Mediterranean Oil & Gas appoints industry veteran Keith Henry as chairman
Mediterranean Oil & Gas Plc (LON:MOG) has appointed Keith Henry as non-executive chairman and Jake Ulrich as a non-executive director of the company with immediate effect.
Keith Henry is currently the chairman of Regal Petroleum (LON:RPT), the senior independent director of Sterling Energy (LON:SEY) and a non executive director of HPR Holdings Ltd.
Matthew Clarke has stepped down as interim chairman and resumed his duties as a non executive director. Clarke stepped in as chairman when Andrew Cochran resigned from the post in November last year.
New chairman Henry has a wealth of experience gained over more than 35 years in the development, design, construction and management of projects and major companies in the oil and gas, power and service industries.
During this period he was chief executive of National Power, a FTSE 100 company, Brown & Root Ltd, and Kvaerner Engineering & Construction Ltd.
As a non-executive director within the oil and gas sector, Henry has held the roles of chairman of Burren Energy, overseeing the sale to ENI SpA in 2008 for approximately £1.8 billion, and director of First Calgary Petroleums Ltd, which was also sold to ENI in 2008 for approximately £600 million.
Keith was the senior independent director of Emerald Energy for five years, supporting the sale of the company to Sinochem for £530 million in 2009 and, as chairman, he led the de-merger from Petroleum Geo-Services ASA of the floating production and storage company Petrojarl ASA, listing the company on the Oslo Stock Exchange.
He was a director of Enterprise Oil from 1997 to 2002.
Outside of the oil and gas sector, he has held a number of other non-executive roles, including chairman of Helius Energy (LON:HEGY), director of South East Water Ltd, and deputy chairman of Aegis Defence Services Ltd.
New director Jake Ulrich is also highly experienced in the energy industry and was senior energy advisor to Och Ziff Management Europe Ltd from 2008 to 2011, where he co-managed the internal private energy fund.
Jake retired from the board of Centrica (LON:CAN) in 2008, where he was an executive director, responsible for upstream, power generation, renewables, trading and European operations.
Director Matthew Clarke said: "We are delighted that Keith has agreed to become our chairman, bringing his extensive experience of both running and chairing oil and gas businesses to our board. His broad expertise will prove invaluable to the company and I am looking forward to working with him.
"With our revenues significantly increased by the Guendalina field coming on stream, and a debt free balance sheet, the appointment of a chairman with such credentials is a further important milestone for the company.
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