Appointment of Non-Executive Director
10 January, 2017
Cairn is pleased to announce the appointment of Nicoletta Giadrossi as an independent non-executive director with effect from 10 January 2017.
Nicoletta will also become a member of the Company’s remuneration committee.
Nicoletta Giadrossi holds a BA in Mathematics & Economics from Yale University and an MBA from Harvard Business School. She began her career with The Boston Consulting Group before moving to General Electric, where she progressed through a series of P&L management roles in several European divisions in Equipment and Capital Goods before taking on global responsibility for GE’s Oil & Gas Refinery & Petrochemicals Division, based in Florence.
Nicoletta subsequently spent three years in private equity based in Paris before returning to the Oil and Gas industry as VP & General Manager, EMEA at Dresser-Rand. Following the sale of Dresser-Rand to Siemens, Nicoletta moved to Norway as Investment Director in holding company Aker Asa, where she was responsible for overseeing the main portfolio company, Aker Solutions, and a member of its board of directors. She subsequently was appointed Head of Operations at Aker Solutions. In 2014 she took up the role of President Europe, Africa, Russia & India at Technip, where she had oversight of €3.7 billion revenues, more than 10,000 employees and responsibility for onshore, offshore and subsea activities in the Region.
Following Technip’s merger with FMC, Nicoletta has focused on non-executive director roles and she is currently an independent non-executive board member at Fincantieri, Bureau Veritas and Faiveley Transport, as well as on the board of Senior Advisors for Bain Capital Partners.
Ian Tyler, Chairman of Cairn, said:
“I am delighted to welcome Nicoletta Giadrossi to the Cairn Energy Board. Nicoletta brings a wealth of international senior management and oil and gas industry experience. Her appointment will bring additional breadth to our Board and provide a different perspective on our business.”
- Cairn instructed independent recruitment consultants Spencer Stuart in connection with the appointment of Nicoletta Giadrossi.
- Nicoletta Giadrossi does not currently hold any Cairn shares and no further information in connection with her appointment is required to be disclosed pursuant to Listing Rule 9.6.13R.
- The fees payable to Nicoletta Giadrossi in her role as non-executive director are currently £74,900 per annum. The fees payable to Cairn’s non-executive directors are reviewed on an annual basis.
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|David Litterick||Brunswick Group LLP||0207 404 5959|
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