Karoon is pleased to announce the appointment of two new independent, non-executive
directors, Ms Melissa Holzberger and Ms Joanne Palmer effective 19 April 2024.
The appointment of Ms Holzberger and Ms Palmer follows an extensive search and
shortlisting process using the services of a specialist non-executive director search firm. Ms
Holzberger and Ms Palmer’s respective skills and experience align with the Board’s skills
matrix and future renewal requirements at both Board and Committee levels, as well as
Karoon’s diversity goals.
Ms Holzberger is an experienced independent non-executive director and Commercial,
Energy and Resources Lawyer with over 20 years’ experience in the international energy and
resources sector. She brings a deep understanding of energy operations and projects, having
previously worked with BHP (including with BHP Petroleum assets), Rio Tinto and as a trusted
adviser to multinational and Australian companies.
Ms Palmer is also an experienced non-executive director of ASX-listed and unlisted
companies in Australia’s resources sector, and has over 27 years of professional experience
providing audit and assurance services as a Partner with EY and Pitcher Partners. Her
international experience spans over 25 years as a former external auditor and advisor to UK
and Australian companies operating in Africa, Europe, America and Australasia
In addition to the election of Ms Holzberger and Ms Palmer, Mr Peter Turnbull and Mr Carlos
Tadeu da Costa Fraga will be proposed for re-election at the Annual General Meeting (AGM)
to be held on 23 May 2024 in Melbourne, pursuant to Karoon’s Constitutional requirements
for retirement and re-election of incumbent directors. The Board believes that the re-election
of Mr Turnbull and Mr Fraga is critical to the continuity of governance oversight at Karoon, in
particular given our transition year and recent acquisition in the Gulf of Mexico, US.
Commenting on these Board changes, Karoon Chair Peter Botten said “These measured
changes represent a continuation of succession planning for our Board, reflecting continued
growth in our Company, building its production base, geographical diversity and capabilities.
We are very pleased to welcome Melissa and Joanne to the Karoon Board. They bring
substantial financial, commercial, audit legal and governance skills to our Board, along with
material oil, gas and energy experience in executive and Board roles.”
The Notice of Meeting for the AGM will be released today and will contain full details of the
director elections, as well as other matters for consideration and approval by shareholders.
An Appendix 3X – Initial Director’s Interest Notice for each of Ms Holzberger and Ms Palmer is
attached.
This announcement has been authorised by the Board of Karoon Energy Limited.
