Serica Appoints New Non-Executive Director
Serica Energy plc announced that Jonathan Cartwright is joining the Board as a non-executive director with effect from 27 March, 2007.
Jonathan is Finance Director of Caledonia Investments plc which owns 13% of the Company's ordinary shares. He is also on the Board of Bristow Group Inc., one of the world's leading providers of helicopter services to the offshore oil and gas industry. From 1984 until 1989 he held a variety of positions at Hanson PLC, including Group Financial Controller and director of various subsidiaries. From 1983 to 1984 he served as Finance Director of Transworld Petroleum (U.K.) Limited and, from 1980 to 1983, he served as Group Controller of Shulton (GB) Limited, a subsidiary of American Cyanamid Group. Jonathan is a Chartered Accountant and, from 1975 to 1980, was with Peat Marwick, a predecessor of KPMG LLP.
Tony Craven Walker, Chairman, said that, "I am delighted that Jonathan has agreed to join Serica's Board as a non-executive director. His contribution will be of particular value as we enter a period which we believe is likely to see consolidation in the UK independent oil sector aimed at accelerating shareholder return. The experience that Jonathan brings to Serica at this time, and as we bring our discoveries closer to production, will be invaluable. We look forward to welcoming him to the Board."
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