Edinburgh, United Kingdom - April 30, 2015, Edinburgh, United Kingdom - Cairn Energy, an oil and gas company, announces the appointment of Keith Lough and Peter Kallos to the board of Cairn Energy PLC.
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Mr. Lough graduated from the University of Edinburgh in 1981 with a degree in Economics and completed a graduate training programme at British Gas, where he qualified as a chartered certified accountant in 1985. He subsequently obtained an MSc in Finance from London Business School. He held a number of senior finance and operational positions at LASMO PLC.
During his career at LASMO Mr. Lough was part of the leadership team that completed numerous transactions and a major business transformation before later joining British Energy PLC as Finance Director, a post he held from 2001 to 2004.
During his tenure at British Energy, he led the complex restructuring negotiations with the Government and its creditors. He went on to become a Founder Shareholder and Chief Executive of Composite Energy Ltd from 2004 until 2011, when Composite was divested to Dart Energy.
Mr. Lough is currently a non-executive director and chairman of the audit committee of Rockhopper Exploration PLC, and a non-executive director of Papua Mining PLC and Rock Solid Images PLC. He is also a non-executive director and chairman of the audit committee of the UK Gas and Electricity Markets Authority, which has supervisory responsibility for Ofgem.
Mr. Lough will be appointed immediately following the Company’s AGM on 14 May 2015.
Mr. Kallos completed an undergraduate degree in Applied Physics at Strathclyde University followed by a postgraduate degree in Petroleum Engineering, starting his career as a Petroleum Engineer at Marathon Oil in 1982.
Following a period at Carless Exploration, he joined Enterprise Oil in 1988 where he held a number of senior management positions including Head of Business Development, CEO Enterprise Italy and General Manager of the UK business during which he was appointed to Enterprise’s Executive Committee.
After a short period at Shell UK following its acquisition of Enterprise in 2002, Mr. Kallos was appointed Executive Vice President International and Offshore for Petro-Canada. There he led and developed a significant international exploration and production business based in London which grew to account for more than half of Petro-Canada’s worldwide production. ■