Cairn Energy announces that Sir Bill Gammell will retire as non-executive chairman of the company with effect from the conclusion of the company’s AGM on May 15. As part of Cairn’s long-term succession planning, Gammell will be succeeded by Ian Tyler, who is currently a non-executive director of the company.
The board, led by Iain McLaren, the senior independent director, believes that Tyler’s abilities as a non-executive chairman and his extensive listed company experience in multiple countries, which were recognized when he joined the company’s board, make him ideal for the role of Cairn’s non-executive chairman.
Chief Executive Simon Thomson said, “Bill has been an exceptional leader and leaves a lasting legacy at Cairn. His role in the company’s growth over 25 years has delivered significant value to shareholders. I am delighted that Ian Tyler has agreed to become our new chairman, given his extensive listed company and non-executive experience.”