Appointment of NED and Board Committee Changes
Nostrum Oil & Gas PLC announces the appointment of Robert Wynne as a non-executive director, effective November 20, 2025, who will also chair the nomination and governance committee and serve on the strategy and audit committees; Mr. Wynne brings extensive oil and gas industry and investment banking experience and is a partner at RD Energy LLC, which indirectly holds 18.88% of the Company's ordinary shares. Additionally, Nikolay Ivin will join the nomination and governance committee and resign from the audit committee, with these changes receiving necessary consent.
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Nostrum Oil & Gas PLC (LSE: NOG) ("Nostrum" or the "Company"), an independent mixed-asset energy company with world-class gas processing facilities and export hub in north-west Kazakhstan, announces the appointment of Robert Wynne to the Board of Directors as a non-executive director, as chair of the nomination and governance committee, as member of the strategy committee and as member of the audit committee, effective 20 November 2025.
Mr Wynne is a senior level international oil executive with 40 years of global oil and gas industry and investment banking experience. He is currently a partner and director of RD Energy LLC, an energy advisory, consulting, investment and operating company based in the USA and Canada, which indirectly holds 18.88% of the Company's ordinary shares. Mr Wynne holds a Bachelor of Science in Mechanical Engineering and a Master of Business Administration (Finance and New Ventures) from the University of Alberta.
The Company also announces the appointment of Nikolay Ivin as a member of the nomination and governance committee of the Board and his resignation from the audit committee, both effective 20 November 2025.
These changes to the Board and its committees have received relevant consent in accordance with the requirements of the warrant instrument constituting the Company's share warrants dated 9 February 2023.
Nikolay Ivin, Chairman of the Board said:
"I would like to welcome Robert to the Board and am looking forward to benefitting from his vast commercial experience and technical expertise in the oil and gas industry. I am very pleased that Nostrum has attracted such a high calibre director to complement our business governance and to support our new executive team, in expanding domestic raw gas processing by the Company's top quality infrastructure, further developing and improving own fields production, thereby increasing domestic oil, gas and condensate production in the Republic of Kazakhstan and cooperatively helping its Government to implement its strategic goals."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.