RNS Number : 2082D
Sound Energy PLC
05 July 2016
 

5 July 2016

 

Sound Energy plc

("Sound Energy" or the "Company")

 

Appointment of Non-Executive Chairman

 

Sound Energy, the European / Mediterranean focused upstream gas company, is pleased to announce that it has appointed Stephen Whyte, an existing Non-Executive Director of the Company, as Non-Executive Chairman with immediate effect.

 

Stephen Whyte has over 25 years' experience in the oil and gas industry.  He was Chief Operating Officer / E&P Executive Director at Galp Energia for three years and prior to that spent three years as Senior Vice President Commercial at BG Group (following fourteen years with the Royal Dutch Shell Group).

 

The Company does not intend to appoint an additional Non-Executive Director in the short term, with a view to securing a structural cost reduction.

 

Stephen Whyte, Non-Executive Chairman of Sound Energy, commented:

 

"I am delighted with my appointment as Non-Executive Chairman at such a pivotal moment for the Company and look forward to working with James and his Executive Team."

 

James Parsons, Chief Executive Officer of Sound Energy, commented:

 

"It is with great pleasure that I welcome Steve as Chairman.  I know that his connectivity to institutional and private equity investors will be invaluable in the next stage of evolution of our business and I look forward to success together."

 

 

For further information please contact:

 

Vigo Communications - PR Adviser

Patrick d'Ancona

Chris McMahon

Alexandra Roper

 

Tel: 44 (0)20 7830 9700

Sound Energy

James Parsons, Chief Executive Officer 

 

j.parsons@soundenergyplc.com

 

Smith & Williamson - Nominated Adviser

Azhic Basirov

David Jones

Ben Jeynes 

 

Tel: 44 (0)20 7131 4000

Cantor Fitzgerald Europe - Broker

Sarah Wharry

David Porter

 

Tel: 44 (0)20 7894 8896

 

 

 


This information is provided by RNS
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