KCA Deutag Appoints Non-Executive Chairman
KCA Deutag has appointed Tim Summers as Non-Executive Chairman of its parent company with immediate effect. KCA Deutag is owned by funds controlled by First Reserve Corporation, the world's leading energy industry investor, and Pamplona Capital Management.
Tim joins KCA Deutag from TNK-BP in Moscow where he was Chief Operating Officer and subsequently Chief Executive Officer. A Chartered Chemical Engineer who graduated from Manchester University, Mr. Summers held a variety of senior roles with BP prior to taking up the position at TNK-BP four years ago. He is a Fellow of both the Institute of Chemical Engineers and the Institute of Materials, Minerals and Mining.
Commenting on Tim's appointment, Holger Temmen, KCA Deutag's Chief Executive, said, "I am delighted that Tim is to join us as Non-Executive Chairman. He brings a wealth of experience in the oil and gas industry and I look forward to working with him."
William E. Macaulay, Chairman and CEO of First Reserve, said, "With a distinguished executive career at BP and a widely praised set of achievements at TNK-BP, Tim is a major figure in the international oil and gas industry. His knowledge and personal networks within the industry, and his strategic and operational skills, will be invaluable to the continued development of KCA Deutag's business. We are delighted that he has agreed to join us."