Friday 23 June 2017

Providence Resources appoints Pat Plunkett as non-executive chairman

Oil Baron: Pat Plunkett. Photo: Tom Burke
Oil Baron: Pat Plunkett. Photo: Tom Burke
Michael Cogley

Michael Cogley

Irish oil and gas firm Providence Resources has appointed Pat Plunkett as non-executive chairman, replacing James McCarthy who will stay on as a non-executive director.

Mr Plunkett, who will take up his new role on October 1, previously spent 11 years as a non-executive chairman in Tullow Oil. During his time there Tullow grew from a small firm to Africa's largest independent oil company.

He currently holds the same job at T5 Oil and Gas, a private company set up three years ago focused on acquiring oil and fas assets in Africa and the Middle East.

Providence chief executive Tony O'Reilly said Mr Plunkett is joining the firm at an exciting stage.

"Pat requires no introduction in the E&P sector and we very much look forward to benefiting from the extensive knowledge and experience that Pat will offer as we move forward with our very exciting programme offshore Ireland.”

The company also announced that Phil Nolan would retire from the board from October 1. Mr Nolan had previously been a non-executive director since 2004.

Mr O'Reilly paid tribute to Mr Noland and Mr McCarthy.

“On behalf of the whole team at Providence, I’d like to extend our sincere thanks to James who has helped guide the company through a very difficult period from late 2015 through mid-2016, which culminated in the very successful re-capitalisation of the business in July 2016. 

"The board is pleased that James has agreed to remain as a non-executive director and that we will have continued access to his valuable counsel.  I’d also like to express our great appreciation to Phil Nolan for the significant contribution he has made to the board during his tenure."

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