Directorate Changes (30 April 2020)
Parkmead, the UK and Netherlands-focused independent energy group, is pleased to announce the appointment of Mr Colin MacLaren as a Non-Executive Director of the Group.
Mr MacLaren has over 37 years of experience in commercial law. His most recent role was as a Partner at Brodies LLP. Colin holds a LLB law degree from the University of Aberdeen.
As Parkmead grows, the Board continuously plans for the developing needs of the Group. The last 12 months have seen significant progress across our key projects in oil and gas, plus a strategic move into renewable energy opportunities. Therefore, the Board has recruited a number of experienced new staff to ensure Parkmead can deliver the maximum value from its enhanced, high-quality asset base.
The Company has made a carefully integrated series of appointments to firstly increase the team's capabilities, and secondly to prepare for planned retirements. This has included appointing a new Managing Director for the North Sea, a new Group Financial Controller and a new Managing Director for Aupec Ltd.
The Board would like to express its thanks to Ian Rawlinson, for his invaluable counsel and guidance as a Non-Executive Director since 2010. In line with UK governance principles, Ian retires from the Board of Directors with effect from 30 April 2020, having given excellent service to the Company. We welcome Ian's successor Colin MacLaren, as a Non-Executive Director of the Group, who will take up his appointment on 1 May 2020.
Given the continued renewal of expertise and independent thinking outlined above, Parkmead is well positioned for future growth with a strong and balanced portfolio of assets and an experienced team focused on delivery.
Tom Cross, Executive Chairman, commented:
"Colin brings a wealth of experience to the Parkmead Board of Directors at this important time in the Group's development. His extensive legal and commercial knowledge, including across the land and property arena, will be valuable to Parkmead as we grow our portfolio beyond the oil and gas sector to include onshore renewable energies.
On behalf of everyone at Parkmead, I would like to thank Ian for his important contribution to the Board and we all wish him well for the future".
Details of directorships that Mr Colin James MacLaren, age 60, holds, or has held in the previous five years, are given below:
Brodies & Co. (Trustees) Limited
Brodies Secretarial Services Limited
DWS Trustees Limited
Atholl Security Trustee Limited
Warehouse 13 Limited
Colin MacLaren does not hold any ordinary shares in the Company.
Save for the declarations above there is no further information to be disclosed under Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.
The Parkmead Group plc +44 (0) 1224 622200
Tom Cross (Executive Chairman)
Ryan Stroulger (Chief Financial Officer)
Arden Partners plc (Financial Adviser, NOMAD and Corporate Broker to Parkmead) +44 (0) 20 7614 5900
Instinctif Partners Limited (PR Adviser to Parkmead) +44 (0) 20 7457 2020
This announcement is inside information for the purposes of Article 7 of Regulation 596/2014.