Former Dana Petroleum FD joins Kentz

by Calum Fuller

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30 Aug 2012

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A BOARD RESHUFFLE at Kentz Corporation Limited has seen Dave MacFarlane join as non-executive director following the retirement of Hassan Abas after 18 years on the board.

MacFarlane will sit on the audit committee of the holding company of the Kentz engineering and construction group. He has held FD roles at several oil and gas sector companies, including Amerada Hess and JP Kenny Engineering.

Most recently, he was FD at Dana Petroleum, where he had a ten-year stint from 2002. He oversaw ten-fold growth in value until a takeover by Korean National Oil Company in 2010, when its market capitalisation value was close to £1.6bn. He ceased being FD at Dana in March 2011.

MacFarlane qualified as a chartered accountant with Arthur Young McClelland & Moores – now Ernst & Young – in 1981 and holds non-executive directorships at Energy Assets Group, Bayfield Energy Holdings, Atlantic Petroleum P/F.

Tan Sri Razali, chaiman of Kentz, said: "David brings significant experience, notably of financial management across the energy sector, which complements the strong industry expertise present on our board.

"In addition, his participation in a range of high-profile transactions and active knowledge of governance and regulatory matters will be instrumental in helping Kentz to deliver continued growth over the coming years."

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