Independent Oil & Gas Appoints New Director
North Sea-focused junior explorer Independent Oil & Gas (IOG) announced Wednesday that it has appointed Paul Murray as a new non-executive director to its board.
Murray, who started his career as a petroleum engineer, was group finance director of Lasmo until the firm was sold to Italy's Eni in 2001. Today, he holds a number of non-executive positions and currently serves as audit committee chairman at both Royal Mail Group and Qinetiq.
Murray said in a statement:
"I have been keen to return to the oil and gas industry for some time and the board and executive team of IOG have convinced me that their ambition to grow into a significant development and production company is eminently achievable. I believe my experience in helping Lasmo Plc grow into a FTSE 100 company along with more recent roles as a corporate advisor will be invaluable to IOG during this exciting phase in the company's development."
IOG CEO Mark Routh added:
"We have wanted Paul to join the board for some time and we are delighted that IOG has now made sufficient progress to attract him to do so. We all share the same ambition to grow IOG into a significant profitable company and look forward to working with Paul along with the rest of the team to take IOG to the next level."
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