Monday 26 September 2016

Falcon Oil names gas industry stalwart as new chairman

Paul O'Donoghue

Published 23/12/2015 | 02:30

Falcon is incorporated in British Columbia, Canada and headquartered in Dublin with a technical team based in Budapest, Hungary.
Falcon is incorporated in British Columbia, Canada and headquartered in Dublin with a technical team based in Budapest, Hungary.

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.

Between 2003 and 2009, he worked with Swiss-based EGL AG as head of gas.

He was also in charge of power and gas operations in eastern Europe, as well as a member of EGL's executive management.

Mr Conrad was also key in developing and starting to implement plans to launch the Trans Adriatic Pipeline (TAP) project, a pipeline project to transport natural gas from the Caspian Sea to Western Europe. Several industry giants such as BP and SOCAR became stakeholders in the venture.

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.

"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.

Irish Independent

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