United Oil & Gas PLC (LON:UOG), the growing oil and gas company with a portfolio of production, development, exploration and appraisal assets, has announced the appointment of Tom Hickey as an independent non-executive director with effect from January 1, 2021.
The group noted that Hickey is known across the oil and gas industry and beyond as a significant contributor to the success of Tullow Oil PLC in his role as CFO from 2000-08. During this time he was central to the successful conclusion of major acquisitions and exploration discoveries which helped shape that company into a leading Independent oil and gas exploration and production company. He developed and implemented the financial strategy which saw Tullow grow from a micro-cap company to a FTSE 100 business valued at $15bn.
Hickey is currently CEO of Boru Energy Limited, the West African focussed private oil and gas company, which is supported by The Carlyle Group. In addition to his work with Boru and Tullow, he has served on the boards of a number of oil and gas businesses, building experience in finance and operations in projects across the globe, including markets in which United Oil & Gas currently participate.
The company also announced that Alberto Cattaruzza will step down from its board on December 31, 2020, having served as a non-executive director since the firm’s listing as United Oil and Gas in 2017. Cattaruzza was an important part of the team that supported the original listing of United through the reverse takeover of Senterra Energy PLC, where he was a director.
In a statement, Graham Martin, chairman of United Oil and Gas commented: “I am delighted to welcome Tom Hickey to the Board of United Oil and Gas. He brings substantial experience in the oil and gas industry and in particular of constructing, financing and executing transformational deals.
“Tom will chair our Audit Committee and will sit on our AIM Compliance and Remuneration Committees, further strengthening our governance in these regards.”
He added: “I would like to thank Alberto for his contribution to the listing and growth of United. His input was important at this formative time in the company’s development and those of us who have served with him appreciate his energy and positive approach.
“In the last 12 months we have significantly strengthened our board, bringing in leaders with a globally acknowledged track record in this sector. These additions to our team not only deliver sound counsel to our management, they also increase the already impressive network of contacts which the business can engage with. They are also a further indication of the ambition of this Company. Our Board is now well positioned to drive the growth that we know is possible from our assets and our team.”