Premier Oil PLC Appointment of Chief Financial Officer (6838M)
January 25 2021 - 2:00AM
UK Regulatory
TIDMPMO
RNS Number : 6838M
Premier Oil PLC
25 January 2021
Premier Oil plc
"Premier" or the "Company"
Appointment of Chief Financial Officer
25 January 2021
Further to the publication of its prospectus and circular on 16
December 2020 in connection with the proposed merger between the
Company and Chrysaor Holdings Limited by way of a reverse takeover
(the "Merger"), Premier announces the proposed appointment of
Alexander Krane as Chief Financial Officer. Alexander will be
appointed with effect from the later of completion of the Merger
and 15 April 2021. He will replace Richard Rose who will resign
from his role as Interim Chief Executive Officer and Finance
Director with effect from the same date.
Alexander Krane has over 20 years of experience from holding
various accounting, controlling and executive roles in the energy
industry. Alexander started his career at KPMG, working in both
Norway and the US from 1999 to 2006. After working as Group
Controller for Norse Energy Corp., a junior E&P company with
operations in Brazil and onshore US, Alexander joined Aker ASA as
Corporate Controller in 2010. In 2012, Alexander joined Det norske
oljeselskap ASA as Chief Financial Officer, responsible for all
financial functions as well as strategy, business development and
M&A. After the merger with BP Norway in 2016, Alexander
remained Chief Financial Officer of the merged entity, Aker BP ASA.
In 2019, Alexander left Aker BP ASA to become Investment Director
at Aker ASA, responsible for Aker ASA's oil and gas investments.
Alexander holds a Master of Science in Business from The University
of Nordland and an MBA from The Norwegian School of Economics.
Alexander is also a State Authorized Public Accountant in
Norway.
A new service agreement will be put in place between Alexander
and Premier following completion of the Merger. It is intended that
the terms will be appropriate for an executive director of a group
of the size, complexity and nature of the Company following
completion, which will take into account appropriate and recognised
benchmarking and existing remuneration arrangements.
There is no further information to be disclosed pursuant to
Listing Rule 9.6.13 in connection with this appointment.
Enquiries
Premier Oil plc
Roy Franklin, Chairman
Elizabeth Brooks, Head of Investor Relations 020 7824 1116
Camarco
Billy Clegg
Georgia Edmonds 020 3757 4983
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