Tower operates it business in the complex area of oil & gas and in developing African countries which present specific challenges. It is critical that the Board is composed of members who have experience in all facets of the international oil & gas sector, including sub-Saharan Africa, as well as commercial and finance knowledge The Chairman and CEO and all the non-executive directors have a successful track record in establishing and developing fledgling oil and gas companies and are fully committed to using their experience to benefit all shareholders.
The Board and its committees also seek external expertise and advice when required.
The current composition of the Board is as follows:
Jeremy Asher – Chairman and Chief Executive Officer
Jeremy Asher, aged 60, in addition to his role in Tower, is Chairman of Agile Energy Limited, a privately held energy investment company, and a Director of Pacific Drilling SA, where he chairs the Remuneration Committee. In the past he also served as Deputy Chairman of LSE-listed Gulf Keystone Petroleum Ltd (until June 2014) and TASE-listed Oil Refineries Ltd (until December 2014). Following several years as a management consultant, he ran the global oil products trading business at Glencore AG and then acquired, developed and sold the 275,000 b/d Beta oil refinery at Wilhelmshaven in Germany. Between 1998 and 2001 he was CEO of PA Consulting Group, and since that time has been an investor and Director in various public and private companies.
Paula Brancato – Independent non-executive Director
Paula, aged 63, is an investment advisor with Barnum Financial Group in New York, where she works with clients and also in new venture and market development. Paula holds an MBA from Harvard Business School and FINRA qualifications in the US as both a broker and investment advisor, as well as being a member of the CFA Society New York. Paula will also serve as Chair of the Audit Committee.
Dr Mark Enfield – Non-executive Director
Mark, 60, is a geoscientist with more than 30 years’ experience and a doctorate in structural geology from Royal School of Mines, Imperial College, London, and has been an advisor to the Company’s board since 2013. He is CEO of Geoscience and a director at EPI Group. After an early career in international exploration plus development projects in the Gulf of Mexico working for a large US independent operator, Mark founded P.D.F. Ltd in 1994, a highly successful E&P consultancy that developed the ‘Outsourced E&P Department™ (OExD®)’, partnering with oil and gas companies to provide a ready-made, full spectrum, subsurface geoscience function to support their operations. PDF was acquired by the larger international energy consultancy EPI Group in 2016 and now continues as the Geoscience Department within EPI, which Mark continues to lead. Mark also founded TerraMod Ltd, a specialist basin modelling and oil generation/migration software and consultancy provider to the exploration sector. He founded the PDF Fellowship (for collaborative research within the oil and gas industry), based at Plymouth University in 2005 and remains an active collaborator with this and other institutions. Mark is chair of the Remuneration Committee.