Capricorn Energy Plc
CNE:LN
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Company Profile
Capricorn Energy plc (formerly Cairn Energy plc) is a British oil and gas exploration and development company based in Edinburgh, Scotland. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. Capricorn is an Egypt-focused energy producer, with an attractive portfolio of onshore exploration, development and production assets in the Western Desert.
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Corporate
Board of Directors
Simon Thomson
Chief Executive
Simon Thomson was appointed as Chief Executive in July 2011 having been Legal and Commercial Director since 2006 and holding various posts across the organisation including head of assets. Simon originally joined Cairn in 1995 and holds an LLB (Hons) from Aberdeen University and a Diploma in Legal Practice from Glasgow University. He is also a non-executive director of Graham’s The Family Dairy Limited and a member of the advisory Board of the Winning Scotland Foundation. Simon chairs the Senior Leadership Team and the Group Risk Management Committee. He is a member of the Nomination Committee and attends meetings of the Remuneration Committee by invitation.
James Smith
CFO
James Smith was appointed to the Board in May 2014 as CFO. James joined Cairn in March 2014 from Rothschild where he was a director of the energy & power team with 15 years\' experience advising E&P companies, oil majors and national oil companies on their M&A transactions and equity and debt market financing. During his investment banking career, James was a long standing adviser to Cairn on every major transaction and financing from the IPO of Cairn India until he joined the company. Prior to joining Rothschild, James was a member of the oil & gas team at Merrill Lynch and prior to that at Harrison Lovegrove (now part of Standard Chartered Bank). In addition to his experience advising European oil and gas clients, James has previously spent time working in both Houston and Perth. He holds a BA (Hons) from the University of Oxford. James is a member of the Senior Leadership Team and the Group Risk Management Committee. He is also a member of the Governance Committee and attends meetings of the Audit Committee by invitation.
Ian Tyler
Non-Executive Chairman
Ian Tyler was appointed as non-executive Chairman in May 2014. Ian was initially appointed to the Board as an independent non-executive director in June 2013. Ian was Chief Executive of Balfour Beatty PLC from 2005 until March 2013. During this time he took the company from being primarily a UK construction business to a global infrastructure services business. Ian graduated with a first class degree in Commerce at Birmingham University. He then qualified as a chartered accountant with Arthur Andersen in 1987. Ian subsequently held a number of senior finance and operational positions within listed companies. Ian is non-executive chairman of Al Noor Hospitals Group plc, a non-executive director and chairman of the Audit Committee of Cable & Wireless Communications plc, a non-executive director of BAE Systems plc and a non-executive chairman of Bovis Homes Group Plc. Ian chairs the Nomination Committee and is a member of the Remuneration Committee, the Governance Committee and the Audit Committee.
Todd Hunt
Non-Executive Director
Todd Hunt was appointed as an independent non-executive director in May 2003. However, given his length of tenure he is no longer considered to be independent. Todd has 40 years’ experience in the oil and gas industry. He is President and joint owner of Atropos Exploration Company and Atropos Production Company based in Dallas, Texas. Todd is a member of the Remuneration Committee, the Governance Committee and the Nomination Committee.
Iain McLaren
Senior Independent Non-Executive Director
Iain McLaren was appointed as an independent non-executive director in July 2008. Iain is chairman of Investors Capital Trust plc and a non-executive director of Baillie Gifford Shin Nippon plc, Edinburgh Dragon Trust plc and Ecofin Water and Power Opportunities plc. He is also a past President of the Institute of Chartered Accountants of Scotland. Iain chairs the Audit Committee and is a member of the Nomination Committee and the Remuneration Committee.
M. Jacqueline Sheppar
Non-Executive Director
M. Jacqueline Sheppard QC was appointed as an independent non-executive director in May 2010. Jackie was previously Executive Vice President, Corporate and Legal at Talisman Energy Inc., a post she held for 15 years from 1993 to 2008. She holds a BA from the Memorial University of Newfoundland, BA and MA in Jurisprudence from Oxford University and LLB from McGill University. Jackie was admitted to the Law Society of Alberta (Canada) in 1982 and was appointed Queen’s Counsel for the Province of Alberta in 2008. Jackie is non-executive chairperson of Emera Inc., a public Canada-based international energy generation, transportation and distribution company. She is also a director of the general partner of Pacific NorthWest LNG LP, which was formed for the purpose of constructing, owning and operating an LNG facility in British Columbia. She is a founder of two upstream oil and gas companies and is the lead director and chair of the Audit Committee of one of those companies, Black Swan Energy Inc., a Canada-based private equity financed company. Jackie chairs both the Remuneration Committee and the Governance Committee.
Alexander Berger
Non-Executive Director
Alexander Berger was appointed as an independent non-executive director of Cairn in May 2010. Alexander is Chief Executive Officer of Oranje-Nassau Energie B.V., a private Dutch exploration and production company based in Amsterdam. Alexander holds a Masters degree in Petroleum Engineering from Delft University and an MBA from Rotterdam School of Management. Alexander is a member of the Audit Committee, Nomination Committee and Governance Committee.
Peter Kallos
Non-Executive Director
Peter Kallos was appointed as an independent non-executive director in September 2015. After a short period at Shell UK following its acquisition of Enterprise in 2002, Peter was appointed Executive Vice President International and Offshore for Petro-Canada. There he led and developed a significant international exploration and production business based in London which grew to account for more than half of Petro-Canada\'s worldwide production. Following Petro-Canada\'s merger with Suncor in 2009 he performed the same role for Suncor until the business was relocated to Canada in early 2010. He completed an undergraduate degree in Applied Physics at Strathclyde University followed by a postgraduate degree in Petroleum Engineering, starting his career as a Petroleum Engineer at Marathon Oil in 1982. Following a period at Carless Exploration, he joined Enterprise Oil in 1988 where he held a number of senior management positions including Head of Business Development, CEO Enterprise Italy and General Manager of the UK business during which he was appointed to Enterprise\'s Executive Committee. Peter is currently Chief Executive Officer of Buried Hill Energy, a UK based oil and gas business with activities in the Turkmen sector of the Caspian Sea. Peter is a member of the Nomination Committee and Governance Committee.
Keith Lough
Non Executive director
Keith Lough was appointed as an independent non-executive director in May 2015. Former Founder Shareholder and Chief Executive of Composite Energy Ltd from 2004 until 2011, when Composite was divested to Dart Energy, Keith has also held senior finance and operations positions at LASMO PLC and served as Finance Director of British Energy PLC from 2001 to 2004. He has an MSc in Finance from London Business School and a degree in Economics from University of Edinburgh, and is also a qualified chartered certified accountant. Keith is currently, a non-executive director and chairman of the audit committee of Rockhopper Exploration PLC and Papua Mining PLC, and has recently been appointed non- executive chairman of RSI inc, a geoscience technology company. He is also a non-executive director of Rock Solid Images PLC, and a non-executive director and chairman of the audit committee of the UK Gas and Electricity Markets Authority, which has supervisory responsibility for Ofgem. Keith is a member of the Audit Committee, Nomination Committee and Governance Committee.