07 May 2020
Cairn announces that its Chairman, Ian Tyler, has indicated to the Board that, having served on the Board for seven years, six of them as Chairman, and mindful of good corporate governance practice, it is his intention to retire from the Board once a successor has been appointed.
The Board will begin a thorough and comprehensive process to identify and appoint a successor and enable an orderly handover, in accordance with the Board’s existing succession planning.
Mr Tyler has indicated his commitment to serve as Chairman of the Board of Cairn until such process is completed, which is anticipated to take place within the next twelve months.
A further announcement will be made in due course.
David Nisbet, Corporate Affairs
Tel: 0131 475 3000
Linda Bain, Corporate Affairs
Tel: 0131 475 3000
Patrick Handley/David Litterick
Brunswick Group LLP
Tel: 0207 404 5959
Ian Tyler qualified as a chartered accountant with Arthur Andersen in 1985, subsequently holding a number of senior finance and operational positions within listed companies before being appointed Chief Executive of Balfour Beatty plc from 2005 to 2013. Ian is Chair of Cairn’s Nomination committee and is a member of the Remuneration Committee. Other key external appointments are Non-executive director of BAE Systems plc, Non-executive Chairman of Vistry Group PLC (formerly Bovis Homes Group PLC), Independent Chairman of AWE Management Limited and Non-Executive Chairman of Amey PLC (a wholly owned subsidiary of a Spanish listed company).
About Cairn Energy PLC
Cairn is one of Europe's leading independent oil and gas exploration and development companies and has been listed on the London Stock Exchange for 30 years. Cairn has explored, discovered, developed and produced oil and gas in a variety of locations throughout the world as an operator and partner in all stages of the oil and gas lifecycle.
Cairn’s exploration activities have a geographical focus in the North Sea, West Africa and Latin America, underpinned by interests in production and development assets. Cairn has its headquarters in Edinburgh, Scotland supported by operational offices in London, Senegal and Mexico.
For further information on Cairn please see: www.cairnenergy.com