REG - Riverstone Energy Ld - Director Appointment

Riverstone EnergyAnnouncement

24/05/2023 10:00

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RNS Number : 5016A  Riverstone Energy Limited  24 May 2023

 

LEI: 213800HAZOW1AWRSZR47

 

24 May 2023

RIVERSTONE ENERGY LIMITED
 (the "Company" or "REL")

 

 

Director Appointment

 

The Company is pleased to announce that Karen A. McClellan has been appointed
to the board of directors of the Company (the "Board") as a non-executive
director with immediate effect. Mrs McClellan will serve on the Company's
Audit Committee, Management Engagement Committee and Nomination and
Remuneration Committee.

 

In accordance with Listing Rule 9.6.13, Mrs McClellan has advised that she
holds no listed directorship positions.   There are no other matters which
need to be disclosed in accordance with the FCA's Listing Rule 9.6.13.

 

Karen is an advisory board member of TT International's Environmental
Solutions Fund and serves as an appointed expert for the UK Accelerated
Climate Transitions programme, on the Global SDG Council for Alternative
Fuels, and on the Climate Tech Council (London).

 

Prior to becoming a non-executive director, Ms McClellan has gained over the
last two decades hands-on experience in carbon policy, clean infrastructure
finance and zero-carbon technologies, having raised and deployed more than
£700 million in renewable energy and carbon funds and transactions. During
two decades as an investment banker at Lehman Brothers, Robert Fleming and the
EBRD, Ms McClellan structured investment funds backed by emission reductions
and energy savings and served on their investment committees. Karen holds
degrees from the Stanford Graduate School of Business (MBA) and Yale
University (BA Economics).

 

Richard Horlick, Chairman, said: "I'm delighted to welcome Karen to the Board.
She brings a wealth of experience in the energy sector across a wide range of
applications. We look forward to benefiting from her wise counsel and her
contribution to the continuing development of Riverstone Energy Limited."

 

Karen McClellan, Non-executive Independent Director, said: "I am very pleased
to have the opportunity to contribute to the ongoing success of Riverstone
Energy Limited, at a time of such opportunity in the global energy sector."

 

REL is a closed-ended investment company which invests in the energy industry
that has since 2020 been exclusively focused on pursuing a global strategy
across decarbonisation sectors presented by Riverstone's investment platform,
resulting in aggregate commitments to-date of $193 million.  REL's ordinary
shares are listed on the London Stock Exchange, trading under the symbol
RSE.  REL has 16 active investments spanning decarbonisation, oil and gas,
renewable energy and power in the Continental U.S., Western Canada, Europe and
Australia.

 

For further details, see www.RiverstoneREL.com (http://www.RiverstoneREL.com)

 

Neither the contents of Riverstone Energy Limited's website nor the contents
of any website accessible from hyperlinks on the websites (or any other
website) is incorporated into, or forms part of, this announcement.

 

Media Contacts

For Riverstone Energy Limited:

 

Josh Prentice

+44 20 3206 6300

 

 

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