Kosmos Founding Partner Brian F. Maxted to focus on Chief
Exploration Officer role
DALLAS--(BUSINESS WIRE)--Jan. 13, 2014--
The board of directors of Kosmos
Energy (NYSE: KOS) announced today that it has appointed Andrew
(Andy) G. Inglis as chairman of the board and chief executive officer,
effective March 1, 2014. Current CEO Brian F. Maxted, a founding partner
of Kosmos, will serve in the role of chief exploration officer and
continue to serve on the board. As previously announced and simultaneous
to Inglis’ appointment, John Kemp III, Kosmos’ current chairman of the
board, will retire from the board of directors and from his consulting
position with the company.
“We are delighted to welcome Andy to Kosmos,” said Brian F. Maxted. “We
are fortunate to have attracted a leader of his caliber, which is
testament to the reputation Kosmos has in our business and the company’s
future. His appointment will enable me to focus my full attention on
ensuring delivery of the company’s exploration strategy.”
“Kosmos represents one of the most exciting opportunities to lead a
company in the E&P industry in terms of the quality of both the
development assets and the exploration portfolio,” said Andy Inglis.
“Kosmos’ proven ability to find and develop hydrocarbons in frontier and
emerging basins is strengthened by its commitment to corporate
responsibility. I am honored to join Brian and the team as chairman and
CEO and look forward to creating value for all our stakeholders. 2014
will be an exciting year for Kosmos as the company starts to unlock its
world-class exploration portfolio with a high-impact drilling program.”
“The board thanks John for his many contributions and wishes him all the
best in his future endeavors,” said Adebayo O. Ogunlesi, chairman of the
board’s nominating and governance committee. “The board also values
Brian Maxted’s many contributions to Kosmos since its founding and is
grateful for his continued presence on the board and his focus on his
critical role as chief exploration officer.”
Andy Inglis joined Petrofac Ltd in January 2011 having spent 30 years
with BP, most recently as CEO of its exploration and production
business. He was an executive director on the BP board between 2007 and
2010. From 2004 to 2007, he was BP executive vice president and deputy
chief executive of E&P, with responsibility for BP's growth areas,
including Azerbaijan, Angola, Algeria, Gulf of Mexico, Egypt, Trinidad,
and the Asia-Pacific region. He is a former non-executive director of
BAE Systems plc and TNK-BP Ltd. Mr. Inglis holds a master’s degree in
Engineering from Pembroke College, Cambridge University. He is a
Chartered Mechanical Engineer, a Fellow of the Institution of Mechanical
Engineers, and a Fellow of the Royal Academy of Engineering.
Brian F. Maxted has served as chief executive officer since January
2011, leading Kosmos in all aspects of the business to deliver its
corporate strategy and become a best-in-class organization. Prior to
taking on the role of chief executive officer, he served as chief
operating officer of the company. Before co-founding Kosmos in 2003, he
was senior vice president of exploration for Triton Energy, where he led
a series of discoveries offshore Equatorial Guinea, Malaysia and
Colombia. He holds a master’s degree in organic geochemistry and
petrology from the University of Newcastle-upon-Tyne and a bachelor of
science in geology from the University of Sheffield.
About Kosmos Energy
Kosmos Energy is a leading independent oil and gas exploration and
production company focused on frontier and emerging areas along the
Atlantic Margin. The Company’s asset portfolio includes existing
production and other major development projects offshore Ghana, as well
as exploration licenses with significant hydrocarbon potential offshore
Ireland, Mauritania, Morocco (including Western Sahara) and Suriname. As
an ethical and transparent company, Kosmos is committed to doing things
the right way. The Company’s Business
Principles articulate our commitment to transparency, ethics, human
rights, safety and the environment. Read more about this commitment in
the Kosmos 2012
Corporate Responsibility Report. Kosmos is listed on the New York
Stock Exchange and is traded under the ticker symbol KOS. For additional
information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1933 and Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical facts, included in this press release that
address activities, events or developments that Kosmos expects, believes
or anticipates will or may occur in the future are forward-looking
statements. Kosmos’ estimates and forward-looking statements are mainly
based on its current expectations and estimates of future events and
trends, which affect or may affect its businesses and operations.
Although Kosmos believes that these estimates and forward-looking
statements are based upon reasonable assumptions, they are subject to
several risks and uncertainties and are made in light of information
currently available to Kosmos. When used in this press release, the
words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or
other similar words are intended to identify forward-looking statements.
Such statements are subject to a number of assumptions, risks and
uncertainties, many of which are beyond the control of Kosmos, which may
cause actual results to differ materially from those implied or
expressed by the forward-looking statements. Further information on such
assumptions, risks and uncertainties is available in Kosmos’ Securities
and Exchange Commission (“SEC”) filings. Kosmos undertakes no
obligation and does not intend to update or correct these
forward-looking statements to reflect events or circumstances occurring
after the date of this press release, except as required by applicable
law. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. All forward-looking statements are qualified in their
entirety by this cautionary statement.
Source: Kosmos Energy
Kosmos Energy
Investor Relations:
Jon Cappon, +1-214-445-9669
jcappon@kosmosenergy.com
or
Media
Relations:
Thomas Golembeski, +1-214-445-9674
tgolembeski@kosmosenergy.com
