Velocys plc: Appointment of Non-Executive Director

Velocys plc, the company at the forefront of smaller scale gas-to-liquids (GTL), has announced the appointment of Mark Chatterji, BSc, MBA, as a Non-Executive Director with immediate effect.

Mark Chatterji has been appointed as Chairman of the Audit Committee in place of Dr Jan Verloop, who will continue to act as a member of that Committee. Mark has also been appointed as a member of the Remuneration Committee and the Nominations and Governance Committee.

Mr Chatterji was previously the Chief Financial Officer and Executive Vice President Commercial of Woodside Petroleum Ltd. during the Front End Engineering & Design (FEED), final investment decision and construction phases of the Pluto LNG plant in Western Australia. Prior to joining Woodside, he was a Vice President in the Investment Banking Division of Goldman Sachs in New York. He has also held various positions at Atlantic Richfield Company (now part of BP plc), Merrill Lynch, and the United States Army. Mark is currently a self-employed entrepreneur. He holds a Master of Business Administration from the Wharton School at the University of Pennsylvania, and a Bachelor of Science from Georgetown University. Mr Chatterji is a US citizen and a resident of Texas.

Pierre Jungels, CBE, Chairman of Velocys, said: “I am very pleased that Mark Chatterji is joining our Board. He brings valuable experience and knowledge of working in the oil and gas industry including in gas monetisation. More specifically he strengthens the Board with his considerable banking and finance sector experience, which is highly relevant at this stage in the growth of Velocys as the Company works with customers to develop financing for projects incorporating its technology. I would like to thank Jan Verloop for his unstinting contribution to the Company since the IPO and for his service as Chairman of the Audit Committee for several years.”

Edited from press release by Angharad Lock

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/30092015/velocys-plc-appointment-of-non-executive-director-1515/