The board of directors of VOG is pleased to announce the appointment of James McBurney as a Non-Executive Director of the Company with immediate effect.
Mr McBurney has over 25 years' experience advising many of the U.S.'s largest power and gas companies. Previously he has headed the European Natural Resources investment banking group at Bank of America Securities in London from 2002 to 2005, which followed his role as a managing director with Merrill Lynch & Co. Inc.'s Energy & Power Group in New York. Mr McBurney started his banking career as an executive director with Goldman Sachs, in both New York and London.
Most recently, Mr McBurney acted as Chief Executive Officer at White Tiger Gold Ltd. He has previously served as Chief Executive Officer of HCF International Advisers Limited, prior to which he was Chief Executive Officer of JNR (UK) Limited, a Rothschild family-owned merchant bank with a primary focus on natural resources in the former Soviet Union. Mr McBurney served for five years in the US Marine Corps and has a MBA from Harvard Business School and a BA from Yale College. Mr McBurney is currently a non-executive director of Ruspetro plc and Sears Canada Inc.
Mr McBurney has no previous connections with the existing VOG directors and has been appointed through a formal process undertaken by the Company to strengthen the board.
Commenting today Kevin Foo, Chairman, said: "We welcome James McBurney to the board as he brings extensive operational and corporate experience to VOG at a time when we are looking to make important steps forward developing our energy supply business in Cameroon. As we bring online our first gensets at customer sites and begin building our electricity supply business in earnest it is important to secure individuals of the calibre of James to help us deliver real growth during 2014. We have the capital and expertise within VOG to realise our gas supply objectives."
