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New Chief Financial Officer at Lamprell

Source: www.gulfoilandgas.com 8/28/2013, Location: Middle East

Lamprell (LAM), a leading provider of diversified engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries, announces that the Groupís Chief Financial Officer, Frank Nelson, has informed the Company of his intention to leave Lamprell to return to the UK for personal reasons. Lamprell is pleased to announce that Joanne Curin will be joining the Group as Chief Financial Officer effective from 1 October 2013. Joanne is an experienced Finance Director, with broad international business experience and significant listed company expertise. Frank Nelson will work with her until the end of October 2013 to ensure an orderly transition.

Ms. Curin has held senior management and board positions for a number of large multinational companies including Lend Lease Corporation and P&O (POSNCo), in roles covering strategy, finance, tax, corporate governance and information technology. Joanne is currently non-executive director for WS Atkins plc and Deep Ocean Group Holdings AS.

John Kennedy, Chairman, Lamprell, commented:
ďIt is with regret that Frank Nelson has informed the Company of his intention to leave the Group for personal reasons. Frank originally joined Lamprell on an interim basis last October to allow the Board sufficient time to identify a replacement and so I am very pleased to announce that we have been able to appoint Joanne Curin to replace Frank in the role as she brings a wealth of experience and expertise, particularly in light of her many years of working at the most senior level for listed companies.

I have confidence that she will work closely with Jim Moffat as CEO and together they will build on the good work that the executive management team has undertaken over the last nine months, to ensure that Lamprell remains a competitive force in the industry, capable of delivering sustainable growth over the long-term.

I would also like to take the opportunity to thank Frank Nelson, whose contribution to the Group since joining in October last year has been outstanding, especially his work in strengthening the working capital profile of the Group and securing the Groupís new debt facility, and the Board has greatly appreciated his assistance through this difficult period."

In accordance with the UK Listing Rules, the Company confirms that there are no further details that are required to be disclosed under paragraph LR 9.6.13 R of the UK Listing Rules in respect of Joanne Curin other than as follows:
Current Directorships
- Non-executive director of WS Atkins plc
- Non-executive director of Deep Ocean Group Holdings AS
Previous Directorships (past 5 years)
- Intelligent Engineering Ltd

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