– UK, London – TomCo Energy plc (LON: TOM), the US operating oil development group focused on using innovative technology to unlock unconventional hydrocarbon resources, today announced the appointment of Robert Kirchner and Richard Horsman to its Board as Non-Executive Directors.
“As TomCo moves to its next stage of development, in particular progressing the work of the Company’s Greenfield Energy joint venture, I am very pleased to welcome Robert Kirchner and Richard Horsman to the Board.” said CEO, John Potter.
He added: “Robert is a very experienced oil industry executive whose skills and experience, particularly in relation to the exploitation of new technologies, will be invaluable as we move forward. Richard brings significant public company experience to the Board, coupled with an important sales and marketing focus.”
The company also announced that both Stephen West, Non-Executive Chairman, and Alexander Benger, Non-Executive Director, expressed their desire to step down from the Board and have therefore left the Board with immediate effect.
Consequently, Malcolm Groat, previously a Non-Executive Director, has been appointed as the new Non-Executive Chairman.
John Potter commented: “With the reorganised Board, I am confident that TomCo has the right individuals in place to ensure that we can appropriately progress the commercialisation of the exciting opportunities we have. I would like to thank both Stephen and Alex for their contributions to TomCo and I understand their need to focus on their other business commitments. I wish them well in their future endeavours.”
About Robert Kirchner
Robert Kirchner is an experienced board and oil industry executive, having spent over 30 years in senior roles in the industry, including focusing on new technologies and ventures. He is currently CEO of Cornerstone Energy Africa Ltd, an Africa focussed oil exploration and production company, and Managing Director of BCI International, a consulting and financial advisory business focused on the energy sector. His previous roles include being COO of African Power Corporation; CFO and Deputy CEO of Kungur Oilfield Equipment and Services; and CEO of First Africa Oil plc and Deputy CEO of Sibir Energy plc, when those companies were quoted on AIM. Robert also spent 13 years with ExxonMobil Corporation from 1988 to 2001 and worked extensively across Africa and the FSU. He has dual US/UK nationality.
About Richard Horsman
Richard Horsman has nearly 25 years’ executive-level experience with both public and private companies across a range of industries, with a focus on sales and marketing. He is currently Non-Executive Chairman of Main Market listed Toople plc, a provider of broadband, fixed-line and mobile telephony solutions to the SME sector. He was previously Senior Independent Non-Executive Director of Plethora Solutions Holdings plc and CEO of Cybit Holdings plc, both quoted on AIM. Before this, he held several senior roles in the IT industry, including with Global Telematics plc and The Baan Company. Between 2011 and the end of 2014, Richard was Chairman and CEO of Atego Group, a private company providing mission and safety-critical software and consulting services to the aerospace, military and automotive sectors. Atego was sold to PTC Inc., which is listed on NASDAQ.
For more information: https://tomcoenergy.uk.com/
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