– UK, London – Corcel Plc (LON: CRCL), the Angolan-focused exploration and production company, today announced the appointments of Geraldine Geraldo, Pradeep Kabra, and Andrew Fairclough to its Board of Directors, and the upcoming appointments of Jennifer Ayers and Deepak Kabra subject to regulatory checks.
The company also announced that Mr. Ainsworth will step down from the Board with immediate effect.
Geraldine Geraldo, the MD Angola and CCO, joined the Board with immediate effect as an Executive Director, bringing a legal and business development background, with over 15 years of experience in the oil and gas sector.
About Pradeep Kabra
Pradeep Kabra joins the Company with immediate effect as a Non-Executive Director. Mr. Kabra brings over 35 years of oil and gas experience in nearly all facets of the upstream oil and gas sector. Mr. Kabra currently serves as the MD of Ojas Consulting SA, based in Geneva, providing oil and gas technical, strategic, financial, and investment banking services across Asia, Africa, and the Middle East. Previously he was the CEO and Director of ShaMaran Petroleum Corporation, listed on the Nasdaq and several other markets, which conducted oil exploration and development helping open up the Kurdistan region of Iraq. Before this, he held various positions in the industry with Addax Petroleum, Petro Canada, and Lundin Oil.
About Andrew Fairclough
Andrew Fairclough joins the Company with immediate effect as an Independent Non-Executive Director. Mr. Fairclough brings over 28 years of finance and oil and gas experience, including most recently being the CFO of Serinus Energy plc, an AIM and WSE listed oil and gas production company with assets in Tunisia and Romania and before that CFO of Whalsay Energy Limited, a UKCS oil and gas appraisal and development company. Before this, Mr. Fairclough was an investment banker with extensive experience in M&A and capital markets, predominantly at Flemings, Rothschild, and Merrill Lynch.
About Jennifer Ayers
Jennifer Ayers, the Company’s CTO, will join the board in due course. Ms. Ayers has over 25 years of experience in the oil and gas sector, having trained as a geologist, and then held senior positions at CNOOC, Chevron, and TotalEnergies, having also spent time at Netherland, Sewell & Associates focusing on audit reserve bookings. Ms. Ayers will join the Board as CTO and currently serves as a consultant until due diligence is completed.
About Deepak Kohli
Deepak Kohli, a Non-Executive Director, will join the Board in due course as a Non-Executive. Mr. Kohli is the CEO of Faber Capital, based in Dubai, which is active in M&A advisory, capital restructuring, capital raising, and asset management in the oil and gas and other sectors. Before this, Mr. Kohli served as the Global Head of Debt Capital Markets at Standard Chartered Bank. He brings deep experience in corporate finance and capital markets and a background in audit and accounting.
For more information: https://www.corcelplc.com/
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