16 January 2017. Borets Finance DAC Announces an Invitation to Tender Notes for Cash Using a Modified "Dutch Auction" Procedure
13 January 2017. Announcement of Appointment and Resignation of Independent Non-Executive Director to the Board of Directors of Borets International Limited
It is with great pleasure that Borets International Limited (the “Company”) announces it has appointed Peter Goode as a new Independent Non-Executive Director on the Board of Directors of the Company. The appointment took effect on 1 January 2017.
Mr. Goode is a senior oil and gasfield services professional with extensive international experience at Board level and management, as well as in petroleum engineering and research. His professional roles include a number of different positions with Schlumberger between 1985 and 2003 in Australia, USA, Indonesia and the United Kingdom, including: President - Well Completion and Productivity, President - Information Solutions and President - Reservoir Management. Mr. Goode has also held various positions at Santos Ltd in Australia between 1979 and 1995, including as General Manager - Petroleum Development and Planning. Between 2004 and 2007, Mr. Goode was President and CEO of VETCO International, an international oil field services company with revenues of approximately of US$3 billion a year and with a business in 34 countries. More recently, Mr Goode managed and advised private equity businesses on oil and gas investment, including at Arle Capital and Candover Equity Partners.
Mr. Goode studied applied mathematics and computing science at the University of Australia, before completing a Ph.D. in petroleum engineering at Heriot-Watt University, Edinburgh, UK.
Mr. Goode is currently Chairman of the Board of GR Energy Services and has previously served on the Boards of a number of other private and listed companies.
At the same time as the appointment of Mr. Goode, the Company would like to announce that it has accepted the resignation of Mr. Stuart Ferguson, who has stepped down as Independent Non-Executive Director of the Company with effect from 31 December 2016. Mr. Ferguson had been a member of the Board of Directors of the Company since July 2009 and the Company would like to thank Mr. Ferguson for his significant contribution to the Board.
19 July 2016. Announcement of Changes in Independent Non-Executive Directors of Borets International Limited
It is with great pleasure that Borets International Limited (the “Company”) announces it has appointed Merrill (Pete) Miller as a new Independent Non-Executive Director on the Board of Directors of the Company. The appointment will take effect from 21 September 2016, the next scheduled Board meeting of the Company.
Mr. Miller is currently the Executive Chairman of DistributionNOW, a publicly-owned distribution company. Mr. Miller also holds a number of Non-Executive Director roles, including Chairman of the Board of Transocean Shipmanagement and Director of Chesapeke Energy Corporation.
From 1996 to 2014, Mr. Miller held various roles at National Oilwell Varco (“NOV”). Initially, Mr. Miller was employed as Vice President of Sales and Marketing and Rig Technology at NOV, rising to President of this division by 1998 and, in 2000, he was promoted to CEO. In 2001, Mr. Miller became Chairman and CEO. During his time at NOV, Mr. Miller oversaw major growth in this company, taking it from a $500 million company to a $22 billion a year company with close to 60,000 employees. Mr. Miller was responsible for NOV embarking on a number of acquisitions, such as Robin & Meyers and a merger with Varco International in 2004, which created one of the largest oilfield equipment manufacturers in the world. Mr. Miller was instrumental in the spin-off of NOV’s distribution business into DistributionNOW. Prior to joining NOV, Mr. Miller’s career includes important leadership roles at Hermerlich & Payne, becoming Vice President of US Operations by 1992.
Mr. Miller studied Applied Science and Engineering at the US Military Academy at West Point. He served in the U.S. Army for five years, after which he briefly joined Procter & Gamble before pursuing his MBA at Harvard Business School. Mr. Miller is also a member of the National Petroleum Council in the USA.
At the same time as the appointment of Mr. Miller, the Company would like to announce that it has accepted the resignation of Mr. Ramzi Al-Heureithi, who has stepped down as Independent Non-Executive Director of the Company with effect from 21 September 2016, due to ill health. Mr. Al-Heureithi has been a member of the Board of Directors of the Company since July 2010 and an Independent Non-Executive Director on the Board since October 2013. The Company would like to thank Mr. Al-Heureithi for his significant contribution to the Board.