New non-executive chairman joins Jadestone

Singapore-based oil and gas company Jadestone Energy, formerly known as Mitra Energy, has appointed Dennis McShane as its non-executive chairman, effective December 10, 2017.

Jadestone said on Monday that McShane has nearly four decades of senior management and board experience, including corporate finance, strategic, and leadership roles in the banking and upstream sectors.

Paul Blakeley, Jadestone CEO, said: “We’re delighted to welcome Dennis to the board. I believe we will benefit enormously from both his experience as well as a great combination of diplomacy and commercial acumen. Dennis has a history of providing level-headed decision-making and building excellent relationships with external stakeholders, and will help reinforce the critical bridge to the investor community.”

McShane is a non-executive director of the Advertising Checking Bureau in the United States. Previously, he held directorship roles with Midas Resources in Switzerland, Ophir Energy and Ferrexpo in the UK.

He was also the managing director with J.P. Morgan Chase in Australia and the UK, and with Chemical Bank/MHT in the United States and South Africa.

Regarding his appointment, the new non-executive director said: “I am delighted to be part of the Jadestone team. I see tremendous opportunity for the company both through delivering value from its existing asset portfolio and through the rich set of organic and inorganic opportunities in the Asia Pacific region.”

Jadestone added that Blakeley would continue in his role as president and CEO and would remain on the board as an executive director.