Cairn Names New Non-Executive Director

Cairn, an oil and gas exploration and development company, has appointed Nicoletta Giadrossi as an independent non-executive director with effect from January 10, 2017.

Nicoletta will also become a member of the company’s remuneration committee.

Nicoletta Giadrossi holds a BA in Mathematics & Economics from Yale University and an MBA from Harvard Business School.

She began her career with The Boston Consulting Group before moving to General Electric, where she progressed through a series of P&L management roles in several European divisions in Equipment and Capital Goods before taking on global responsibility for GE’s Oil & Gas Refinery & Petrochemicals Division, based in Florence.

Nicoletta subsequently spent three years in private equity based in Paris before returning to the oil and gas industry as VP & general manager, EMEA at Dresser-Rand.

Following the sale of Dresser-Rand to Siemens, Nicoletta moved to Norway as investment director in holding company Aker ASA, where she was responsible for overseeing the main portfolio company, Aker Solutions, and a member of its board of directors.

She subsequently was appointed head of Operations at Aker Solutions.  In 2014 she took up the role of president Europe, Africa, Russia & India at Technip, where she had oversight of €3.7 billion revenues, more than 10,000 employees and responsibility for onshore, offshore and subsea activities in the region.

Following Technip’s merger with FMC, Nicoletta has focused on non-executive director roles and she is currently an independent non-executive board member at Fincantieri, Bureau Veritas and Faiveley Transport, as well as on the board of senior advisors for Bain Capital Partners.

Ian Tyler, chairman of Cairn, said:

“I am delighted to welcome Nicoletta Giadrossi to the Cairn Energy board. Nicoletta brings a wealth of international senior management and oil and gas industry experience. Her appointment will bring additional breadth to our board and provide a different perspective on our business.”

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