27th Nov 2020 09:02
(Alliance News) - Cairn Energy PLC on Friday said it has promoted Non-Executive Director Nicoletta Giadrossi to chair effective from January 1.
The FTSE-250 oil & gas explorer stated Giadrossi will succeed Ian Tyler who after six years in the role, announced in May he would retire following the appointment of a successor.
Cairn highlighted Giadrossi has been a member of the board since January 2017, adding she has "extensive experience in oil & gas and other energy markets both in executive and non-executive roles, including wide engagement on environmental, social and governance issues."
"I very much look forward to continuing to work with Nicoletta in her new role as chair of the board - she brings a huge breadth of knowledge and experience and will provide important continuity for Cairn as we position the company for continued growth and success. On behalf of the board, I would also like to thank Ian Tyler for his invaluable contribution as non-executive chair of the company since 2014," said Chief Executive Simon Thomson.
Shares in Cairn were trading 0.8% lower at 160.30 pence each on Friday morning in London.
By Ife Taiwo; [email protected]
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