Directorate Change

RNS Number : 7772T

Quadrise Fuels International PLC

08 October 2014

 



8 October 2014

Quadrise Fuels International PLC

("QFI", "Quadrise" or the "Company")

Directorate Change - Board Appointment

Quadrise, the emerging supplier of MSAR, a low cost alternative to heavy fuel oil in the shipping, refining and power generation markets, is pleased to announce the appointment of Philip Snaith as an independent non-executive director of the Company with immediate effect.

Appointment of Non-Executive Director

Philip Neil Snaith, age 61 years, previously spent more than 35 years with the Royal Dutch Shell group in senior executive positions, latterly as General Manager of Shell International Trading & Shipping Company Limited in London. Mr. Snaith retired from the Royal Dutch Shell group in 2010.

Between 2004 and 2008 Mr. Snaith spent four years in Singapore as President of Shell International Eastern Trading Company - with responsibility for that company's Asia-Pacific trading portfolio. Concurrent with this executive position, Mr. Snaith was a non-executive director of Shell Eastern Trading Company (Pte) Ltd, a refining, marketing, supply and trading company and then the largest company in Singapore with annual revenues of around US$55 billion, and was also Chairman of both Shell Tankers Singapore (Pte) Ltd, an owner and operator of oil and LNG ships, and Shell International Shipping Services (Pte) Ltd.

Prior positions within the Royal Dutch Shell group of companies include roles as, variously, Chief Representative, President, Vice Chairman and Managing Director across a range of Royal Dutch Shell businesses and joint ventures spanning Europe, South-East Asia, China, North America and the Caribbean.

Mr. Snaith holds an MBA from Cranfield University, a B.Sc. (Physics) from Imperial College, London and a Diploma in Marketing (Dip.M) from the UK Chartered Institute of Marketing. Mr. Snaith is currently a partner of PSI Energy.

There are no further disclosures in accordance with paragraph (g) of Schedule 2 of the AIM Rules for Companies.

Commenting on the appointment, Ian Williams, Quadrise's Executive Chairman, said:

"We are delighted to welcome Philip to the board. Having spent more than 35 years with Royal Dutch Shell, Philip brings a wealth of international director level experience and a proven track record throughout his career spanning a diverse range of small, medium and large international energy businesses across Europe, Asia-Pacific and the Americas.

Philip's record of commercial successes in delivering, amongst other things, strategic positioning for growth, start-up joint ventures, new technology development and functional expertise in marketing, supply/logistics and trading, is a really good fit with the Quadrise requirements as we enter the commercial phase in our globally diverse projects portfolio."  

For further information on the Company, please refer to www.quadrisefuels.com or contact:

Quadrise Fuels International Plc	[phone]
Ian Williams, Executive Chairman
Hemant Thanawala, Finance Director
Nominated Adviser
Smith & Williamson Corporate Finance Limited	[phone]
Dr Azhic Basirov
Ben Jeynes
Broker
Peel Hunt LLP	[phone]
Richard Crichton
Matthew Armitt
Ross Allister
Public & Investor Relations
Bell Pottinger	[phone]
Philip Dennis
Rollo Crichton-Stuart

 

END

 

 

BOAUGGWWUUPCGGR