Orcadian Energy, the low-emissions North Sea oil and gas development company, announces the following changes to the Board.
Greg Harding has confirmed his intention to retire from the Board of the Company at the end of the year. Greg was a founder of Orcadian back in October 2013 when he and Steve Brown started screening relinquishment reports for a North Sea project of scale. After almost nine years with Orcadian, Greg is planning to retire. The Board thanks Greg for his outstanding contribution to our understanding of the very best way to develop the Pilot field, and his unwavering support for our plans. Greg will cease to be a director of the Company from the 31st December 2022 and the Board all wish Greg the very best in his retirement.
Christian Wilms has advised the Board that given his increasing executive responsibilities, it has become difficult for him to dedicate the necessary time to his role as a non-executive at Orcadian. As such, Christian has asked to leave the board; and he will cease to be a director of the Company from the 31st October 2022. Christian joined the Orcadian board in 2019, just as he was moving from Shell to MOL. He has been a great counsellor, both technically and commercially, and his advice will be much missed. We wish him all the best in his future career.
Following these changes, the Orcadian board will consist of four directors: Joe Darby, Non-Executive Chairman, Tim Feather, Independent Non-Executive Director, Steve Brown, Chief Executive Officer and Alan Hume, Chief Financial Officer. The board is aware of its responsibilities under the QCA Corporate Governance Code for smaller companies to have two independent non-executive directors on the board of the Company, and will look to appoint a new independent board member in due course.
The board committees will be made up as follows:
Steve Brown, Orcadian's CEO, said:
"I have worked with Greg in various companies and roles for the last twenty-five years, and we have had many petroleum engineering debates throughout that time. I'll miss that a lot. Greg has been an outstanding reservoir engineer and director and I wish him a long and enjoyable retirement.
"Christian joined Orcadian as he transitioned from Shell to MOL. He has a great career in front of him and it was always possible that, at this stage in his career, it would become too burdensome to discharge his responsibilities as a non-executive director. We wish him all the best in the future, and I will surely still call on him for his counsel and advice."
