Santos, operator of the Gladstone LNG project in Australia, announced that Ken Borda will retire as Chairman, effective 30 April 2015.
Peter Coates, currently a non-executive director, will resume the role of Chairman. Coates previously served as the company Chairman from December 2009 to May 2013, and returns to the role following his time as an executive director assisting with the integration of Glencore and Xstrata.
Commenting on his time at the company, Borda said: “It has been a privilege to serve as a Director and Chairman and I leave in the knowledge that the company has an experienced Chairman and a strong Board, and an executive team well led by Managing Director and Chief Executive Officer David Knox. I am passionate about Santos and excited by its future prospects but I have decided now is the time to lighten my board responsibilities.”
“It has been a great privilege to serve on the Board of Santos and I would like to thank all of the Santos team for their dedication and hard work. The Company will soon realise its long-term vision to become a major supplier of LNG and natural gas to Asia and Australia. I am confident that the company under Peter Coates’ Chairmanship and David Knox’s leadership will continue to drive the company’s strategy to create long-term value for shareholders.”
Thanking Borda for his contribution, Coates added: “Under Ken’s Chairmanship, the Board has continued its focus on the successful execution of the company’s transformational projects and commitment to delivering positive outcomes for shareholders, employees, customers and the communities in which we operate. On behalf of the Board, I thank him for his dedicated service and wish him the very best for the future.”
“I’m pleased to be returning to the role of Chairman at such an exciting time for Santos. I look forward to continuing to work with David Knox, the management team and staff, and my fellow directors as we deliver GLNG in the second half of this year.”
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/03032015/santos-chairman-to-retire-in-april-349/