TIDMGAS
RNS Number : 5155I
Gasol plc
26 July 2012
Gasol plc
('Gasol' or the 'Company')
New Chairman and Directorate change
Gasol (AIM: GAS), the West Africa energy development company,
announces that Cornelia Meyer, a highly experienced energy expert,
has been appointed as Chairman of the Company to lead the next
stage in Gasol's development.
Ms. Meyer, whose appointment takes effect on 1 August 2012,
brings significant sector-specific and international experience to
Gasol, having held senior roles with Kimberly Clark Corporation, BP
plc, the General Electric Corporation and Citibank.
Haresh Kanabar, who co-founded Gasol and served as its Chairman
since 2009, will become a Non-Executive Director.
Separately, Osman Shahenshah will also step down as a
Non-Executive Director of the Company with immediate effect.
Commenting on Ms. Meyer's appointment, Mr. Kanabar, said: "Our
strategy of developing gas reserves in the Gulf of Guinea and
supplying this gas to power projects in West Africa is reaching a
pivotal stage. Cornelia's very significant expertise in development
economics, finance and geopolitics in the energy sector will prove
invaluable during the future growth of the Company."
Mr. Kanabar continued: "During his six year tenure on the Board,
Osman has proved invaluable to the Company and we are grateful to
him for devoting his significant expertise and efforts to the
business over the years. Afren remains a supportive shareholder in
Gasol, giving us great confidence in the future of the
business."
Paul Biggs, Gasol's Senior Independent Director, said: "Haresh,
a co-founder of Gasol, has been a great asset to the Company during
his tenure as Chairman of the Board. We are grateful to him for his
guidance, support, insight and expertise over the years and look
forward to his on-going counsel as a Non-Executive Director."
- Ends -
Further details of Ms. Meyer's career history are provided
below.
Enquiries
Gasol plc
Alan Buxton, Chief Operating Officer +44 (0) 20 7290 3300
Panmure Gordon (UK) Limited
Dominic Morley (Corporate Finance)
Callum Stewart (Corporate Finance)
Adam Pollock (Corporate Broking) +44 (0) 20 7459 3600
Pelham Bell Pottinger
Olly Scott +44 (0) 20 7861 3891
Other than the information in relation to the appointment set
below. There is no information to be disclosed pursuant to Rule 17
and Paragraph (g) of Schedule 2 of the AIM Rules for Companies.
i) Name
Cornelia Judith Hedwig Meyer (Age 53)
ii) Current directorships and partnerships
-- MRL Corporation Limited (2010 - present)
iii) Previous directorships and partnerships
-- KADI A.G. Langenthal , Switzerland (2006 - 2008)
Notes to Editors
Cornelia Meyer
A macro-economist by training, Cornelia Meyer has wide ranging
worldwide expertise in the energy, banking and manufacturing
sectors.
Her career began in 1990 at UBS in Tokyo, following her PhD
studies at the University of Tokyo. At UBS she focused on
regulatory affairs risk management, working on financial
deregulation with the Bank of Japan and the country's Ministry of
Finance. She was, concurrently, an advisor to the Hon. Yoshiro
Mori, Minister for International Trade and Industry.
More recently she has acted for a range of major corporations as
an independent energy expert and management consultant, including
the Kimberly Clark Corporation for which she held global
responsibilities for M&A, divestments, market intelligence and
in-licensing.
Between 2002 and 2006 she held a number of senior roles at BP in
E&P strategy and planning; special projects in Russia and
Kazakhstan; and as an M&A director responsible for BP's
disposal programme and its investments in gas, power and
renewables.
From 1998 to 2001 she held M&A responsibility for GE's Power
Systems business in the Asia Pacific region, having joined GE
Capital Europe as a director of its structured finance group.
In 1995 she joined Citibank in London, having spent three years
with the Asian Development Bank as an economist, where she advised
on a range of energy and finance related matters for countries in
the Indian sub-continent. At Citibank she held advisory and
financing responsibility for joint ventures, acquisitions and
disposals, with global responsibility for transactions originating
in Europe, the Middle East, Africa and the Indian
sub-continent.
Cornelia's specialist knowledge and experience of geopolitics,
economics, M&A, strategy, government relations and country risk
have led to her holding a number of senior external
appointments.
She was a Trustee of the Royal United Services Institute,
Europe's pre-eminent think-tank of defense and security and led the
economic part of an influential track two mechanism for Middle East
security. She is currently a Trustee of the Swiss Cultural Fund in
Britain and a member of the World Economic Forum's Global Agenda
Council on Energy Security.
Cornelia holds a bachelor's degree in Business Administration
and a master's in Economics and International Relations from St.
Gall University and was further educated at Zurich University, the
London School of Economics and Tokyo University. Cornelia speaks
seven European and Asian languages.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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