Lamprell announces James Dewar to its Board as Non-Executive Director

– UAE, Dubai – Lamprell PLC (LSE:LAM), announces the appointment of James Dewar in the role of Non-Executive Director for the Company. Mr Dewar will join the Board with effect from 1 November 2017.

The composition of the Board Committees will be amended in light of this appointment with Mr Dewar to be appointed as a member of both the Audit & Risk Committee and the Remuneration & Development Committee.

John Malcolm, Chairman, Lamprell, said: “I am pleased to announce that Mr Dewar has agreed to join us as a Non-executive Director as this will strengthen the Board further. He brings many years of experience in the global energy industry, in both executive and non-executive roles, and his knowledge of developing group strategy and supporting the business and finance functions at the board level will complement the current expertise on the Board.”

About James Dewar

James Dewar, 60, spent nearly 30 years working in the oil and gas industry, many of them in senior executive roles notably in business CFO roles and as VP Transformation and VP Global Financial Systems for BP. He also served as Group CFO for Dana Gas PJSC, a company listed on the Abu Dhabi Stock Exchange.

Mr Dewar retired from executive roles at the end of 2011 to take up advisory and non-executive positions in companies operating in key jurisdictions for the energy sector. These included PICO Petroleum Corporation and Cheiron Petroleum in Egypt, Equus Petroleum PLC, in London and Kazakhstan, and Viking International, headquartered in the UAE. He has provided these companies, and others, with the benefit of his industry experience and advice including acting in many cases as the chair of their audit committees, driving world class corporate governance at board committee level.

Mr Dewar has a Bachelor’s degree in Accountancy & Marketing from Strathclyde University and is a member of the Institute of Chartered Accountants of Scotland.

About Lamprell PLC

Lamprell PLC, based in the United Arab Emirates and with over 40 years’ experience, is a leading provider of fabrication, engineering and contracting services to the offshore and onshore oil & gas and renewable energy industries. The Group has established leading market positions in the fabrication of shallow-water drilling jackup rigs, liftboats, land rigs, and rig refurbishment projects, and it also has an international reputation for building complex offshore and onshore process modules and fixed platforms.

Lamprell employs more than 5,000 people across multiple facilities, with its primary facilities located in Hamriyah, Sharjah and Jebel Ali, all of which are in the UAE. In addition, the Group has facilities in Saudi Arabia (through a joint venture agreement). Combined, the Group’s facilities cover approximately 828,000 m2 with 1.9 km of quayside.

Lamprell is listed on the London Stock Exchange (symbol “LAM”).

For more information : http://www.lamprell.com

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