Ophir Energy plc Annual Report and Accounts 2011

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28 Ophir Energy plc Annual Report 2011 Board of Directors Directors at year end Nicholas Smith Non-Executive Chairman Mr Smith (age 60) was appointed to the Board of the Company as a Non-Executive Director in October 2007 and served as Chairman of the Audit and Nomination Committees until September 2009 when he was appointed as Chairman of the Board. Mr Smith is a member of the Remuneration and Nomination Committees and was a member of the Audit Committee until 7 July 2011. Mr Smith trained as a chartered accountant with Ernst & Young. He joined the Jardine Fleming Group in 1986 serving, from 2003, as chief financial officer and as a member of the Executive Committee. Mr Smith became a director of Robert Fleming International Ltd in 1998 and the Director of Origination – Investment Banking serving until 2000. Mr Smith currently serves as a non-executive director for Asian Citrus Holdings Ltd, PLUS Markets Group plc, Sorbic International Ltd., Japan Opportunities Fund II Limited and Schroder Asia Pacific Fund plc. Alan Stein Executive Deputy Chairman & Founder Dr Stein (age 47) was one of the Company’s founding Directors in 2004. Dr Stein began his career in the UK as a geologist with oil consultants Dolan & Associates where he worked on projects in Europe, Australia and the Far East. In 1992, he established Dolan & Associates’ first international office in Australia and in 1994 was one of the founding partners of the IKODA consultancy group which had offices in London and Perth. In 1996 he was one of the founding directors of FIL which acquired interests in offshore Mauritania. These interests were sold to Fusion Oil & Gas plc (Fusion) and Dr Stein was appointed managing director of Fusion in 1998 and remained until that company’s sale in December 2003. Dr Stein is non-executive chairman of Neon Energy Limited, an ASX-listed petroleum exploration and production company headquartered in Perth, Australia. Dr Stein has notified the Board that, while continuing to make himself available for advice and guidance, he will not be seeking re-election at the Company’s AGM in 2012. Nicholas Cooper Chief Executive Officer Dr Cooper (age 44) was appointed to the Board as Managing Director on 1 June 2011 and has formally assumed the role of Chief Executive Officer in December 2011. Dr Cooper began his career as a geophysicist with BG and Amoco in the UK and various international locations. He spent two years with the energy team at Booz-Allen & Hamilton, advising on upstream oil and gas development projects. In 1999, Dr Cooper completed an MBA at INSEAD and went on to join the oil and gas team at Goldman Sachs where he held the position of Vice President. In early 2005 he co-founded and became CFO of Salamander Energy plc, the Asia-focused exploration and production company, which has grown from start-up to FTSE 250 constituent. Jonathan Taylor Executive Director & Founder In 2004, Mr Taylor (age 46) was one of the founding Directors of Ophir, serving initially as its Technical Director and is a member of the HSE Committee. Mr Taylor has over 20 years of experience in a range of technical and asset management roles in Africa, Europe, the Far East and the Middle East, for Amerada Hess Ltd, Clyde Petroleum plc and Gulf Canada Resources Ltd. Mr Taylor was appointed as Exploration Director of Fusion in November 1998, resigning in March 2004 to found Ophir. Dennis McShane Senior Independent Director Mr McShane (age 56) was appointed to the Board as a Non-Executive Director in October 2007 and as Senior Independent Director in November 2009. Mr McShane is Chairman of the Nomination Committee and a member of the Audit and Remuneration Committees, having also served as Chairman of the Audit Committee from September 2009 to 18 August 2011. Mr McShane is a founding principal of Midas Resource Partners. From September 2004 to November 2008 Mr McShane was a senior executive of the Ferrexpo group of companies serving as executive director of finance and business strategy. He led the successful initial public offering of Ferrexpo plc on the Official List of the London Stock Exchange in June 2007. Prior to joining Ferrexpo, Mr McShane was an investment banker with JPMorgan Chase & Co (JPM) emerging markets investment banking and mining and metals practices in London. In 2002, he became head of mining and metals in JPM’s Asia-Pacific practice, based in Sydney. He attended Harvard Business School and the State University of New York. Ronald Blakely Independent Non-Executive Director Mr Blakely (age 63) was appointed as a Non-Executive Director of the Company on 7 July 2011 and as Chairman of the Audit Committee in September 2011. Mr Blakely is a retired former executive whose career spanned more than 38 years with Royal Dutch Shell companies. At time of retirement in October 2008 he was Executive Vice President Global Downstream Finance. In previous roles he has been CFO of Shell Oil Products in the USA and CFO of Shell Canada, a then Canadian public integrated oil and gas company. He is a graduate of the University of Guelph with a major
29 Ophir Energy plc Annual Report 2011 in Economics and a member of the Society of Management Accountants of Alberta. Mr Blakely is currently the non-executive chairman of the Board of Oil Sands Quest, a Calgary based company. John Lander Independent Non-Executive Director Mr Lander (age 68) was appointed as a Non-Executive Director of the Company in November 2008. He is Chairman of the Remuneration Committee and a member of the Audit, Nominations and HSE Committees. Mr Lander started his career with Shell as a geophysicist in their international division and has more than 40 years’ experience in the international oil and gas industry, holding executive boardroom positions at RTZ Oil and Gas Limited, Pict Petroleum plc, Premier Oil plc, British-Borneo Petroleum Syndicate plc and Tullow Oil plc, the latter until his retirement from full-time employment. He is chairman of Alkane Energy plc and Canadian North Sea Energy Limited as well as being a non-executive director of Neon Energy Limited. Lyndon Powell Independent Non-Executive Director Mr Powell (age 60) was appointed as a Non-Executive Director of the Company in November 2008. He serves as Chairman of the HSE Committee and is a member of the Remuneration Committee. Mr Powell retired from a career in the Royal Military Police and Special Forces in 2006. During his time with HM Forces, he served in diverse locations throughout the world on a variety of appointments, gaining a wide spectrum of experience in operational and strategic security management including work with the Foreign & Commonwealth Office to provide protection for HM Ambassadors and commanding four major units. Mr Powell was Chief of Special Forces at the Allied Rapid Reaction Corps, and was an advisor to the Sierra Leone Armed Forces in Freetown. In 2007 he was appointed as deputy director of Security Operations with Infinity SDC Ltd, and in 2008 moved to start his own company, Barbican Global Ltd, which specialises in independent security advice to the corporate sector. Patrick Spink Independent Non-Executive Director Mr Spink (age 59) was appointed as a Non-Executive Director of the Company on 7 July 2011 and is a member of the HSE Committee. Mr Spink spent over 20 years with Perenco, joining the company shortly before the start of its rapid growth into one of the world’s largest private upstream oil and gas companies. He performed a number of roles including head of exploration, general manager of one of its largest subsidiaries, and executive board member before the company was privatised. For 15 years until 2010, he was head of business development, including during the company’s most rapid period of growth. Prior to joining Perenco, Mr Spink held positions in exploration and operations departments of a number of E&P companies. He has a degree in Environmental Sciences from the University of Lancaster and currently runs a consulting business providing upstream investment advice to a number of clients. Rajan Tandon Non-Executive Director Mr Tandon (age 48) was appointed as a Shareholder Representative Non-Executive Director in September 2009. Mr Tandon is Vice President-in- Charge of Finance and Accounts at Mittal Investments and has over 25 years of industrial experience. Prior to this he was Director-in- Charge of Finance and Accounts at Mittal Steel. He has been a leading member of the Corporate Finance Team and served as Treasurer for LNM Holdings NV until its merger with Ispat International in December 2004. With a 20- year career within the Mittal Steel Group, he has held various positions in Finance and Accounting within the Group. Mr Tandon is an Honours Graduate in Accounting and Commerce from St Xavier’s College, Kolkata and a Fellow of The Institute of Chartered Accountants of India and Member of The Institute of Internal Auditors. He also serves on the boards of various companies. Alternate Director Jaroslaw Paczek Alternate Director to Rajan Tandon Mr Paczek (age 43) was appointed as alternate Director for Rajan Tandon on 7 July 2011. Mr Paczek trained as a barrister in Poland, having graduated from the Jagiellonian University in Cracow, and subsequently attended Harvard Business School and DePaul University in Chicago. He began his career as a lawyer with Hogan & Hartson working in their office in Warsaw and also practised with Feuguer et Associés in Paris. In 1997 Mr Paczek joined ERA GSM, the Polish mobile telephone operator, as a Deputy General Director. For the last 10 years, Mr Paczek has worked with the Kulczyk Group, the largest private equity fund in Poland, where he was involved in various transactions in Eastern Europe, in particular in the telecom, electricity and insurance sectors, and represented the Kulczyk Group on the Board of the Company prior to Admission. Since 2006, Mr Paczek has lived in London, developing a portfolio of oil, gas and mineral investments. BUSINESS REVIEW GOVERNANCE FINANCIAL STATEMENTS
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