4 New BOD Members and New Chairman - WHEN???

[Stavros]

Let's recall what Dr Byker said at the AGM in his opening remarks:

"Now is the right time to refresh the Board. I expect that up to 4 new appointments will be made to the Board within the next 12 months. There is no doubt the Company has changed significantly since I joined it 20 years ago. In my time, I have been proud to have served as a director, interim chief executive and chairman.

I intend to retire as Chairman at the next Annual Meeting once we have recruited a replacement and there has been an appropriate period of transition. I believe I shall hand over the reins of a company that will justly reward its shareholders, work force and the people of Papua New Guinea."

http://www.interoil.com/iocfiles/documents/investorrelations/presentationanddocuments/2014/Chairmans-Remarks-AGM-FINAL.pdf

When would IOC start this process? How long should this Chairman of the Board (COB) transition last? Who would Richard Chandler want as COB??

I believe that Dr. Byker was telegraphing that the changes would commence sooner rather than later. Perhaps a new "COB Designate" before the next CC?

I'd like to see a non-Aussie; non-ex-Woodside; non-American step in as COB.

Who???

How about an ex-BP top executive ... after all, BP was in PNG back in the 90's before they sold their E&P interests to OSH in April 1998.

http://www.gasandoil.com/news/south_east_asia/dbe7963ca728508da5daa895c2d7b4a4

My wish as new COB is Sir John Browne, the former CEO of BP (1995 - 2007) who was in that position when they sold out to OSH.

This would be a blockbuster that would rocket the PPS if it were to happen.

Thoughts please.

[jft310]

Heck of an idea and could explain the share buy back . Hope so .

[Stavros]

It's just a dream JFT .... unlikely that it's Sir John though I suppose
But soon enough we'll get a new COB with industry experience on board to put checks and balances on Dr Hession.

[jdeo1969]

Let's recall what Dr Byker said at the AGM in his opening remarks:

"Now is the right time to refresh the Board. I expect that up to 4 new appointments will be made to the Board within the next 12 months. There is no doubt the Company has changed significantly since I joined it 20 years ago. In my time, I have been proud to have served as a director, interim chief executive and chairman.

I intend to retire as Chairman at the next Annual Meeting once we have recruited a replacement and there has been an appropriate period of transition. I believe I shall hand over the reins of a company that will justly reward its shareholders, work force and the people of Papua New Guinea."

http://www.interoil.com/iocfiles/documents/investorrelations/presentationanddocuments/2014/Chairmans-Remarks-AGM-FINAL.pdf

When would IOC start this process? How long should this Chairman of the Board (COB) transition last? Who would Richard Chandler want as COB??

I believe that Dr. Byker was telegraphing that the changes would commence sooner rather than later. Perhaps a new "COB Designate" before the next CC?

I'd like to see a non-Aussie; non-ex-Woodside; non-American step in as COB.

Who???

How about an ex-BP top executive ... after all, BP was in PNG back in the 90's before they sold their E&P interests to OSH in April 1998.

http://www.gasandoil.com/news/south_east_asia/dbe7963ca728508da5daa895c2d7b4a4

My wish as new COB is Sir John Browne, the former CEO of BP (1995 - 2007) who was in that position when they sold out to OSH.

This would be a blockbuster that would rocket the PPS if it were to happen.

Thoughts please.

 Stavros,

How do you believe this would accomplish that?