Range Resources Appoints New CEO, Directors

Feb. 02, 2014 8:21 PM ET
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Range Resources (ASX: RRS) has appointed Rory Scott Russell as its chief executive officer and has strengthened its board with the appointment of two new non-executive directors.

Russell has over ten years of international experience in upstream positions at Anglo-Dutch supermajor Shell, where he was most recently finance manager for Exploration in Europe and Russia.

In that role, he oversaw all financial aspects of the business, corporate governance and control, treasury management and sat on regional investment committees covering the North Sea, onshore Netherlands and Germany, Italy, Russia and Kazakhstan.

Russell was also involved in country entries and project start-ups in Greenland, Albania, Spain, Ukraine and Russia.

Prior to this he was Finance and Commercial Manager for exploration in Russia and has also worked in the strategic planning unit for Shell's global upstream business.

Range has also appointed Graham Lyon and Dr Christian Bukovics as non-executive directors of the company.

Lyon has over 30 years of experience in the oil and gas industry and was most recently the president and chief executive officer of Mena Hydrocarbons (CVE:SKN).

He is currently a non-executive director of Hawkley Oil and Gas (ASX: HOG) and a director at private Kazakhstani oil and gas company Tarbagatay Munay LLP and Soncer Ltd.

Lyon also spent seven years in various roles with Petro-Canada, culminating in Vice President Strategy and Business Development, International and Offshore and has worked with Shell and Chevron.

Bukovics has 33 years' experience in exploration and has held executive positions at Shell.

Until the end of 2012, he was vice president for exploration in Russia and the Former Soviet Union and a member of the global exploration leadership team.

Prior to this he held the exploration manager position for the European Atlantic Margin, was general manager for Shell businesses in Iran and Kazakhstan and vice president for the Commercial division of Shell Global Exploration.

Over his career, Bukovics participated in and managed the discovery of over three billion barrel equivalents of oil and gas, pioneered the application of new technology (notably 3D seismic) in Shell and spearheaded entries into new territories with over fifty thousand square kilometers of acreage acquired

Peter Landau has stepped down as an executive director with immediate effect and will continue as a non-executive director.

In addition, the company has initiated a recruitment process for a full-time chief operating officer and will provide an update in due course.

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