Key points
- Stephen Rogers, Nautilus Minerals’ chief development officer, will become president and CEO effective July 10, 2008, succeeding David Heydon.
- David Heydon will remain with Nautilus as a non-executive director.
- Rogers joined Nautilus in January 2007 as chief development officer, overseeing engineering and delivery of the Solwara 1 project.
- Rogers previously served as CEO for oil and gas at Clough Ltd. and spent six years as regional managing director at Technip, formerly Coflexip Stena Offshore.
Nautilus Minerals Inc.’s chief development officer, Stephen Rogers, has been selected as successor to David Heydon as president and chief executive officer, effective July 10, 2008. Mr. Heydon will remain with Nautilus as a non-executive director and will continue to provide the company with his vision, experience and cross-industry contacts.
Mr. Rogers remarked, “I look forward to working with the world-class team that Nautilus has assembled and to building Nautilus into a major copper, gold and zinc producer.”
Geoff Loudon, chairman of Nautilus, noted: “In his first 16 months with Nautilus, Stephen has demonstrated his leadership ability, and extensive offshore project engineering and construction skills. Nautilus is now clearly focused on the construction and delivery of our first project, Solwara 1, and Stephen has the skills to successfully take Nautilus from its position as a junior explorer to being the world’s first deepwater exploration and production mining company.”
Don Lindsay, president and chief executive officer of Teck Cominco Ltd., commented: “As a major shareholder and a technical partner of Nautilus, we have seen the company grow and attract international talent to their team. We look forward to continuing our association with David in his role as a non-executive director, and to working with Stephen as he and his team continue to bring the Solwara 1 project closer to production.”
Mr. Rogers joined Nautilus in January, 2007, as chief development officer, in charge of the engineering and delivery of the Solwara 1 project. Since joining Nautilus, Mr. Rogers has built a strong engineering team and has put into place the key engineering contracts for the sea floor mining system.
Mr. Rogers has over 30 years in corporate and project management, and extensive deepwater offshore and onshore project development experience. Prior to joining Nautilus, Mr. Rogers worked with Clough Ltd., one of Australia’s largest multidisciplinary engineering firms, where he was chief executive officer for oil and gas. Before his role at Clough, Mr. Rogers was regional managing director for Technip, formerly Coflexip Stena Offshore, over a six-year period, where he established a number of successful joint ventures and delivered consistent profitability in a cyclical market.
Mr. Rogers is a graduate civil engineer from King’s College, London, a member of the Institute of Marine Engineering, Science and Technology, and a fellow of the Australian Institute of Company Directors.
Conference call and webcast
A conference call and webcast has been convened by Mr. Heydon and Mr. Rogers to provide a quarterly project update. Details are as follows:
Time: Tuesday, April 15, 2008, at 10 a.m. Eastern Time
Time: Tuesday, April 15, 2008, at 10 a.m. Eastern Time
Presentation slides to accompany the discussion will be available at approximately 9 a.m. Eastern Time from the Nautilus website.
Please use the following number for the conference call:
Canada: 1-866-837-4489
United Kingdom: 0-800-056-9662
United States: 1-866-586-2813
Other/international: 61-2-8524-6650
Canada: 1-866-837-4489
United Kingdom: 0-800-056-9662
United States: 1-866-586-2813
Other/international: 61-2-8524-6650
