Gulf Oil and Gas accountACCOUNT

Providence Resources Announces Leadership Change

Source: www.gulfoilandgas.com 12/6/2019, Location: Europe

Providence Resources P.l.c., the Irish based Energy Company, has announced that Tony O’Reilly has stepped down from the position of Chief Executive Officer of the Company and has resigned from the Board (and all subsidiaries) with immediate effect. The Board has initiated a process to identify and recruit a new Chief Executive Officer to lead Providence in its next phase of development, and a further announcement will be made as soon as this process is completed. Mr. O’Reilly has agreed to work with the Board, to the extent required, until the end of January 2020 to ensure an orderly transfer of his responsibilities. In the interim, his executive functions will be assumed on a temporary basis by Pat Plunkett, Chairman.

Pat Plunkett, Chairman of Providence, commented:

“Since the foundation of the Company, Tony has been the main driver behind the development of the business and has been passionate in promoting the Company’s role in oil and gas exploration in the Irish offshore sector. Over the years, Tony led the Company into partnerships with some of the world’s leading energy companies including ExxonMobil, Eni, Chevron, Repsol, Petronas and Total. A major milestone during his tenure at Providence was the successful drilling and testing of Barryroe located in the North Celtic Sea Basin which has provided the Company with a world class development asset which is capable of providing significant shareholder value in the coming years.

Tony leaves by mutual and amicable agreement and has the great appreciation of the Board for his management of Providence through multiple E&P cycles. On behalf of all of Providence’s stakeholders, I would like to thank Tony for his many years of dedication and hard work at Providence and I wish Tony every success in his future endeavours”.

Tony O’Reilly added:

“After more than two decades with Providence, it is time for me to pursue new opportunities. I am extremely proud of all that we have achieved over the years and the key role that our collective team efforts at Providence have played in establishing interest in Ireland's offshore arena. I wish all stakeholders in Providence every success in the years ahead, particularly with the Barryroe Project.”

Executive Recruiting News in Ireland >>

United States >>  10/20/2020 - McDermott International, Ltd has announced that industry-veteran Neil Bruce has joined its Board of Directors. Mr. Bruce brings 40 years of senior exe...
United States >>  10/20/2020 - Quantum Energy Inc. is pleased to announce that on October 14, 2020 it appointed two new Directors to its Board of Directors. Robert Henry and Timothy...

Norway >>  10/19/2020 - The Board of Directors of Saga Tankers ASA announces the strategy within renewable energy investments and has appointed Bjorn Simonsen as Chief Execut...
Belgium >>  10/16/2020 - NHV Group has announced the appointment of Mr. Lars Skov as ‘Head of Commercial’, effective immediately.

Lars Skov has extensive commercial...


Australia >>  10/15/2020 - Icon Energy Limited wishes to advise that it received notice from Non-Executive Director Howard Lu that he has decided to resign as a director of the ...
Canada >>  10/15/2020 - Razor Energy Corp. is pleased to announce the appointment of Mr. Sean Phelan to its Board of Directors, effective October 15, 2020. ...

Related Categories: Events  Executive Recruiting  General  Legal  Petroleum Associations  Professional Associations  Sourcing & Procurement 

Related Articles: Events  Executive Recruiting  General  Legal  Petroleum Associations  Professional Associations  Sourcing & Procurement 


Ireland Oil & Gas 1 >>  2 | 3 |

More News

Related Links

Gulf Oil and Gas
Copyright © 2020 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.