New board member joins energy company

Foster Wheeler Energy has appointed Dr J Michael Stacey to its main board.

Foster Wheeler Energy has appointed Dr J Michael Stacey to its main board.

Foster Wheeler Energy Limited is headquartered in Reading, UK.

"I am delighted to have Mike working with us", said Steve Davies, Chairman and Chief Executive Officer, Foster Wheeler Energy.

"Mike's experience and expertise will strengthen our board as we continue to implement our strategy to further develop and grow our upstream oil and gas business internationally".

"We have been increasingly successful in securing new business in this sector over the past two years since the establishment of our Upstream Oil and Gas Group in the UK in 2005, and it is our intention to continue to increase our share of the global market by further broadening our technical offering and customer base".

Dr Stacey is a chemical engineer with 39 years' experience in the international oil and gas business.

In 1984 he founded the oil and gas consulting company Granherne in the UK, and, as Chairman and Chief Executive, grew the company internationally.

In 1996 Dr Stacey sold Granherne to The MW Kellogg company and remained with them in an executive role until 2001, when he invested in Petrofac and joined the company as an Executive Director.

He established Petrofac Engineering in the UK and, as Vice Chairman of Petrofac and was closely involved in its successful initial public offering in 2005.

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