Independent Oil & Gas PLC – Appointment of Senior Independent NED
Independent Oil and Gas plc (AIM: IOG.L), the development and production company focused on becoming a substantial UK gas producer, is pleased to announce the appointment of Esa Ikaheimonen to the Board of IOG as Senior Independent Non-Executive Director, effective immediately.
Mr. Ikaheimonen’s appointment is the culmination of an external search process undertaken by an independent executive search agency on behalf of the Company.
Esa has over 25 years of oil and gas industry experience and strong board level expertise. He is currently the CFO of London listed E&P company Genel Energy PLC and a Non-Executive Chairman of Lamor Corporation, a leading environmental service company. Mr. Ikaheimonen’s previous non-executive experience includes roles at Ahlstrom Corporation, global supplier of fibre-based products, and at Vantage Drilling International, a major offshore drilling contractor.
Previously, in addition to these non-executive roles, Esa was Executive Vice President and CFO of Transocean, the world’s largest offshore drilling company. Prior to Transocean, Esa enjoyed a 20 year career at Royal Dutch Shell, culminating in the role of Vice President Finance for Shell Africa E&P.
He holds a Masters Degree in Law from the University of Turku, specialising in tax law and tax planning.
As Senior Independent Non-Executive Director Mr. Ikaheimonen will chair the Company’s Audit Committee and serve on the Remuneration and Nominations committee.
Fiona MacAulay, Independent Non-Executive Chair, IOG commented:
“We are extremely pleased to welcome Esa to the IOG Board of Directors. His financial expertise and substantial oil and gas industry experience will be invaluable to the Company as we execute the funding of our high-value gas hubs and achieve further growth in the coming years.”