. Born in Gabon, Fabrice will bring hands on knowledge of growing businesses both in country and across Africa giving VAALCO increased capability to grow their operations responsibly in Gabon and beyond.”

 

Andrew L. Fawthrop, VAALCO’s Chairman of the Board commented, “We believe that Fabrice will bring a unique perspective to our Board with his significant Board and senior management experience in mining and banking in West Africa that will help support VAALCO in achieving our strategic goals. He has built an extensive network of connections in the U. K. and particularly in Gabon, and has developed a keen understanding of doing business in the region. We also want to recognize Brad Radoff for his service on VAALCO’s Board and we would like to thank him for his insight, expertise and dedication during his tenure. We are excited about the future for VAALCO with the continued development of our interests in offshore Gabon, upside opportunities in Equatorial Guinea and the potential to integrate accretive acquisitions aimed at further strengthening VAALCO and growing shareholder value.”

Fabrice Nze-Bekale has over 25 years of experience in mining, banking, telecoms, M&A and international finance. Mr. Nze-Bekale has served on numerous boards and as a senior executive across his career. He currently serves as an independent director on the Board of Orabank Gabon, where he is also the Chairman of the Audit Committee and serves on the Risk Committee. From 2012 to 2020, he was a member of the Board of the Fonds Gabonais D’Investissements Strategiques, Gabon’s sovereign wealth fund. He has also served on the Boards of several Gabonese mining companies.

Mr. Nze-Bekale has been Chief Executive Officer of ACT Afrique based in Dakar, Senegal since 2017, providing strategic advisory and investment banking expertise to governments as well as to public and private entities in West Africa. Prior to joining ACT Afrique, from 2012 to 2017, he served as Chief Executive Officer of Societe Equatoriale Des Mines, the national mining company in Gabon, which he helped create to manage Gabon’s investments in the sector. Prior to that, he was Director of Investment Banking for Standard Bank PLC based in London from 2008 to 2011 and Finance Manager for Celtel International from 2005 to 2008. Fabrice began his career at Citibank Gabon, where he rose to become the Head of Corporate Banking. Mr. Nze-Bekale is a Gabonese national and holds a Masters degree in Finance and Financial Engineering from the University of Paris-Dauphine (France) with an MBA from the London Business School (UK).

View source version on vaalco.com: https://www.vaalco.com/investors/news-events/press-releases/detail/321/vaalco-energy-announces-changes-to-its-board-of-directors