Enteq Upstream plc ("Enteq" or the "Company")
Enteq, the oilfield services technology and equipment supplier announces that Neil Hartley was appointed to the Board of Directors, as a Non-executive Director, and chairman of the Remuneration and Audit committees on 24 March 2020. Neil also joins as a member of the Nomination committee.
Neil brings extensive senior private equity investor and Non-executive Director experience with over 25 years in operations, professional services and as private equity principal across a diverse set of energy industry services, equipment and technology companies globally. For the last 13 years Neil was with First Reserve Corporation, a leading global private equity investment firm exclusively focused on energy. After graduating from Oxford University with an engineering degree Neil trained with Schlumberger Ltd as a Field Engineer before moving onto McKinsey & Company as a Strategic Consultant following an MBA at Harvard Business School. Neil spent time in Investment Banking with Simmons & Company International before moving to First Reserve.
Robin Pinchbeck, who has been serving as a Non-executive Director since Enteq was admitted to AIM in 2011, retired from the Board on 24 March 2020. In addition, he has relinquished his membership of the Remuneration, Audit and Nomination committees.
Iain Paterson, Non-Executive Chairman of Enteq Upstream plc, commented:
"I am pleased to welcome Neil to the Board. His extensive knowledge of our sector plus his experience of private equity, investment banking and strategic consultancy will further enhance the Board's capabilities.
"I would like to thank Rob for the major contribution he has made to Enteq Upstream since his appointment. His counsel has proved invaluable to the Board throughout his tenure"
For further information, please contact:
Enteq Upstream plc +44 (0) 1494 618739
Martin Perry, Chief Executive Officer
David Steel, Finance Director
Investec Bank plc (Nomad and Broker) +44 (0) 20 7597 5970
Chris Treneman, Patrick Robb, David Anderson
Additional disclosures pursuant to Schedule 2(g) of the AIM Rules with regards to the appointment of Neil John Hartley (aged 54 years):
Current directorships and partnerships:
Past five years' directorships and partnerships:
Telford Offshore Holdings Limited
First Reserve International Limited
NJH Energy Ltd
Trillium Flow Technologies Holdco Limited
FR Flow Control Topco Limited
Dolphin Invest 2 AS
FR Dolphin Lux Holdings SARL
FR Norway 1 AS
FR Norway 2 AS
FR Norway 3 AS
FR Norway 4 AS
FR Norway 5 AS
FR Norway 6 AS
FR Norway 7 AS
FR Norway 8 AS
FR Norway 9 AS
FR Norway 10 AS
DOF Subsea AS
DOF Subsea Holding AS
DOF Subsea Holding 2 AS
M Group Services Limited
Thor Topco Limited
Thor Midco Limited
Thor Holdco Limited
First Reserve Momentum Corporate Limited
There is no other information that is required to be disclosed with regards to the appointment of Neil Hartley pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.
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