Senior figures from Cuadrilla’s backers in Australia and Hong Kong have been appointed to the company’s boards.
Julian Ball, managing director of Kerogen Capital, becomes a director of 10 Cuadrilla subsidiaries.
Kerogen, a private equity fund manager based in Hong Kong, holds 65% of shares in Cuadrilla’s owner, the Australian mining group, AJ Lucas.
Mr Ball, an investment banker, is responsible for Kerogen’s investment and portfolio management. He previously worked for JP Morgan Chase and EY.
This week, he became a director of Cuadrilla Resources Limited, as well as Cuadrilla Gainsborough, North and South Cleveland, Elswick and Elswick No. 2, Bowland, Weald, Balcombe and Well Services Limited. The other director of each of these companies is Francis Egan, Cuadrilla’s chief executive.
Cuadrilla’s holding company, Cuadrilla Resources Holdings Limited, has appointed Andrew Purcell, the new chairman of AJ Lucas, as a director.
AJ Lucas took control of Cuadrilla last year when it bought the 45% share held by Riverstone, the New York-based private equity fund manager.
Mr Purcell is an engineer and investment banker. He replaces the previous AJ Lucas chairman, Phillip Arnall, who has retired.
Other directors of Cuadrilla Resources Holdings Limited are: Ivor Orchard (a founder of Kerogen), Francis Egan and Rebecca Henworth.