D1 Oils Plc
27 September 2006
27th September 2006
Lord Oxburgh Appointed Non-Executive Director and
to become Chairman in 2007
D1 Oils plc (D1), the UK-based global producer of biodiesel, is pleased to
announce the appointment of Lord Oxburgh as a Non-Executive Director of the
Company with the intention that he becomes Chairman in early 2007. When Lord
Oxburgh succeeds to the Chairmanship, the present Chairman,
Karl E. Watkin, will remain as a Non-Executive Director of the Company.
Lord Oxburgh is a long-standing public advocate of the need to address climate
change issues. He served as the Non-Executive Chairman of Shell Transport and
Trading plc from 2004 to 2005, during which time he took a close interest in the
company's environmental technologies. Since then, Lord Oxburgh has been an
adviser to Climate Change Capital, a specialist investment banking group focused
on companies and financial institutions affected by the policy and capital
market responses to climate change.
He is both a renowned scientist and an active parliamentarian. He is currently
involved with a number of all-party parliamentary groups. He is Vice-Chairman of
the Globe UK Group and Treasurer of the Earth Sciences Group. He also chaired
the Science and Technology Select Committee from 2001 to 2004.
Lord Oxburgh spent eight years as Rector of Imperial College of Science,
Technology and Medicine from 1993 to 2001. He is a former Chief Scientific
Adviser to the Ministry of Defence. Lord Oxburgh was Professor of Mineralogy and
Petrology at Cambridge University from 1978 to 1991.
Commenting on the appointment, Chairman Karl E. Watkin said:
We are delighted that someone of the calibre of Lord Oxburgh has decided to join
our Board with a view to taking over from me as Chairman. It is a great
compliment to the D1 team that we have attracted such a distinguished scientist,
businessman and advocate of action on climate change. We believe we have built a
strong business that will play a key part in meeting the global need for
sustainable transport based on renewable biofuel, and we are doing so in a way
that is making a real difference to developing countries. This is a business
that is making a difference in the world and the presence of Lord Oxburgh as its
Chairman will enhance that capability immensely. I can think of no better person
to lead the Board.'
Commenting on his appointment, Lord Oxburgh said:
'What D1 is doing to pioneer biodiesel feedstocks from inedible oil crops grown
in developing countries has, I believe, real potential to deliver tremendous
economic, social and environmental benefits. Biodiesel offers an alternative and
renewable source of energy to satisfy a significant portion of the world's
transport energy needs. I am very pleased to have the opportunity to lead the
Board in its pursuit of such an interesting and worthwhile endeavour.'
In accordance with Schedule 2(g) of the AIM Rules, the following information is
(Ernest) Ronald Oxburgh, aged 71, has no current Directorships.
Over the past five years Lord Oxburgh has been a Director of Shell Transport and
Trading plc and Chairman of The Science, Engineering, Technology and Mathematics
Network (SETNET), a UK-wide charity that promotes science technology engineering
There are no further disclosures required to be made pursuant to paragraph 17
and schedule 2 - paragraph (g) of the AIM Rules for companies.
Graham Prince, Head of Corporate Communications
Tel: +44 (0) 1642 755580
Mobile: +44 (0) 7973 323840
Kevin Byram / Mark Antelme
Tel: +44 (0) 20 7404 5959
Notes to Editors
D1 Oils plc is a UK-based global producer of biodiesel. We are building a global
supply chain and network that is sustainable and delivers value from
'earth-to-engine'. Our operations cover agronomy, refining and trading. We are
pioneering the science, planting and production of inedible vegetable oils; we
design, build, own, operate and market biodiesel refineries; and we source,
transport and trade seeds and seedlings, seedcake, crude vegetable oils and
biodiesel. Our vision is to be the world's leading biodiesel business.
This information is provided by RNS
The company news service from the London Stock Exchange