EnQuest plc directors Howard Paver, Carl Hughes and John Winterman will leave the board at the end of the general meeting on 5 June.
DEVELOPMENTS
The changes are in accordance with the company’s strategy “to develop its infrastructure and new energy opportunities alongside its core upstream and decommissioning businesses.”
The announcement is also in line with the related board renewal process.
Mr Paver was appointed senior independent director in May 2019; Mr Hughes was made a non-executive director (NED) in January 2017; and Mr Winterman became a NED in September 2017.
VALUE
Chairman Gareth Penny said the directors had made considerable contribution to EnQuest over many years.
“Howard has discharged his role of director with sensitivity and diligence and, as senior independent director, he took responsibility for the appointment of the new board chair last year and has served on a number of board committees with distinction.
“Carl has been with us since January 2017 and we have benefited greatly from his wisdom and insight in relation to financial, audit and other matters.
“John has deep industry expertise and has challenged and supported management in reviewing opportunities and decision making on a wide range of technical and subsurface matters.
“Each of these directors has focused on delivering value to shareholders and upholding the interests of all our stakeholders.
“The company thanks them for their service and looks forward to opportunities to work with them in the future.”