– UK, London – Ascent Resources Plc (LON: AST) the onshore Caribbean, Hispanic American and European energy and natural resources company, today announced the appointments to its Board effective from 1 October 2020 of Stephen Birrell as an Independent Non-Executive Director, and Malcolm Graham-Wood as a Non-Executive Director.
Following the appointment of Messrs Birrell and Graham-Wood the Board will comprise of three non-executive directors and two executive directors and have a strong component of independent Directors consistent with the requirements of the Quoted Companies Alliance Corporate Governance Code 2018.
“I am delighted to welcome Leonardo Salvadori to the executive team and both Malcolm Graham-Wood and Stephen Birrell to the Board.” said Board Chairman, James Parsons.
He added: “We are positioning Ascent as an advantaged platform for countercyclical acquisitive growth, taking advantage of the recent market turmoil. We believe Cuba, together with the other Special Situations we are actively assessing, will provide the unique ingredients for a highly material growth trajectory across oil, gas and mining as the cycle continues to turn.”
Leonardo Salvadori, Non-Executive Director, will be assuming the part-time role of Technical Director from 1st October 2020, leading the Company’s technical work across both Cuba and Slovenia. Mr Salvadori will, therefore, become an executive of the Company, relinquishing his Non-Executive duties and stepping down from the Board, effective 1st October 2020.
About Stephen Birrell
Stephen is a, Spanish speaking, geoscientist who has worked in the upstream oil and gas industry for over 35 years with a deep focus on Central Eastern Europe. He has operated across multiple jurisdictions including the Caribbean and CEE with Britoil, BP and Elf. He is currently a Director of Ossian Energy Ltd and the President of ROPEPCA, the upstream oil and gas operator association of Romania. Stephen has a BSc Honours in Applied Geology.
About Malcolm Graham-Wood
Malcolm Graham-Wood will also be joining the Board as a Non-Executive Director of the Company with effect from 1 October 2020. Malcolm has over 40 years’ experience in the energy business and is a well known corporate broker and market commentator to both private and institutional audiences. Malcolm is a Founding Partner of HydroCarbon Capital which provides independent advisory services to the oil & gas sector and is also a Director of the Maven Income and Growth VCT 4 PLC, a venture capital trust listed on the premium sector of the London Stock Exchange where he chairs the risk committee.
For more information: https://www.ascentresources.co.uk
- Disclaimer - News, 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.