Jadestone Energy plc (AIM:JSE) ("Jadestone" or the "Company"), an independent upstream production company focused on the Asia-Pacific region, is pleased to announce the appointment of Andrew Fairclough as Chief Financial Officer ("CFO") and Executive Director of the Company, effective 29 October 2024. Mr. Fairclough will join the Company's Disclosure Committee and will relocate to Singapore in the coming months.
Bert-Jaap Dijkstra, who has stepped down as CFO and Executive Director with immediate effect, will remain with the Company for a handover period prior to his planned departure in early November 2024.
Mr. Fairclough has nearly 30 years of corporate finance, capital markets and senior management and board experience across multiple geographies, including corporate strategy, debt and equity structuring and capital raising, mergers and acquisitions, capital management, financial planning, budgeting and financial reporting.
From 2020 to 2023, Mr. Fairclough was CFO of Serinus Energy Plc, an AIM quoted exploration and production (E&P) company with operations in Romania and Tunisia. Before that, he was CFO and Corporate Secretary of Whalsay Energy Limited, a private company focused on upstream appraisal and development on the UK Continental Shelf. Mr. Fairclough is currently a Non-Executive Director of Corcel Plc, an AIM quoted oil and gas E&P company focused on Angola and Brazil.
Following a career in the UK military and prior to his upstream CFO roles, Mr. Fairclough had a 17 year career in investment banking, with experience in both corporate finance and corporate broking across several sectors, principally at Rothschild and Merrill Lynch. Mr. Fairclough holds a LLB Laws degree from University College London.
Paul Blakeley, President and CEO commented:
"I am delighted to welcome Andrew to the company and on behalf of everyone at Jadestone, wish him success in his new role. With his investment banking background and recent executive and board roles with upstream companies, he has the ideal blend of skills and experience required to help us execute on our strategic aims."
