Maurel & Prom Announces Key Changes in Governance: Jaffee Suardin Appointed Chairman of the Board of Directors

Paris, July 18, 2024 – Maurel & Prom, an independent oil and gas company, has announced significant changes to its governance structure following a Board of Directors meeting on July 17, 2024. On the recommendation of the Appointments and Remuneration Committee, Jaffee Suardin has been appointed as the new Chairman of the Board, succeeding John Anis for the remainder of his term.

The Board has expressed its gratitude to John Anis for his dedication and contributions during his tenure, highlighting the positive impact of his experience and personal qualities on the Board’s work.

Jaffee Suardin, who currently serves as CEO of Pertamina Internasional EP, brings over 20 years of experience in the oil and gas industry and four years with the Ministry of Energy and Mineral Resources of the Republic of Indonesia. His vision and expertise are expected to be invaluable assets to Maurel & Prom.

Olivier de Langavant, Chief Executive Officer of Maurel & Prom, commented, “I would like to thank John Anis for his major contribution and his decisive support to M&P’s development. I look forward to working with Jaffee Suardin as M&P continues on its journey.”

Expressing his gratitude, Jaffee Suardin said, “I am delighted by the confidence the Board has shown in me. I will support the management to fulfill the commitment for sustainable growth of M&P and the value creation for its shareholders, along with the talents and dedication of teams within the entire M&P Group.”

Board of Directors Appoints Two New Directors.

In addition to the leadership change, the Board of Directors also noted the resignations of Harry Zen, Director and Member of the Audit Committee, and Daniel Purba, Member of the Investment and Risk Committee and the Sustainability Committee. The Board thanked both for their significant contributions.

Awang Lazuardi has been appointed as a Director and a member of the Sustainability Committee, while Bagus Rahadiansyah joins as a Director and a member of both the Audit Committee and the Investments and Risks Committee.

With these appointments, the Board maintains its compliance with regulations concerning independence and gender balance.

Revised Composition of Specialized Committees.

The new composition of the specialized committees is as follows:

Audit Committee

– Carole d’Armaillé, Chairman, Independent Director

– Caroline Catoire, Independent Director

– Bagus Rahadiansyah, Director

Investments and Risks Committee

– Marc Blaizot, Chairman, Independent Director

– Nathalie Delapalme, Director

– Bagus Rahadiansyah, Director

– Jaffee Suardin, Director (Chairman of the Board)

Sustainability Committee**

– Nathalie Delapalme, Chairman, Director

– Marc Blaizot, Independent Director

– Caroline Catoire, Independent Director

 

These changes reflect Maurel & Prom’s ongoing commitment to robust governance and strategic oversight as it continues its development in the energy sector.