UAE: Lamprell Appoints New CFO

Following the announcement made on 21 December 2010 that the Chief Financial Officer of Lamprell plc would step down by the end of this year, the Company confirms that it has agreed terms for the appointment of Jonathan Cooper as Chief Financial Officer.

It is anticipated that Jonathan will join the Company in the latter part of 2011. In the meantime, Scott Doak will continue in the role of Chief Financial Officer and will facilitate the handover to Jonathan in due course. Jonathan has been Finance Director at Sterling Energy plc since 2008. Previously he was Finance Director at Gulf Keystone Petroleum. He started his career at KPMG, before joining Dresdner Kleinwort Benson, having graduated from Leeds University with a Bachelor’s degree and PhD in mechanical engineering.

Jonathan Silver, Chairman, said:

“I would like to welcome Jonathan Cooper to Lamprell. His extensive experience in the oil and gas sector will be very useful to Lamprell as it continues to explore the exciting opportunities that lie ahead. I am confident that Jonathan will make a strong contribution to Lamprell and assist the Company to enhance its record of increasing shareholder value.”

Lamprell, based in the UAE, has played an increasingly prominent role in the development of the offshore industry in the Arabian Gulf for over 30 years, in later years providing specialised services to the offshore oil and gas industry.

Lamprell’s three primary facilities are in Port Khalid and the Hamriyah Free Zone, in the Emirate of Sharjah, and in the Jebel Ali Free Zone, in the Emirate of Dubai, all of which are in the UAE.

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Source:Lamprell , April 20, 2011;