Andalas Energy and Power appoints Dr Robert Arnott as new Non-Executive Chairman

– ISLE OF MAN, Douglas – Andalas Energy and Power plc (AIM: ADL), the AIM listed upstream oil and gas and energy company, announces that David Whitby will retire from his role as Chairman and Director of the Company and that Dr Robert Arnott, currently a Non-Executive Director, will step up to the role of Non-Executive Chairman.  The changes are with immediate effect.

Commenting, Dr Arnott, the Company’s new Chairman, said “With renewed focus on upstream opportunities and with the addition of the Badger prospect, in the UK North Sea, to our portfolio, I was pleased to become non-executive chairman as we enter a new chapter of the Company under the leadership of Simon Gorringe.  I look forward to assisting the team as it executes its strategy to build a broader portfolio that can deliver in the short, medium and longer term, whilst in parallel seeking to realise value from its existing Indonesian IPP opportunity.

“On behalf of the board, I would like to extend our thanks to David for his service to the Company, he brought passion for Indonesia to Andalas and we wish him well in his future endeavours.”

David Whitby, outgoing Chairman, said “I am proud of what the team has achieved in Indonesia, whilst the Company has not done enough to show the market that the foundations built over the past few years will generate shareholder value, I am confident that I leave the Company full of opportunity.  I wish the team and shareholders all the best as Andalas executes its new focused strategy, which has the potential to make 2018 a significant and exciting year for all involved.”

For more information : https://www.andalasenergy.co.uk

- DisclaimerNews, data, and statements included in this release are intended exclusively for general information purposes. Talent4Boards does not guarantee that news is accurate or about the correct person and accepts neither liability for the consequences of the reader’s reliance, nor responsibility for the accuracy of the information. Nothing in this release should be considered for decisions about referred securities. Products and brand names may be trademarks or registered trademarks of their respective owners.