Independent Oil and Gas plc, the North Sea focused Oil and Gas Company, has announced that Paul Murray is joining the board, effective immediately.
Murray began his career as a Petroleum Engineer with Mobil North Sea and joined Lasmo Plc in 1988 where he worked in a variety of commercial roles before becoming Group Finance Director in 1998 until the sale of the company to ENI in 2001.
Murray now has a portfolio of non-executive directorships, both quoted and private – and currently serves as Audit Committee Chairman at Royal Mail Group PLC and at Qinetiq PLC. He is a founding shareholder of IOG.
Paul Murray, Non-Executive Director of IOG said: “I have been keen to return to the oil and gas industry for some time and the board and executive team of IOG have convinced me that their ambition to grow into a significant development and production company is eminently achievable. I believe my experience in helping LASMO Plc grow into a FTSE 100 company along with more recent roles as a corporate advisor will be invaluable to IOG during this exciting phase in the Company’s development.”
Mark Routh, CEO of IOG said: “We have wanted Paul to join the board for some time and we are delighted that IOG has now made sufficient progress to attract him to do so. We all share the same ambition to grow IOG into a significant profitable company and look forward to working with Paul along with the rest of the team to take IOG to the next level.”
Press Release, March 12, 2014