Riverstone Energy Limited Board Changes

RNS Number : 0892K

Riverstone Energy Limited

14 April 2015

 



14 April 2015

REL Board Changes

Riverstone Energy Limited ("REL" and the "Company") announces that Lord John Browne and Tidu Maini have notified the Company that they do not intend to offer themselves for re-election to the Company's board of directors at its forthcoming annual general meeting on 13 May 2015 and, accordingly, will step down from the board at the conclusion of the meeting.

Sir Robert Wilson, chairman of the board of directors of the Company, said: "I would like to thank Lord John Browne and Tidu Maini for their hard work and expertise in assisting with the initial public offering of the Company and its first eighteen months of investing.  Their valuable contributions have meant that REL is now very well placed to continue to deliver on its investment objective."

The Company also announces that Claire Whittet will be proposed for election to the board at the annual general meeting.  Sir Robert Wilson added: "We very much look forward to welcoming Claire to the board and benefiting from her considerable experience". 

Claire is Guernsey resident and has over 37 years of experience in the financial services industry. After obtaining a MA (Hons) in Geography from the University of Edinburgh, she joined the Bank of Scotland for 19 years and undertook a wide variety of roles including running two city centre offices. She moved to Guernsey in 1996 and was Global Head of Private Client Credit for Bank of Bermuda before joining Rothschild Bank International Limited where she is now Managing Director and Co-Head. Mrs. Whittet is an ACIB member of the Chartered Institute of Bankers in Scotland, a member of the Chartered Insurance Institute and holds an IoD Diploma in Company Direction.

All of Claire's current directorships in publicly quoted companies and in the past five years are noted below as required by LR 9.6.13 (1).  There are no disclosures to be made in respect of LR 9.6.13 (2-6).

Current directorships

BH Macro Limited

International Public Partnerships Limited

TwentyFour Select Monthly Income Fund Limited

Past directorships

Nil

- ENDS -

About Riverstone Energy Limited

REL is a closed-ended investment company that invests exclusively in the global energy industry, with a particular focus on the exploration & production and midstream sectors.  The company is uniquely positioned to benefit from the large number of investment opportunities being driven by the North American energy revolution and the continued growth in global energy demand.  REL aims to capitalize on the opportunities presented by Riverstone's energy investment platform.  REL is a member of the FTSE 250 and its ordinary shares are listed on the London Stock Exchange, trading under the symbol RSE.  To date, REL has invested in 14 energy companies spanning conventional and unconventional oil and gas activities in the Gulf of Mexico, Continental U.S., Western Canada, the U.K. North Sea, the Norwegian Sea, and Mexico.

Media Contacts:

For Riverstone Energy Limited:

Alfredo Marti

[phone]

John Cosgrove

[phone]

Brunswick:

Andrew Mitchell

Robin Wrench

[phone]

 

END

 

 

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