Appointment of CEO
Amec Foster Wheeler plc, announces today the appointment of Dr Jonathan (Jon) Lewis, as chief executive officer, with effect from 1 June 2016. On the same day Ian McHoul will cease to be interim CEO, and will remain as CFO.
Jon has been employed in a number of senior roles at Halliburton Company Inc since 1996. He is currently based in Houston, Texas where he is a Senior Vice President and member of the Halliburton Executive Committee, with responsibility, since 2014 for leading its largest division, Completion & Production. Prior roles included leadership of the Europe/Sub-Saharan Africa Region (the largest operating region outside North America) and the Drilling and Evaluation Division.
He joined Halliburton following nine years in academia, where he was NERC research fellow at the Royal School of Mines at Imperial College in London and Conoco Lecturer in Petroleum Geology at Heriot Watt University, Edinburgh. Jon received his PhD in reservoir characterisation from the University of Reading in 1987.
Jon is 54 years old, has dual UK/US citizenship and will be based in London. His salary will be £775,000 per annum and he will be eligible for an annual bonus and participation in the long term incentive plan, and receive other benefits in accordance with the company’s remuneration policy for executive directors.
I am delighted that Jon will soon be joining us as our new CEO. He brings with him thirty years of experience in the oil and gas industry across many parts of the world, including twenty years as a senior executive at Halliburton where he built a reputation for safe and ethical operations, strategic market insight, strong leadership, commercial discipline and consistently delivered against commitments.
The company has issued its first quarter trading update this morning, and will hold its AGM at 11.00am (UK time) today.
Additional biographic details for Jon Lewis:
Career and qualifications:
|2014 to present||Halliburton, Senior Vice President, Completions and Production Division and Executive Committee|
|2011 to 2014||Halliburton, Senior Vice President, Europe/Sub-Saharan Africa|
|2010 to 2011||Halliburton, Senior Vice President, Drilling and Evaluation Division|
|2007 to 2010||Halliburton, Vice President, Halliburton Wireline and Perforating Services|
|2006 to 2007||Halliburton, Vice President, relationship manager for ExxonMobil|
|1997 to 2006||Halliburton, senior roles at Landmark|
|1990 to 1996||Institute of Petroleum Engineering, Heriot Watt University, Edinburgh. Principle Investigator and Conoco Lecturer in Petroleum Geology|
|1987 to 1990||Royal School of Mines, Imperial College of Science, Technology and Medicine|
|2001 to present||Board Member, Industrial Advisory Board, Heriot-Watt University|
|2014 to present||Board Member, University of Houston Energy Advisory Board|
|1987||Doctorate in Reservoir Characterisation from the University of Reading, UK|
|1984||Bachelor of Science degree (with Honours) in Geology from Kingston University, UK|
|2011 to 2016||Non-executive director of CHC Group Ltd|
Industry body memberships:
The Society of Petroleum Engineers, the American Association of Petroleum Geologists, the Energy Institute and a Fellow of the Geological Society.
Except as stated above, no further information is required to be disclosed pursuant to LR 9.6.13.
Analyst and investor call:
John Connolly and Ian McHoul will host a telephone conference call for analysts and investors at 8.00am (UK time) today. Please call +44 (0) 20 3059 8125, quoting the conference ID 563104. A recording of the call will be made available on our website as soon as possible after the event.
Amec Foster Wheeler (www.amecfw.com) designs, delivers and maintains strategic and complex assets for its customers across the global energy and related sectors.
Employing around 40,000 people in more than 55 countries and with 2015 revenues of £5.5 billion, the company operates across the oil and gas industry – from production through to refining, processing and distribution of derivative products – and in the mining, clean energy, power generation, pharma, environment and infrastructure markets.
Amec Foster Wheeler offers full life-cycle services to offshore and onshore oil and gas projects (conventional and unconventional, upstream, midstream and downstream) for greenfield, brownfield and asset support projects, plus leading refining technology.
Amec Foster Wheeler shares are publicly traded on the London Stock Exchange and its American Depositary Shares are traded on the New York Stock Exchange. Both trade under the ticker AMFW.
This announcement contains statements which constitute “forward-looking statements”. Forward-looking statements include any statements related to the timing, results and success of contracts, and are generally identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should” and other similar expressions. Forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict and generally beyond the control of Amec Foster Wheeler, that could cause actual results and developments to differ materially from those expressed in, or implied or projected by, the forward-looking statements. Amec Foster Wheeler does not undertake to update any of the forward-looking statements after this date to conform such statements to actual results, to reflect the occurrence of anticipated results or otherwise.