KEYFACT Energy
Sound Energy, the Moroccan focused upstream gas company, is delighted to announce the immediate appointment of Graham Lyon as Executive Chairman and as a Director of the Company.
Mr. Lyon is an experienced oil and gas executive with 40 years of experience across technical, operational and commercial leadership roles, including as Chairman of Infrastrata plc (AIM: INFA) and International Vice President of Petro-Canada (TSX: PCA). Mr Lyon is a Petroleum Engineer by training, is currently Non-Executive Chairman at SulNOx Group PLC (NEX: SNOX) and holds various private directorships with small energy and consulting firms.
Mr. Lyon will lead the Company's Executive team and Board of Directors, bringing commercial, strategic and technical leadership to the Company.
Marco Fumagalli, who had been Sound Energy's acting Non-Executive Chairman since 12 November 2019 and prior to Mr. Lyon's appointment, will now return to his role as a Non-Executive Director of the Company with immediate effect. The Company also announces that it has commenced the process of identifying and appointing an additional Independent Non-Executive Director for appointment to the Board and further announcements will be made in this regard in due course.
Mr. Lyon holds 125,786 ordinary shares in the Company, representing 0.01% of the Company's issued ordinary share capital.
In this mornings 'Malcy's Blog', industry expert Malcolm Graham Wood commented on the appointment:
"....I am very confident that Graham will do an excellent job working with Mohammed at Sound, he is steeped in years of experience in particular of bringing on international gas projects so shareholders can rest assured that existing developments such as in Eastern Morocco will deliver for them. He may even be able to bring on other things in the Sound portfolio so watch this space.