EnQuest PLC ('EnQuest') is delighted to announce the appointment of Rosalind Kainyah MBE to the Board of Directors with effect from 30 May 2024, subject to shareholder vote at the Company's 2024 Annual General Meeting ('AGM') on that date. It also reconfirms, as announced on 7 December 2023, that Jonathan Copus, Chief Financial Officer, will be recommended for election to the Board as an Executive Director at the AGM.
EnQuest also announces that Liv Monica Stubholt and Rani Koya have notified the Board of their intention to step down as Non-Executive Directors at the Company's AGM. Liv Monica has served a full three-year term of office at EnQuest and wishes to focus on her Norwegian portfolio, while Rani wishes to focus on other commitments.
In addition, Executive Director and CEO of Veri Energy, Salman Malik, will be stepping down from the EnQuest Board to devote his time to Veri Energy, a wholly owned subsidiary of EnQuest. Veri Energy intends to leverage EnQuest's capabilities to progress decarbonisation and new energy projects at scale, including carbon capture and storage, green hydrogen, and electrification through renewable power at the Sullom Voe Terminal, on Shetland.
The Board is seeking to appoint a further Non-Executive Director and will provide an update when appropriate.
Rosalind Kainyah, MBE
Rosalind has over 30 years of international, legal, operational, executive and board experience in a variety of sectors, including energy, oil and gas, mining, infrastructure, private equity, financial services and manufacturing. She has worked across Africa, Europe, the Americas, Asia and the South Pacific for companies and organisations, including Linklaters, Anglo American, De Beers, Tullow Oil plc, the United Nations Environment Programme, University of Oxford's Environmental Change Unit and ERM.
Rosalind is the founder and director of Kina Advisory Limited, and also a non-executive director of discoverIE plc, Gem Diamonds Limited and WE Soda, a private company.
Rosalind will join the Remuneration Committee as Chair.
Rosalind said: "I'm excited to be joining the Board of EnQuest and very much look forward to working with the Company as it continues its energy transition journey."
Commenting on today's announcement, Gareth Penny, Chairman, said:
"On behalf of the Board, I am thrilled to welcome Rosalind to EnQuest and look forward to working with her over the coming years. Her experience and expertise will, I'm sure, prove to be extremely beneficial to the Company as it continues its journey through the energy transition.
I would also like to thank both Liv Monica and Rani for their contribution to EnQuest and wish them well for the future. Both have been of huge support to the Company during their tenures. I will continue to collaborate with Salman as he grows Veri Energy."
