24 May 2023
RIVERSTONE ENERGY LIMITED
(the "Company" or "REL")
The Company is pleased to announce that Karen A. McClellan has been appointed to the board of directors of the Company (the "Board") as a non-executive director with immediate effect. Mrs McClellan will serve on the Company's Audit Committee, Management Engagement Committee and Nomination and Remuneration Committee.
In accordance with Listing Rule 9.6.13, Mrs McClellan has advised that she holds no listed directorship positions. There are no other matters which need to be disclosed in accordance with the FCA's Listing Rule 9.6.13.
Karen is an advisory board member of TT International's Environmental Solutions Fund and serves as an appointed expert for the UK Accelerated Climate Transitions programme, on the Global SDG Council for Alternative Fuels, and on the Climate Tech Council (London).
Prior to becoming a non-executive director, Ms McClellan has gained over the last two decades hands-on experience in carbon policy, clean infrastructure finance and zero-carbon technologies, having raised and deployed more than £700 million in renewable energy and carbon funds and transactions. During two decades as an investment banker at Lehman Brothers, Robert Fleming and the EBRD, Ms McClellan structured investment funds backed by emission reductions and energy savings and served on their investment committees. Karen holds degrees from the Stanford Graduate School of Business (MBA) and Yale University (BA Economics).
Richard Horlick, Chairman, said: "I'm delighted to welcome Karen to the Board. She brings a wealth of experience in the energy sector across a wide range of applications. We look forward to benefiting from her wise counsel and her contribution to the continuing development of Riverstone Energy Limited."
Karen McClellan, Non-executive Independent Director, said: "I am very pleased to have the opportunity to contribute to the ongoing success of Riverstone Energy Limited, at a time of such opportunity in the global energy sector."
REL is a closed-ended investment company which invests in the energy industry that has since 2020 been exclusively focused on pursuing a global strategy across decarbonisation sectors presented by Riverstone's investment platform, resulting in aggregate commitments to-date of $193 million. REL's ordinary shares are listed on the London Stock Exchange, trading under the symbol RSE. REL has 16 active investments spanning decarbonisation, oil and gas, renewable energy and power in the Continental U.S., Western Canada, Europe and Australia.
For further details, see www.RiverstoneREL.com
Neither the contents of Riverstone Energy Limited's website nor the contents of any website accessible from hyperlinks on the websites (or any other website) is incorporated into, or forms part of, this announcement.
For Riverstone Energy Limited:
+44 20 3206 6300