REG - SDX Energy PLC - Management Appointments and Suspension of Employee

SDX EnergyAnnouncement

24/05/2023 07:00

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RNS Number : 4864A  SDX Energy PLC  24 May 2023

 

24 May 2023

 

SDX ENERGY PLC ("SDX" or the "Company")

 

Management Appointments and Suspension of Senior Employee

 

SDX is pleased to announce that it has appointed Daniel Gould as Managing
Director of the Company.  This appointment follows the hiring of William
McAvock as CFO (as announced on 9 May 2023) and Lesley Maclean as Head of
Corporate Development.

 

Daniel Gould has over 20 years of experience in investment banking and
developing businesses across multiple sectors in emerging and developed
markets.  Daniel was previously at Morgan Stanley and then Goldman Sachs as
an Executive Director, in the Investment Banking division, across New York and
London.  For the last 10 years, Daniel has successfully grown businesses and
executed M&A transactions in the agriculture, energy, financial, and
fintech sectors. Daniel has a First Class Masters degree from Oxford
University and another degree from Johns Hopkins University, School of
Advanced International Studies.

 

Lesley Maclean has an MBA from the Wharton School, University of Pennsylvania
and over 25 years' experience in energy sector, most recently as Vice
President M&A and Acting EVP of Strategy and New Business Development at
TNK-BP.

 

Jay Bhattacherjee, Interim Executive Chairman, said:

"We warmly welcome Daniel into the new leadership group of SDX.  Along with
William and Lesley, we are developing a new team culture, which will be
focused on delivering the mandate given to the Company by its shareholders to
deliver sustainable value with the eventual return of capital to shareholders
at our core."

 

 Daniel Gould, Managing Director, said:

"I am delighted to be joining SDX at this exciting time where my background in
business creation has direct synergy with some of the initiatives the Company
is currently evaluating in alternative energy, and I very much look forward to
meeting shareholders and driving the business forward."

 

 

Suspension of Senior Employee

 

Separately, the Company has been made aware that a senior
employee within the Company's local operations who was recently suspended,
pending the outcome of an investigation, has sent an email raising concerns
around certain in-country financial operations, including certain matters
relating to local tax compliance, to some of the Company's stakeholders.

 

Having undertaken an initial review of the allegations, the Board believes
they are substantially without merit and are being dealt with in the normal
course of business. The Company has received tax advice from local tax
compliance specialists, including a "Big Four" accounting firm, in relation to
the alleged matters and the Company strongly believes it complies with all
local tax requirements. The Company is taking all appropriate steps
to protect its position.

 

 

 

**ENDS**

 

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For further information:

 

 SDX Energy Plc

 Jay Bhattacherjee, Interim Executive Chairman

 William McAvock, Chief Financial Officer

 Tel: +44 203 219 5640

 Shore Capital (Nominated Adviser and Broker)

 Toby Gibbs/Iain Sexton

 Tel: +44 (0) 20 408 4090

 Camarco (PR)

 Billy Clegg/Owen Roberts/Violet Wilson

 Tel: +44 (0) 203 757 4980

 

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