Capricorn Energy plc has appointed Luis Araujo as an independent non-executive director (NED) with effect from 11 May 2022.
Mr Araujo has more than 38 years’ experience in the oil and gas and energy markets, predominantly in Brazil and Scotland.
He was chief executive officer and president of Aker Solutions from 2014 to 2020 and the first non-Norwegian CEO in the company’s 175-year history.
Prior to his appointment as CEO, he was executive vice-president and region president, Brazil.
Mr Araujo is also board chairman of privately owned Principle Power Inc. (appointed 2021) and Sao Paulo listed OceanPact Servicos Maritimos SA (2020).
He is a NED of privately owned Brazilian upstream company DBO Energy SA (2021).
And Mr Araujo is an independent director of Oslo Stock Exchange listed Akastor ASA (2021) and Magseis Fairfield ASA (2019).
He holds no Capricorn shares. The company will pay him £77,765 pa as an independent NED.
Mr Araujo has a BEng Mechanical Engineering degree from University Gama Filho, Rio de Janeiro and an MBA from the University of Edinburgh.
He holds Brazilian, Portuguese and British nationality.