Chrysaor Ltd and Premier Oil plc’s proposed reverse takeover will result in a new name for the combined companies of Harbour Energy plc.
Harbour will be the largest London-listed independent oil and gas company by production and reserves.
The board will comprise 11 directors, including six independent non-executive directors (NEDs), two NEDs appointed by funds managed by EIG Global Energy Partners (EIG) and three executive directors.
EIG chief executive Blair Thomas will be chairman of the combined group. Mr Thomas has more than 30 years’ experience in the investment management business, focusing on energy and energy-related infrastructure.
Linda Cook is named as chief executive officer and Phil Kirk as president and CEO Europe. The new chief financial officer has yet to be named.
Harbour Energy’s board will include Simon Henry (senior independent NED), Anne L Stevens (independent NED), Anne Marie Cannon (independent NED) and G. Steven Farris (NED).
Three additional independent NEDs have yet to be announced. Each of the current NEDs of Premier’s board, except Ms Cannon, will step down after the merger completes.
Premier’s shareholders will vote on the planned merger with Chrysaor on 12 January 2021.