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LGO Energy Board & Management

Bringing extensive experience in the Oil & Gas industry and expertise across acquisitions, corporate & financial management.

Board & Management

  • Mr. Leo Koot,
    Executive Chairman - Age:
    Leo is a Dutch national, currently residing in the UK, with over 28 years of industry experience. During his extensive career, he has run oil and energy businesses as well as been an active board member, most recently with AIM listed Sterling Energy PLC as Senior Independent Non-Executive Director. Leo's global energy experience includes his role as Managing Partner of MENA Gulf Investment Partners (Abu Dhabi), President of Abu Dhabi National Energy Company (TAQA) and Managing Director of TAQA UK where he built the organisation from a few people to an organisation of over 2,000 staff and contractors and delivered a mature E&P operating company that managed 60,000 barrels/day production with US$1.7 billion in annual revenues. Prior to TAQA, Leo was CEO of Energy Development Partners an oil and gas business creating ways to match capital and resources with developing production, for which he helped raise a US$350 million private equity fund. Leo has a Master in Petroleum Engineering and a business degree from Harvard Business School.
  • Mr. James Thadchanamoorthy,
    Chief Financial Officer - Age:
    Mr Thadchanamoorthy holds a Bachelor of Science degree in Chemistry and is a member of the Chartered Institute of Management Accountants.
    Mr Thadchanamoorthy has over 20 years’ finance and commercial experience, initially in investment banking, where he worked for Merrill Lynch and Barclays Capital, before moving into the oil and gas industry.  He spent over 10 years’ at BP where he held a number of commercial and financial management roles in both the Upstream and Downstream divisions.

    Since leaving BP, Mr Thadchanamoorthy has focused on start-up and early stage businesses.  He is currently a Director at Navitas Renewables Ltd, a UK registered company where he worked in a fund raising capacity, prior to joining LGO plc in January 2012 to head up the Finance team. 

  • Mr. Fergus Jenkins,
    Chief Operation Officer - Age:
    Mr Jenkins is a Chartered Engineer with a Bachelor of Engineering degree in Mining Engineering and a Master of Engineering degree in Petroleum Engineering. He has over 20 years’ of experience working in industry, initially in mining before moving to petroleum.
    Mr Jenkins has held positions in drilling, reservoir engineering and petroleum engineering and has worked both offshore and onshore. The assets that he has worked on are spread around the Globe in areas as diverse as the UK, Libya, Nigeria, Ghana, and Cote d’Ivoire.

    Mr Jenkins has held technical and increasingly senior managerial positions in mid-sized independent oil companies, including Enterprise Oil, LASMO, CalEnergy, OMV (UK) Ltd and Afren plc. Mr Jenkins is an Executive Director of Solo Oil plc. 

  • Mr. Gordon Stein,
    Independent Non-Executive Director - Age:
    Gordon Stein is a member of the Chartered Institute of Public Finance & Accountancy and was the CFO of AIM-traded Madagascar Oil Limited from June 2013 to October 2016.  Mr Stein was previously CFO at Cadogan Petroleum plc which is an independent oil and gas exploration, development and production company with onshore gas and condensate assets in Ukraine.  Preceding this, he has been CFO at Vanguard Energy Limited and Regal Petroleum plc.  He has also held senior financial and operational management positions in Fairfield Energy Limited, Acorn Oil and Gas Limited, LASMO PLC, Monument Oil & Gas plc, Centrica plc and BG pc.  Mr Stein has over 23 years’ experience in the upstream oil and gas sector in the UK and internationally, including Ukraine, Tunisia, Venezuela, Algeria and Turkmenistan.

     Mr Stein will chair the Audit Committee and sit on the Remuneration Committee. 

  • Mr. Michael Douglas,
    Non-Executive Director - Age:
    Mr Douglas has worked in the business consultancy sector for 40 years’. He was Managing Partner for PA Consulting Group’s International People Practice where his responsibilities covered the Group’s Organisational Development, Pay & Rewards, Search & Selection, Advertising & Development and Process Enhancement activities.
    Subsequently in 1993 Mr Douglas founded the Quo Group, a consultancy specialising in behavioural change, performance and talent management, leadership development and executive coaching. Over two decades, Michael has positioned Quo as one of the world’s leading change specialists.
    Michael himself works extensively with leadership teams where he fulfils the role as coach for senior executives across an international portfolio in many sectors.

    Mr Douglas chairs the Remuneration Committee and sits on the Audit Committee. 

  • Ms. Ceema Namazie,
    Commercial Manager - Age:
    Ms Namazie is an Economist by training and holds a PhD in Economics (Development). She has over 25 years’ experience in the energy and natural resource sector, including consulting in the water and retail energy sector, moving to a power developer before entering the oil and gas sector. 
    Ms Namazie has held various positions covering commercial, business development, strategy, risk management, project management, and governance, on various assets and projects in the UK and internationally.

    Ms Namazie has worked with a variety of organisations, from small private, aim-listed and FTSE 100, to international organisation, such as UNDP and the World Bank. In the oil and gas sector she worked a number of years at Petrofac in various roles within the Integrated Energy Services division. 

  • Mr. Stewart Ahmed,
    Acting Operations Manager - Age:
    Mr Stewart Ahmed has 32 years oil industry technical, commercial and management experience,  most recently as Chief Operating Officer and General  Manager of AIM Listed Madagascar Oil in Antananarivo from 2013-2016. Operating the Tsimiroro Field steam flood pilot, he gained the first Field Development License in Madagascar’s history.
    As General Manager of Dove Energy in Sana’a, Yemen, Mr Ahmed discovered, developed and operated a number of onshore oil-fields peaking at 25,000 BOPD. Subsequently he managed the exploration license seismic and drilling work programmes as General Manager of Dove Energy in Damascus, Syria and Midas Oil and Gas in Yemen.
    He performed the position of Petroleum Engineering Manager for RDS Resource, a leading Aberdeen based Subsurface Consultancy from 1997-2000. Prior to that Mr Ahmed worked for 12 years for Chevron in the UK North Sea and Gulf of Mexico as a Petroleum Engineer and Commercial Analyst.  
    Mr Ahmed has a BSc in Mining and Petroleum Engineering and is a Member of the Society of Petroleum Engineers. 
     

        

The Audit Committee is responsible for overseeing the Group’s financial reporting disclosure process; this also includes the choice of appropriate accounting policies.  It also monitors internal financial controls as well as overseeing hiring and performance of the external auditors. The Audit Committee comprises of three Directors.

Audit Committee Members
Gordon Stein (Chairman)
Michael Douglas
Neil Ritson

The Remuneration Committee is responsible for making recommendations to the Board on the remuneration for Directors and Senior Management.  Financial packages for Directors are established by reference to those prevailing in the employment market for executives of equivalent status both in terms of level of responsibility of the position and their achievement of recognized job qualifications and skills. The Committee will also have regard to the terms which may be required to attract an equivalent experienced executive to join the Board from another company.  The Remuneration Committee comprises of two Directors.

Remuneration Committee Members
Michael Douglas (Chairman)
Gordon Stein
 

The Directors do not consider that, given the size of the Board, it is appropriate to have a Nomination Committee. The appropriateness of such a committee will however, be kept under regular review by the Board.