Cairn announced the appointment of Ian Tyler as an independent non-executive director of the Company with immediate effect. Mr Tyler will also be appointed as a member of the Company’s audit and remuneration committees.
Mr Tyler is currently non-executive chairman of Al Noor Hospitals Group plc, a non-executive director and chairman of the audit committee of Cable & Wireless Communications plc and a non-executive director of BAE Systems plc.
Mr Tyler was previously Chief Executive of Balfour Beatty PLC, a post he held from 2005 until March 2013. During his tenure in this role he took the company from being primarily a UK construction business to a global infrastructure services business, increasing revenue from £4.2 billion to £10.9 billion.
Mr Tyler read Commerce at Birmingham University, graduating with a first class degree. He then trained as an accountant with Arthur Andersen, qualifying in 1987. Mr Tyler subsequently held a number of senior finance and operational positions within listed companies, including Finance Director of ARC Ltd, a principal subsidiary of Hanson PLC and Finance Director and subsequently Chief Operating Officer of Balfour Beatty PLC prior to his appointment as Chief Executive.
Mr Tyler does not currently hold any Cairn shares and no further information in connection with his appointment is required to be disclosed pursuant to Listing Rule 9.6.13R.
Sir Bill Gammell, Chairman of Cairn , said:
“I am delighted to welcome Ian Tyler to the Cairn Board.
“Ian’s extensive business experience and independent perspective from outside the oil and gas industry will be of immense value to Cairn.”
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Press Release, June 28, 2013