18th Sep 2009 07:00
PREMIER OIL plc
("Premier" or "the Company")
Appointment of new Chairman
18th September 2009
Premier today announces that Mike Welton, non-executive director since 1 June this year, has been appointed to succeed Sir David John as Non-Executive Chairman of the Company. Sir David, who has served as Chairman for 11 years, will retire effective 15 October 2009. Mr Welton was previously Chief Executive of Balfour Beatty plc.
Simon Lockett, Chief Executive Officer, commented:
"Sir David has been an outstanding chairman over the last 11 years, guiding the company through one of the most successful periods in its history. He will be a hard act to follow, but I am sure that Mike will be a worthy successor and I am confident that we will work successfully together on the next phase of Premier's growth."
Note to Editors - a biography of Mr Welton is attached below.
Enquiries
Premier Oil plc Tel: 020 7730 1111
Simon Lockett
Pelham PR
James Henderson Tel: 020 7337 1501 / 07774 444 163
Gavin Davis Tel: 020 7337 1515 / 07910 104 660
Evgeniy Chuikov Tel: 020 7337 1513 / 07894 608 606
Mike Welton
Biography
Mike Welton was appointed Chairman of Southern Water Services in January 2008 and also sits on the advisory board of Montrose Associates. He is also a director of Morrison Utility Services and High Speed Two. Mr Welton was previously Chairman of Hanson plc, the Turkish/British Business Council and the UK Government's Railway Sector Advisory Group. He has also held the position of Chief Executive of the international engineering construction and services group Balfour Beatty plc.
Mike is a chartered civil engineer and Fellow of the Royal Academy of Engineering and the Institution of Civil Engineers.
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