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| KCA DEUTAG appoints Non-Executive Chairman - Thursday 14th January 2010 |
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KCA DEUTAG is pleased to announce the appointment of Tim Summers as Non-Executive Chairman of its parent company with immediate effect. KCA DEUTAG is owned by funds controlled by First Reserve Corporation, the world’s leading energy industry investor, and Pamplona Capital Management. Tim joins KCA DEUTAG from TNK-BP in Moscow where he was Chief Operating Officer and subsequently Chief Executive Officer. A Chartered Chemical Engineer who graduated from Manchester University, Mr. Summers held a variety of senior roles with BP prior to taking up the position at TNK-BP four years ago. He is a Fellow of both the Institute of Chemical Engineers and the Institute of Materials, Minerals and Mining. Commenting on Tim’s appointment, Holger Temmen, KCA DEUTAG’s Chief Executive, said: “I am delighted that Tim is to join us as Non-Executive Chairman. He brings a wealth of experience in the oil and gas industry and I look forward to working with him.” William E. Macaulay, Chairman and CEO of First Reserve, said: “With a distinguished executive career at BP and a widely praised set of achievements at TNK-BP, Tim is a major figure in the international oil and gas industry. His knowledge and personal networks within the industry, and his strategic and operational skills, will be invaluable to the continued development of KCA DEUTAG’s business. We are delighted that he has agreed to join us.” (Ends) Note to Editors: KCA DEUTAG is one of the largest international land drilling contractors outside the Americas, and one of the largest platform drilling contractors in the North Sea. The company also operates a fleet of mobile offshore drilling units (3 wholly owned jack-ups and 7 part-owned Self Erect Tender Barges). KCA DEUTAG employs about 8,000 people and operates in over 20 countries worldwide. RDS, KCA DEUTAG’s Engineering Division, has been a leader in the design of drilling facilities for offshore units worldwide for over 30 years. The company’s 500-strong workforce provides a range of engineering services from pre-project and Front End Engineering Design (FEED) through detail design, construction support, hook-up and commissioning. The company also executes projects as an Engineering, Procurement, Construction and Drilling (EPCD) contractor to provide platform drilling rigs on a turnkey basis from concept to operations. For further information contact: |
