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Enteq Upstream PLC (NTQ)

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Tuesday 24 March, 2020

Enteq Upstream PLC

Board changes

RNS Number : 4594H
Enteq Upstream PLC
24 March 2020

Enteq Upstream plc ("Enteq" or the "Company") 
Board changes


Enteq, the oilfield services technology and equipment supplier announces that Neil Hartley was appointed to the Board of Directors, as a Non-executive Director, and chairman of the Remuneration and Audit committees on 24 March 2020.  Neil also joins as a member of the Nomination committee.


Neil brings extensive senior private equity investor and Non-executive Director experience with over 25 years in operations, professional services and as private equity principal across a diverse set of energy industry services, equipment and technology companies globally.  For the last 13 years Neil was with First Reserve Corporation, a leading global private equity investment firm exclusively focused on energy.  After graduating from Oxford University with an engineering degree Neil trained with Schlumberger Ltd as a Field Engineer before moving onto McKinsey & Company as a Strategic Consultant following an MBA at Harvard Business School.  Neil spent time in Investment Banking with Simmons & Company International before moving to First Reserve.


Robin Pinchbeck, who has been serving as a Non-executive Director since Enteq was admitted to AIM in 2011, retired from the Board on 24 March 2020.  In addition, he has relinquished his membership of the Remuneration, Audit and Nomination committees.



Iain Paterson, Non-Executive Chairman of Enteq Upstream plc, commented:

"I am pleased to welcome Neil to the Board.  His extensive knowledge of our sector plus his experience of private equity, investment banking and strategic consultancy will further enhance the Board's capabilities.


"I would like to thank Rob for the major contribution he has made to Enteq Upstream since his appointment. His counsel has proved invaluable to the Board throughout his tenure" 




For further information, please contact:

Enteq Upstream plc    +44 (0) 1494 618739

Martin Perry, Chief Executive Officer

David Steel, Finance Director


Investec Bank plc (Nomad and Broker)             +44 (0) 20 7597 5970

Chris Treneman, Patrick Robb, David Anderson


Additional disclosures pursuant to Schedule 2(g) of the AIM Rules with regards to the appointment of Neil John Hartley (aged 54 years):



Pastfiveyears'directorshipsand partnerships:

Renewi plc

Telford Offshore Holdings Limited

First Reserve International Limited

NJH Energy Ltd

Trillium Flow Technologies Holdco Limited

FR Flow Control Topco Limited

Dolphin Invest 2 AS

FR Dolphin Lux Holdings SARL

FR Norway 1 AS

FR Norway 2 AS

FR Norway 3 AS

FR Norway 4 AS

FR Norway 5 AS

FR Norway 6 AS

FR Norway 7 AS

FR Norway 8 AS

FR Norway 9 AS

FR Norway 10 AS




DOF Subsea AS

DOF Subsea Holding AS

DOF Subsea Holding 2 AS

M Group Services Limited

Thor Topco Limited

Thor Midco Limited

Thor Holdco Limited

First Reserve Momentum Corporate Limited

Medieval Limited




There is no other information that is required to be disclosed with regards to the appointment of Neil Hartley pursuant to Schedule 2 paragraph (g) of the AIM Rules for Companies.

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