EnQuest PLC: Directorate Change
EnQuest PLC ("EnQuest") today announces that pursuant to its strategy to develop further its infrastructure and new energy opportunities alongside its core upstream and decommissioning businesses, and in line with the related Board renewal process, Howard Paver, Carl Hughes and John Winterman will be leaving the Board at the conclusion of the Annual General Meeting on 5 June 2023.
Gareth Penny, Chair of EnQuest said:
On behalf of the Board, I would like to thank Howard, Carl and John for their considerable contribution to EnQuest over many years. Howard has discharged his role of Director with sensitivity and diligence and, as Senior Independent Director, he took responsibility for the appointment of the new Board Chair last year and has served on a number of Board Committees with distinction.
Carl has been with us since January 2017 and we have benefited greatly from his wisdom and insight in relation to financial, audit and other matters.
John has deep industry expertise and has challenged and supported management in reviewing opportunities and decision making on a wide range of technical and subsurface matters.
Each of these Directors has focused on delivering value to shareholders and upholding the interests of all our stakeholders. The Company thanks them for their service and looks forward to opportunities to work with them in the future."
For further information please contact:
Tel: +44 (0)20 7925 4900
Amjad Bseisu (Chief Executive)
Salman Malik (Chief Financial Officer)
Ian Wood (Head of Communications & Investor Relations)
Craig Baxter (Senior Investor Relations & Communications Manager)
Tel: +44 (0)20 7353 4200
Notes to editors
EnQuest is providing creative solutions through the energy transition. As an independent energy company with operations in the UK North Sea and Malaysia, the Group's strategic vision is to be the partner of choice for the responsible management of existing energy assets, applying its core capabilities to create value through the transition.
EnQuest PLC trades on both the London Stock Exchange and the NASDAQ OMX Stockholm.
Please visit our website www.enquest.com for more information on our global operations.
Forward-looking statements: This announcement may contain certain forward-looking statements with respect to EnQuest's expectations and plans, strategy, management's objectives, future performance, production, reserves, costs, revenues and other trend information. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. The statements have been made with reference to forecast price changes, economic conditions and the current regulatory environment. Nothing in this announcement should be construed as a profit forecast. Past share performance cannot be relied upon as a guide to future performance.
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