Regal Petroleum, the independent oil & gas exploration and production company with interests in the Ukraine, Romania and Egypt, is pleased to announce the appointment of Mr Robert Wilde as Finance Director of the Company with effect from 1 May 2008 and the appointment of Mr Ronan McElroy as Chief Technologist.
Mr Wilde (aged 43) has over 20 years experience in the energy industry, having worked in upstream, oil & gas, with Phillips Petroleum and Ranger Oil and also in the downstream power generation sector with Powergen and RWE. He has held a number of senior finance and managerial roles in respect of projects in Hungary, Germany, Italy, Portugal and Russia. Most recently, Mr Wilde was Finance Director of Baltic Oil Terminals Plc, having taken that company to IPO on the AIM market in 2006. He is a graduate in Geology & Geophysics from Imperial College, London and qualified as a chartered accountant with Ernst & Young.
Mr McElroy (aged 43) is a geoscientist with over 18 years experience in the upstream oil industry. He was with Shell for 9 years where, amongst other projects, he participated in the Guda discovery in Rajasthan, the first onshore discovery in India by a foreign company for over 50 years. Mr McElroy then worked for Saudi Aramco at strategic corporate level and most recently was Head of Production Development for Dubai Petroleum Establishment. He holds a BSc (Hons) in Geology from the University of Edinburgh and a PhD in Structural Geology and Sedimentology from the University of Cambridge.
The Board of Regal now comprises the following directors:
David J Greer (Chairman and Chief Executive Officer)
Harry Verkuil (Chief Operating Officer)
Robert Wilde (Finance Director)
Lord St. John of Bletso (Non-Executive Director)
Antonio Mozetic (Non-Executive Director)
Mr David Greer, Chairman and Chief Executive of Regal, said:
“This latest appointment of Robert Wilde as Finance Director and Ronan McElroy as Chief Technologist to the new Regal executive management team is further evidence of Regal’s continued commitment to strengthen and reinforce the executive management team and to improve overall corporate governance.”
“Robert brings a wealth of experience both from the broader energy sector and the City and he will be of great value to the Company and the Board as we continue to implement our corporate transformation and advance our field development and corporate growth plans. Ronan is an excellent geoscientist with a strong track record of delivery and he brings a pioneering approach to the application of technology and standards directed at value creation for Regal and our shareholders.”
