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