Petrofac limited - Board Change
(ENP Newswire Via Acquire Media NewsEdge) ENP Newswire - 14 January 2014
Release date- 13012014 - Petrofac, the international service provider to the oil and gas industry, today announced that Andy Inglis, Chief Executive of its Integrated Energy Services business, will be leaving the company at the end of February 2014 and stepping down from the Board.
Andy has been appointed Chairman and Chief Executive at US listed Kosmos Energy and will take up his new position in Dallas, Texas, upon departure from Petrofac.
Rob Jewkes, currently Managing Director of Developments for IES, will assume the role of Chief Operating Officer of the IES business, reporting directly to Group Chief Executive Ayman Asfari who will oversee the IES business. Rob has been with Petrofac since 2004 and has spent the last five years as Managing Director of Developments for IES, where he has played a central role in the development of the business. He has a strong engineering and project management background, and 35 years' experience in the oil and gas sector.
Petrofac Chairman Norman Murray said: 'I would like to thank Andy for the considerable contribution he has made to Petrofac, and to the Board. We are sad to see Andy go but understand his reasons and the opportunity his new role affords him in that regard.'
Group Chief Executive Ayman Asfari said: 'Andy has made a significant and lasting impact on Petrofac's success. The growth of the IES business, which has seen a three-fold increase in net profit in just three years, is testament to his achievements and he leaves with our gratitude and best wishes for the future. IES is now a business of scale with a clear strategy to deliver operational excellence, commercial innovation and bespoke offerings to new and existing clients, and I look forward to working with Rob and the team to take the business forward.'
Andy said: 'I am very proud of what we have achieved with Integrated Energy Services over the past three years. I am excited by my new role and the professional and personal opportunities it brings, and I leave a strong and capable team to build on IES's current success and the substantial market opportunity.'
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