Offshore staff
EDINBURGH, Scotland — Capricorn Energy has appointed six new members of the board of directors: Chris Cox, Maria Gordon, Richard Herbert, Hesham Mekawi, Tom Pitts,and Craig van der Laan. The new directors join sitting members Catherine Krajicek and Erik B. Daugbjerg to form a reconstituted board.
Subsequently, the new board met to agree immediate priorities and appointed Craig van der Laan as Capricorn’s chair, Chris Cox as Capricorn’s interim CEO and Richard Herbert as senior independent director.
The board will be conducting a comprehensive strategic review of Capricorn’s business and the several potential directions for the future of the company. These will be evaluated from the perspective of both maximizing the company’s value and acting in the best interests of all stakeholders.
The board also recognizes matters that require immediate attention, including the adjourned shareholder meeting on the proposed NewMed transaction and plans to consider a significant distribution of cash to shareholders in excess of operating requirements. The decision by the previous board to adjourn the General Meeting to seek shareholder approval for the NewMed transaction, planned for Feb. 22, provides an opportunity for the current board to evaluate the merits of the transaction and determine the best path forward/make a recommendation to shareholders, Capricorn said.
02.03.2023
