Ophir Energy restructures board and committee membership

Effective April 30, Nicholas Smith will be retiring as a director after nine years on Ophir Energy's board, the past seven of which he served as chairman. William Schrader has been chosen to succeed Smith as chairman, also effective April 30.

Schrader has over 30 years of experience working at BP plc, including as chief executive of several country operations, as president of the Azerbaijan International Operating Co. and as COO of TNK-BP. He joined the Ophir board as a non-executive director in February 2013.  Schrader also serves as a non-executive director for the Hess Corp., CHC Group Ltd., and Bahamas Petroleum Co. plc. He holds a Bachelor of Science degree in chemical engineering from the University of Cincinnati, and a Master of Business Administration degree from the University of Houston.

Schrader will join the Nominations Committee with immediate effect and will assume the position of chairman of the Nominations Committee as of April 30. At that time, he will step down from the Audit Committee and will resign as chairman of the Corporate Responsibility Committee but will continue as a member of this committee. Dr. Carol Bell will replace Schrader as chairman of the Corporate Responsibility Committee, again effective April 30.

Ronald Blakely has notified the board of his intention not to stand for reelection as a non-executive director of Ophir at the 2017 Annual General Meeting. He will consequently be stepping down from his roles as senior independent director, as chairman of the Audit Committee, and will retire as a director, all in the first quarter of 2017.

The board has decided that the role of CFO will be elevated to that of an executive director. Consequently, Anthony Rouse, Ophir's CFO, will become an executive director with immediate effect. He joined Ophir in October 2014, and has over 30 years of experience in the upstream oil and gas industry, including 13 years of assignments in Europe, Africa, Asia, and South America. Rouse started his career with BP, before moving to LASMO plc, Premier Oil, and, most recently, Salamander Energy, where he was group financial controller for nine years. He is a Fellow of the Chartered Certified Accountants.\


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