– UK, Worthing – Plexus Holdings PLC (LON: POS), the quoted wellhead services business, announced the appointment of Dr. Stuart Paton (Ph.D.) to its Board as a Non-Executive Director with immediate effect.
The Company also announced that Ms Kunming Liu has stepped down from the Board after 10 years of service.
About Dr. Stuart Paton
Dr. Stuart Paton brings over 30 years of experience in the energy industry, having held a range of senior positions, including CEO of Dana Petroleum plc and Chair and Non-Executive Director of Getech Group plc. He is a highly experienced company adviser, holds a Ph.D. from the University of Cambridge, and is a Fellow of the Geological Society of London.
About Plexus Holdings plc
Plexus Holdings plc is an IP-led company specialising in developing and providing wellhead systems and associated products and services for offshore operations.
Headquartered in Aberdeen, the company focuses on providing wellheads for Jack-up rig operations such as exploration and appraisal drilling, Plug & Abandonment work, and emerging markets for Carbon Capture & Storage, hydrogen production and storage, and geothermal. Plexus has a collaboration agreement with SLB to supply Exact adjustable wellhead systems for Jack-up applications and supports these operations with a range of proprietary equipment and tools, and project engineering services.
Plexus is known for its highly innovative POS-GRIP wellhead technology and HG metal-to-metal sealing systems, for which licences have been sold to major industry players such as SLB and TechnipFMC for limited applications. Plexus continues to develop products based on POS-GRIP technology for challenging surface production wellhead platforms, special projects, and connector and subsea applications such as the Python subsea wellhead system.
Plexus has always been at the forefront of innovation to reduce risk and improve performance in the energy industry, such as developing through-BOP wellhead systems which help to prevent blow-outs, and POS-GRIP “HG” Seals which are leak-free throughout field life and so reduce methane emissions and minimise maintenance costs. These innovations support the oil and gas industry’s ESG and NetZero, and in recognition of this, Plexus was awarded the London Stock Exchange’s Green Economy Mark in 2021.
For more information: https://www.plexusplc.com/
- 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.