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Petrofac appoints new chairman, director

Petrofac, the international oil and gas facilities service provider, has appointed a new chairman and non-executive director to its Board.

Norman Murray and Roxanne Decyk will be appointed as independent non-executive directors on March 1, 2011. Subject to shareholder approval, Murray will succeed Chase as chairman of the Board at the conclusion of the Annual General Meeting on May 13, 2011.At the same time, Rodney Chase and Kjell Almskog will step down from the Board.

A venture capitalist for some 25 years, Norman Murray (62) was a co-founder and former chairman of Morgan Grenfell Private Equity Limited and was also a director of Morgan Grenfell Asset Management.

He was appointed an independent non-executive director of Cairn Energy in 1999 and chairman in 2002. Murray is a non-executive director of Greene King and Robert Wiseman Dairies. He is a past chairman of the British Venture Capital Association, a past president of the Institute of Chartered Accountants of Scotland and chaired the independent committee charged with establishing the Audit Firm Governance Code which was published by the Financial Reporting Council in January 2010.

Roxanne Decyk (58) has enjoyed a varied executive career spanning three decades including 11 years with The Royal Dutch Shell Group, where she held a number of roles, most recently as head of the government affairs department, and also served on the Shell Executive Committee. Decyk has served as a non-executive director on several Boards and is currently serving as a non-executive director of Snap-on Incorporated and Alliant Techsystems.

Commenting on these appointments, Chase said: "As our customers and employees come from numerous geographies and cultures it is essential that our Board reflects that diversity and continues to be refreshed. After six years as chairman of the Board I feel it is the right time to be stepping down and I wish Norman well.

I have no doubt that both Norman and Roxanne will each make a strong individual contribution to the Board. I would like to thank Kjell Almskogx, who will also leave the Petrofac Board this year, for his contribution in the last six years, most recently as senior independent director."

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Publication:Oil & Gas News
Date:Feb 21, 2011
Words:380
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