Premier Oil Names Roy Franklin As Chairman

Reuters

Aug 10 (Reuters) - Premier Oil Plc has hired oil and gas industry veteran Roy Franklin as its chairman to succeed Mike Welton, who said in March that he would step down on appointment of a successor.

Franklin, who is currently the interim chairman of Norway's Statoil, will assume the role of Premier Oil's non-executive chairman from Sept. 1, the company said.

During his 40 years in the industry, Franklin has worked with many companies, including oil major BP where he stayed for 18 years. He is also lined up to become deputy chairman of the combined group when oilfield services Wood Group completes its acquisition of rival Amec Foster Wheeler .

Premier Oil, which had been struggling with high levels of debt before agreeing to a restructuring deal in February, made a loss before tax in 2016 but its share price rose 52 percent as the crude oil prices recovered.

The North-Sea focused oil producer also named Dave Blackwood and Mike Wheeler as non-executive directors with immediate effect.

Welton is leaving Premier Oil after eight years at the helm.

(Reporting by Rahul B in Bengaluru; Editing by Gopakumar Warrier)

Copyright 2017 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Administrative Assistant 3
Expertise: Executive|Secretarial or Administrative
Location: Houston, TX
 
United States Williston: District Technology Manager
Expertise: Technical Manager
Location: Williston, ND
 
United States Houston: Direct Sales Engineering Manager
Expertise: Business Development|Engineering Manager|Sales
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $51.87/BBL 0.40%
Light Crude Oil : $47.64/BBL 0.56%
Natural Gas : $2.94/MMBtu 0.67%
Updated in last 24 hours