According to press release issued by Madagascar Oil on 20 March 2020, Kiran Raj experienced in finance and oil and gas sector over 25 years appointed as non-executive director at Madagascar Oil.
Madagascar Oil, the developer of the Tsimiroro oil field, is pleased to announce the appointment of Kiran Raj to the Board, as a non-executive director, with immediate effect.
Kiran brings over 25 years of corporate, investment banking and advisory experience to the Company. Most recently, from 2013 to 2019, Kiran was Chief Financial Officer and an Executive Director of KrisEnergy Ltd., an upstream oil & gas company listed on the Singapore Exchange.
Prior to KrisEnergy Ltd., Kiran accumulated nearly 20 years in investment banking and corporate finance, where he was directly involved in raising more than US$13 billion. Kiran currently holds, and has previously held, numerous board positions, with companies in multiple jurisdictions, enabling him to bring industry, financial and governance expertise to Madagascar Oil.
Kiran graduated from Monash University, in Melbourne, where he studied Accounting & Finance, before qualifying as a Chartered Accountant, with the Institute of Chartered Accountants Australia and New Zealand.
Al Njoo, Chairman of Madagascar Oil, commented:
“I am pleased to confirm the appointment of Kiran Raj to Madagascar Oil’s Board. Kiran brings with him a wealth of experience and knowledge, from his time in finance and the oil & gas sector. This will be invaluable to the management team and the wider Board as we look to progress the sustainable development of the world class Tsimiroro oil field in Madagascar“.
Kiran Raj, added:
“I am very pleased to join Madagascar Oil’s board today. I believe that the Company’s success in proving the significant reserve potential and the pending production of cleaner and very low sulphur fuel oil that meets IMO2020 standards, will not only ensure the greener development of the Tsimiroro oil field but the energy security for Madagascar. The Company is working hard to roll out its development plans whilst navigating through these volatile market conditions.”
SOURCE : Madagascar Oil
