New Board Member?

[Optionray]

Wow, I was wondering why are we more focused (or what appears to be) on the board of directors.   What do they bring to the table that will help us?  I see that this new board member (Mr. Yap) is replacing an existing member (Mr. Delchap) ok, so what does he (Mr Yap) bring to the table though?   With his experience in Corporate restructuring and mergers and acquistions that sure makes me scratch my head.

[ebster123]

Link...

Former Singapore Power CFO Joins Board
Chee Keong Yap brings strong finance and Asia-Pacific power experience
PR Newswire
SINGAPORE and PORT MORESBY, Papua New Guinea, March 13, 2015
SINGAPORE and PORT MORESBY, Papua New Guinea, March 13, 2015 /PRNewswire/ -- InterOil Corporation (NYSE: IOC; POMSoX: IOC) has appointed former Singapore Power Chief Financial Officer Chee Keong Yap to its board.
Mr Yap, 54, who is a director of the Accounting and Corporate Regulatory Authority of Singapore, is also a director of ARA Asset Management Ltd, The Straits Trading Company Limited, and Tiger Airways Holdings Limited, all of which are listed on the Singapore Exchange.
He chairs the audit committee of the non-listed Citibank Singapore Limited. He is the chairman of CityNet Infrastructure Management Pte Ltd and a member of Singapore's Public Accountants Oversight Committee. He sat on the working group of the Corporate Governance Oversight Committee of the Monetary Authority of Singapore.
Mr Yap has had a long career as an executive director, chief financial officer and adviser to Singaporean and Australian firms, including the Straits Trading Company Limited, Singapore Power Limited, SPI (Australia) Assets Pty Ltd and multi-national and Temasek-linked companies.
Mr Yap has an accounting degree from the National University of Singapore and is a fellow of the Institute of Singapore Chartered Accountants, CPA Australia and the Singapore Institute of Directors.
He joins the board immediately, replacing Samuel L. Delcamp who is retiring after three years as a director.
InterOil Chairman Chris Finlayson said Mr Yap had a proven record over many years of value creation across multi-national listed and non-listed companies.
"His experience in executive management, corporate restructuring, mergers and acquisitions, governance and finance will provide InterOil with an additional skill set that will be necessary as we develop our Elk-Antelope LNG project in Papua New Guinea," Mr Finlayson said.
"His knowledge of the Singapore energy market will be particularly helpful as Singapore continues to grow as an important trading hub for LNG in Asia."
Mr Finlayson also paid tribute to Mr Delcamp for his loyal service to the company.
"Sam has provided invaluable advice to the board based on his 40 years of investment experience and we wish him well for his hard-earned retirement," Mr Finlayson said.
About InterOil
InterOil Corporation is an independent oil and gas business with a primary focus on Papua New Guinea. InterOil's assets include one of Asia's largest undeveloped gas fields, Elk-Antelope, in the Gulf Province of Papua New Guinea, and exploration licenses covering about 16,000sqkm of the Eastern Papua Basin. The company employs more than 2,000 staff and contractors. Its main offices are in Singapore and Port Moresby. InterOil is listed on the New York and Port Moresby stock exchanges.
Investor Contacts

[jft310]

Did Mr Yap join the BOD to sell the company??Not likely !!
They want to develop their assets sell off pieces along the way like they did with Total and E/A.
The question may be how valuable others perceive the assets to be and what they are willing to pay today .

[ebster123]

And I woukd bet IF there was tell of a buyout they want a board member fully savy in M and A to give a perspective of true worth.

[jft310]

Several of the new BOD members have M and A experience .