– UK – Northern (AIM: NOP) is pleased to announce that Iain Lanaghan has been appointed as a non-executive director of the Company. Iain is an experienced public company director whose most recent position in the exploration and production industry was with AIM quoted Faroe Petroleum plc (“Faroe”). Iain was Finance Director of Faroe for four years between 2009 and 2013 where he led the finance function during a period of significant growth and development. With this appointment Northern has completed the restructuring of its board which now comprises of three executive and three non-executive directors with a broad range of expertise and experience.
Iain has extensive experience across the upstream oil and gas and transport sectors. As a qualified accountant Iain has managed the finance functions of both public and private companies in the UK and Europe. Iain’s career has included the positions of Group Finance Director of FTSE250 FirstGroup plc, Group Finance Director of oilfield services business Atlantic Power Group Ltd, and CFO of Abellio GmbH a private equity backed German public transport company. He is a founder and non-executive chairman of MET (Metropolitan European Transport) plc.
Iain holds an MA in Economics and Accounting from the University of Edinburgh and is a member of the Institute of Chartered Accountants of Scotland.
Keith Bush, Chief Executive Officer of Northern, commented: “We are pleased to have Iain join us as non-executive director. Iain has great expertise in the financial aspects of growing an E&P business and will bring a wealth of experience in the interaction with the equity and debt markets. He is well respected within the E&P industry and the investment community and we believe his skill set will complement the board very well.”
About Northern Petroleum
Northern is an oil and gas company currently holding licences in countries of relatively low political risk and is continuing with its strategy of adding and securing value for shareholders as it enters into projects at all stages of the exploration and production value chain.
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