– UK, London – Cabot Energy plc (LON:CAB), the AIM quoted oil and gas company creating predictable production growth in Canada balanced with high impact exploration in Italy, announces the appointment of Rachel Maguire as an Independent Non-Executive Director with immediate effect. Rachel will be a member of the Remuneration, Nomination and Audit Committees.
Rachel Maguire is an entrepreneur who is the founder and CEO of Arko Iris, a business consultancy advising organisations on best practice in stakeholder engagement, corporate governance and corporate responsibility. She is a seasoned professional who brings with her over 20 years’ experience of The City and capital markets. Previous roles include senior management positions at London Stock Exchange including Head of UK Business Development and Head of AIM (UK). Rachel’s client experience includes FTSE 250 companies and global companies including Spectris, internationally-based MHP S.E and Euroclear. Rachel is also an independent trustee at the National Paralympic Heritage Trust where she chairs the Finance & Development Committee. Rachel is a member of the Chartered Institute of Taxation.
On her appointment, Rachel Maguire said: “I am delighted to support the new management team and the Board on their commitment to strengthening stakeholder communication and engagement. The Management’s strategy and focus, to unlock the inherent value in the Company’s assets, aimed at delivering predictable production growth with potential high impact exploration upside, means that this is a wonderful time to be joining and helping the Company through this exciting phase of development.”
James Dewar, Independent Interim Chairman of Cabot Energy, said: “We are very pleased that Rachel has agreed to join the Board. Rachel is an expert in the field of investor relations, public company reporting and corporate governance, so she brings a skill set that will complement and supplement the existing Board. We all look forward to working with Rachel.”
In accordance with the terms of the Company’s relationship agreement with High Power Petroleum LLC dated 19 December 2017, High Power Petroleum LLC agreed that there will always be a majority of non-connected directors on the Board of the Company. In June 2018, the Company received a waiver pending new Board member additions, which now ends with the appointment of Rachel Maguire. In addition to the appointment of Rachel Maguire, the Company intends to appoint a permanent independent non-executive Chairman.
Cabot Energy (LON:CAB), is an oil and gas company creating predictable production growth in Canada balanced with high impact exploration in Italy.
For more information : http://www.cabot-energy.com
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