Premier Oil nominates Alan Ferguson, Margareth Øvrum and Andy Hopwood for joining its Board as Independent Directors

– UK, London –  Premier Oil (LON: PMO) today announced the nominations of Alan Ferguson, Margareth Øvrum and Andy Hopwood for election to its Board as Independent Non-Executive Directors, both with effect from completion of the proposed merger between the Company and Chrysaor Holdings Limited by way of a reverse takeover.

About Alan Ferguson

Alan Ferguson has over 20 years of executive experience in the mining and automotive industries. Alan worked at Inchcape for 22 years and was Group Finance Director from 1999 until 2005. He then served as Group Finance Director of The BOC Group from 2005 to 2006, and CFO of Lonmin from 2007 to 2010. Alan has been a non-executive director of Johannesburg and New York listed AngloGold Ashanti since 2018, where he chairs the Audit Committee and a non-executive director of AIM-listed Marshall Motor Holdings since 2015, where he is the Senior Independent Director and chairs the Audit Committee. Alan has also previously served as a non-executive director on the boards of Croda International from 2011 to 2020, where he was the Senior Independent Director and chaired the Audit Committee; Weir Group from 2011 to 2018, where he chaired the Audit Committee; Johnson Matthey from 2011 to 2020, where he was the Senior Independent Director and chaired the Audit Committee; and London Mining from 2013 to 2014, where he chaired the Audit Committee. Alan is a chartered accountant and sits on the Business Policy Panel of the Institute of Chartered Accountants of Scotland, as well as serving as a director of the Audit Committee Chairs’ Independent Forum.

Alan holds a B. Sc. in accountancy and business economics from Southampton University.

Alan will serve as Chairman of the Audit and Risk Committee from completion of the Merger.

About Margareth Øvrum

Margareth Øvrum has nearly 40 years of experience in the energy industry. Margareth worked for Equinor and its predecessor companies from 1982 until January 2021 and held multiple business unit and central management positions within the company. She was the first female and youngest platform manager of one of the company’s oldest fields in the North Sea (Gullfaks) and sat on the company’s corporate Executive Committee for 16 years. Since 2004, Margareth has been an EVP at Equinor and has experience in HSE, technology, renewables, major projects, procurement, and drilling, amongst others. In 2018, Margareth moved to Brazil to preside over Equinor’s operations in the country. Margareth has served as a non-executive director at TechnipFMC since October 2020, where she also sits on the Environmental Social and Governance Committee. She has also served as a non-executive director of FMC Corporation since 2016, where she is a member of the Sustainability Committee and the Nomination and Corporate Governance Committee. She has previously served as a non-executive director on the boards of Alfa Laval, Atlas Copco, Ratos, and Siemens Norway. She has also been a board member of various non-profit organizations, including the Norwegian Research Council, the University of Bergen, and Chairman at Helse Bergen Hospital Group.

Margareth graduated with a Master of Science in Technical Physics from the Norwegian Technical University in 1981.

Margareth will serve as Chairman of the Health, Safety, Environment, and Security Committee from the later of 1 April 2021 and completion of the Merger.

About Andy Hopwood

Andy has over 40 years’ experience in the global oil and gas industry gained during his long association with BP. He retired from BP at the end of 2020, having spent the last 10 years as EVP serving on both the BP Group Executive Team and as COO of Upstream. He was responsible for Upstream strategy, portfolio, and leading the Regional business leaders. Before joining BP’s Executive Team, Andy held several positions leading BP’s businesses: in onshore North America, in Trinidad & Tobago, and Azerbaijan. He has also held various commercial, operational, and engineering roles in a wide range of geographies including in the North Sea, Venezuela, Mexico, and Indonesia. He also served as chair of the BP Foundation.

Andy received a B. Sc. in Chemical Engineering from the University of Birmingham.

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