Business

Sunday 25 September 2016

Falcon Oil and Gas appoints new chairman

Paul O'Donoghue

Published 22/12/2015 | 09:57

Viktor Vekselberg’s Renova owns a 12.24pc stake in Falcon Oil as the Dublin-based fracking firm prepares to break ground in northern Australia
Viktor Vekselberg’s Renova owns a 12.24pc stake in Falcon Oil as the Dublin-based fracking firm prepares to break ground in northern Australia

Irish exploration firm Falcon Oil and Gas has elected JoAchim Conrad, a non-executive director of the company since 2008, as its chairman.

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Mr Conrad was appointed as executive managing director and member of the board of directors of Bosphorus Gaz Corporation in 2012.

He is also a senior advisor to the management of Gazprom Germania GmbH, a subsidiary of the world's largest natural gas company, Gazprom and the managing director of Berlin-based Gazprom Marketing & Trading GmbH.

Mr Conrad will replace current chairman John Craven, who will remain on as a non-executive director of the company.

Mr Conrad said: "On behalf of the board, I would like to thank John for his wonderful contribution as chairman over the past

number of years, in particular, for establishing a clear strategy for the company to enhance shareholder value.

I look forward to my new role as Chairman of the board and I will be happy to continue serving Falcon Oil & Gas

for the benefit of the shareholders."

Falcon's portfolio is focused on Australia, South Africa and Hungary. Falcon is incorporated in British Columbia, Canada and headquartered in Dublin with a technical team based in Budapest, Hungary.

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