EDC Announces Results of AGM and Directorate Changes
OREANDA-NEWS. Eurasia Drilling Company Limited (“EDC” or the “Company” - LSE: EDCL) , the leading onshore & offshore drilling service provider in the CIS, announced that at its Annual General Meeting held on September 23, 2013, W. Richard Anderson was re-elected as a Class II member of the Board of Directors. Igor Belikov and Jed DiPaolo were elected as Class II members of the Board of Directors of EDC, as well. All three of them were elected for a three year term. Rene Huck and Richard Matzke stood down from the Board of Directors.
ZAO KPMG were re-appointed as auditors of the Company.
Board committee changes. As a result of above appointments on 23 September 2013 the Board committees will be comprised as follows:
Audit and Finance Committee: Alexander Shokhin (Chairman), W. Richard Anderson, Martin Hansen, Anatolyi Kozyrev
Nomination and Remuneration Committee: Maurice Dijols (Chairman), Earl Clanwilliam, Alexander Djaparidze
Corporate Governance Committee: Earl Clanwilliam (Chairman), Igor Belikov, Anatoly Kozyrev
Safety Committee: Edward J. DiPaolo (Chairman), Earl Clanwilliam, Maurice Dijols
The Earl Clanwilliam, EDC's Chairman, commented:
“On behalf of the Board of EDC, I am delighted to welcome Messrs. Belikov and DiPaolo to the Board. They will add, greatly, to the Board's depth by providing us their extensive experience in the oil industry within Russia and in the international oilfield services industry outside of Russia. We look forward to continuing to work with Richard Anderson, our CFO, on the Board. He has a depth of experience in the international markets and the Company itself which are keys to successful Board service. I wish to extend the Company's appreciation to Messrs Huck and Matzke for their valued contributions during their tenures on the Board.”
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