Polarcus Nominates New Chairman

Having served as Chairman of the Board of Polarcus Limited ("Polarcus" or the "Company") (OSE: PLCS) since the Company's inception in 2008, Mr Peter Rigg will be retiring with effect from the AGM on 10 May 2018. Polarcus' Nomination Committee has been aware of Mr. Rigg's intentions for some time and a planned succession of the Chairman role will take place.

Following a comprehensive search process, Michael Mannering has been nominated to succeed Mr. Rigg as Chairman with effect from the 2018 AGM.  Mr. Mannering is an experienced Chairman and Non-Executive Director with a long career in oilfield services including many senior corporate positions in Schlumberger as well as Chairman and, subsequently, Non-Executive Director of Songa Offshore until its acquisition by Transocean.  Mr. Mannering has a BSc (First Class) in Mechanical Engineering from the University of Southampton. Further details are contained in the Nomination Committee's report, attached to the Notice of Annual General Meeting released on 19 April 2018.

Duncan Eley, CEO, commented: "Peter has had tremendous influence and has contributed significantly to the first 10 years of the Polarcus journey. His judgment, management and keen wit have been standout attributes and we wish Peter every success in his future endeavours.

"We are very pleased that the Nomination Committee has proposed a candidate of such high calibre as Mike Mannering.  His experience on Boards and at senior levels in the broader oilfield services industry will be extremely valuable for Polarcus as we position ourselves for success in the evolving marine seismic segment. We greatly look forward to working with Mike from the AGM." 

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site


More items from oilvoice

Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice

Posted 3 months agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice

Posted 7 months agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice

Posted 7 months agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice

Posted 8 months agoPress > CNOOCChina National Offshore Oil CorporationChevron +11

Total Announces the Distribution of its Second 2018 Interim Dividend

The Board of Directors met on December 12, 2018 and declared  the distribution of a second interim dividend for the 2018 fiscal year of €0.64 per share, in accordance with the Board's decision of July 25, 2018, an amount equal to the first 2018 interim dividend and an increase of 3.2% compared to t ...

OilVoice Press - OilVoice

Posted 8 months agoPress > TotalDividend
All posts from oilvoice