– UK, London – Sterling Energy plc (LON: SEY), an upstream oil and gas company, today announced the appointment of Tony Hawkins to its Board of Directors as CEO, succeeding David Marshall who has stepped down as CEO and as a Director of the Company with immediate effect.
“We are delighted to welcome Tony back to Sterling as our CEO, he will make a great addition to the team. His specialist experience and expertise in E&P, power, LNG and the renewables sectors will be invaluable to the Company. I look forward to working with him to continue our strategy and to evolve it as need be for the current markets.” said Board Chairman, Michael Kroupeev.
Mr Hawkins will be appointed to the Board of Directors with immediate effect and will take up his executive position as CEO on 1 January 2021. In the interim period, Michael Kroupeev will temporarily move to Executive Chairman.
Michael Kroupeev added: “I’d like to thank David for all his work and effort since his appointment in June 2018. It is well known that oil and gas markets have had a turbulent time in the last few years and David has steered the Company safely through those periods. We wish David every success in his future endeavours.”
About Tony Hawkins
Tony is an experienced oil & gas executive, with over 20 years’ experience as a CEO, senior commercial advisor and legal counsel. He has worked extensively in oil & gas but also across the broader energy sector, including power, infrastructure and renewables. He is an English and Australian qualified lawyer, who has worked in both private practice and in-house roles.
Until August 2020, Tony was the CEO of Columbus Energy Resources plc, an AIM-listed oil & gas company with operations in Trinidad and Suriname. Columbus was successfully sold to Bahamas Petroleum Company plc in August 2020.
Tony is currently a Non-Executive Director of Lekoil Limited, an AIM-listed company with operations in Nigeria.
Before Columbus, Tony was General Counsel & Head of Commercial for Sterling from January 2013 to July 2017. Before Sterling, Tony spent six years at Centrica plc (an FTSE 100 listed utility), where he had several roles, including interim General Counsel for Centrica Energy. Before that, he worked for ten years in private practice in Australia and the UK.
Tony is a member of the Association of International Petroleum Negotiators and was previously a member of the legal committee of OGUK where he was instrumental in helping to develop the standard DES LNG Master Sale Agreement for the European Federation of Energy Traders.
Tony Hawkins, said: “I am very pleased to return to Sterling and I am very much looking forward to working again with the Board and the team to implement the Company’s strategy. Sterling retains a strong position in the sector due to its cash position and I am confident we will find the right strategy to take advantage of the current market conditions in oil & gas and the energy markets in general.”
About Sterling Energy
The Company is an experienced operator of international exploration and production licences, with a primary geographic focus on emerging markets including, Africa and the Middle East, although the Board would consider other regions for material opportunities. The Group has a high potential exploration asset in Somaliland and an active strategy to deliver shareholder value through disciplined, exploration and production projects; leveraging the Company’s experience, with an emphasis on securing near term cash flow generative opportunities.
For more information: https://www.sterlingenergyuk.com/
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