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Gasol Appoints Alan Buxton as Chief Operating Officer

Source: 2/21/2012, Location: Europe

Gasol is pleased to announce the appointment of Alan Buxton as its Chief Operating Officer with immediate effect. Mr. Buxton joins the Board of Gasol from Standard Bank plc where he was a Managing Director and Global Head of its Power and Infrastructure Group, with responsibility for building the bank’s franchise into several territories, including Africa, advising clients on a number of domestic and cross-border transactions.

Prior to working with Standard Bank plc he was a core member of Royal Bank of Canada’s Infrastructure Finance Group, having joined in 2000, and over the following eight years built it into a significant business with gross revenues of C$250 million. Mr. Buxton joined Royal Bank of Canada from National Power plc where for three years he led the evaluation and acquisition of generating assets in Europe, the Middle East and India; and was responsible for all aspects of project management, including construction, operations, power offtake, financing, risk assessment and shareholder returns. Ewen Wigley, Gasol’s former Chief Operating Officer, will remain a Director of the Company and work on a part time basis with Mr. Buxton to assist with the delivery of Gasol’s strategy. For the remainder of his time Mr. Wigley will return to Gasol’s major shareholder, African Gas Development Corporation Ltd, where he will serve as its Head of Corporate Development.

Commenting on the appointment Mr. Wigley said: “Having refocused the Company's strategy and set it on its development path, I am pleased to welcome Alan to Gasol. I am sure that he will prove instrumental in delivering Gasol?s strategy, which aims to monetise stranded gas assets in the Gulf of Guinea particularly focusing on the developing West African gas-to-power sector.”

“Alan brings with him a 25 year track record of highly relevant sector experience and corporate finance expertise with a particular specialism in highly regulated international environments.”

Commenting on his appointment Mr. Buxton said: “I am delighted to be joining Gasol at an exciting and pivotal time in its development. Stranded gas assets in West Africa offer huge opportunities for the region to take more control of its future and I am looking forward to delivering Gasol?s strategy for growth over the coming months and years.” In accordance with his service contract, on formally taking up his duties as a Director of the Company and its Chief Operating Officer, Alan Buxton has today been granted an option over 15 million shares in the Company,

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