Premier Oil Appoints Former Fairfield CFO

Premier Oil plc has appointed former Fairfield Energy Chief Financial Officer Iain Macdonald to its board as an independent non-executive director and member of the audit and risk committee, with effect from May 1.

David Lindsell, currently chairman of Premier's audit and risk committee, will stay on the board and act as chairman of the audit and risk committee throughout the forthcoming external audit tender process, which is likely to take place in the fourth quarter of this year. Macdonald will take on the role of chairman of the committee upon the retirement of Lindsell, which is anticipated to be at the company's 2017 annual general meeting.

Prior to his latest role, Macdonald spent 30 years at BP plc in a variety of engineering, licensing, business management and finance roles culminating in 3 years as deputy group CFO. On leaving BP in 2010, he joined Fairfield Energy plc as CFO where he served until 2014. Macdonald is currently a non-executive director and chairman of the audit committee at SUEK plc.

Premier Oil Chairman Mike Welton commented in a company statement:

"I am delighted to welcome Iain to the board and am absolutely confident that his experience and skills will be of enormous value to the board and the company as a whole."

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  Scottish Government Reveals New Subsea... (Jan 20)
 -  SOFF Secures Services Contract for Jan... (Jan 20)
 -  NPD Grants Lundin Permit for Appraisal... (Jan 20)
 -  Lion: AMT-1 Well Abandoned After Stuck... (Jan 20)
 -  Unite: Workers 'Deeply Unhappy' About ... (Jan 20)

Most Popular Articles

From the Career Center
Jobs that may interest you
Administrative Assistant
Expertise: Secretarial or Administrative
Location: Mobile, AL
Document Control Specialist
Expertise: Document Control
Location: Columbus, GA
Project Engineer/Project Manager
Expertise: Project Management
Location: Baton Rouge, 
search for more jobs

Brent Crude Oil : $55.49/BBL 2.45%
Light Crude Oil : $52.42/BBL 2.04%
Natural Gas : $3.2/MMBtu 5.04%
Updated in last 24 hours