Plexus non-executive director to retire

For illustration

A non-executive director of oil and gas services firm Plexus has decided to retire from his position in the company.

Plexus said on Tuesday that Geoffrey Thompson will retire from his role of non-executive director with effect from May 4, 2018.

This board change follows the recent completion of the sale of Plexus’ wellhead exploration equipment and services business for jack-up applications and the licensing of certain intellectual property to FMC Technologies (FMCT), a subsidiary of TechnipFMC.

Following the transaction, Plexus retains its jack-up exploration license agreement with LLC Gusar and CJSC Konar, two independent Russian oil and gas equipment manufacturers, covering Russia and the other members of the Commonwealth of Independent States, an area which the directors are confident will be an important part of the business going forward.

According to the company, the transaction provides industry recognition for Plexus’ proprietary POS-GRIP friction-based method of engineering and will enable Plexus to pursue an IP-led application and R&D approach in order to develop and supply, both organically and via licensing, a range of POS-GRIP-enabled applications for the energy sector, such as production, subsea, decommissioning and renewables.

Accordingly, the board of Plexus is now focused on achieving its long-term objective to establish POS-GRIP as a technology for the wider energy sector.

As a result, the company and Thompson recognize the need for the board to have the relevant skillset and experience required to take Plexus forward and have agreed that it is the appropriate time for Thompson to step down as the non-executive director.

Plexus’ CEO Ben Van Bilderbeek, said: “We are extremely grateful for Geoff’s valuable contribution to the development of Plexus, and I would like to thank him personally for his considerable support over the years. The board would like to wish him well for the future.

“When Geoff joined the Company in 2010, we were focused on establishing POS-GRIP as the enabling technology behind best in class wellhead equipment in terms of performance, reliability, and safety for the niche jack-up exploration market.”

Share this article

Follow Offshore Energy Today

Posted on February 13, 2018 with tags .

Events>

<< May 2018 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Annual Ghana Summit 2018

The 8th Annual Ghana Summit took place 22 – 23 June 2017 and was a huge success…

read more >

25th Anniversary International Caspian Oil & Gas Conference

In 2018, the largest oil and gas event in the Caspian Region – the Caspian Oil & Gas Exhibition and Conference Incorporating Refining…

read more >

7th Oil and Gas Kenya 2018 Products & Eqpt. Exhibition in Africa

The 07th Oil & Gas Africa – Int’l Trade Exhibition, 29 – 31 May, 2018, is a hub for key players in the oil and gas…

read more >

FPSO Brazil Congress 2018

This is the first and only conference dedicated to the entire lifecycle of the Brazilian FPSO industry…

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply