Board Appointments

 

TIDMCAD 
 
RNS Number : 6602R 
Cadogan Petroleum PLC 
26 August 2010 
 

RNS Announcement 
 
Cadogan Petroleum PLC - appointment to the Board 
Cadogan Petroleum Plc is pleased to announce the appointment of Alessandro 
Benedetti and Bertrand des Pallieres as non-executive Directors of the Company 
with effect from 26 August 2010. As SAE Capital Holdings S.A is the Company's 
largest shareholder the Board does not recognise them as independent directors 
in accordance with The UK Corporate Governance Code. Both appointees have waived 
the right to any fees. 
Alessandro Benedetti (49) is an Italian national with nearly 30 years of 
business experience in a diverse range of industries including telecoms, 
agro-industrial engineering, industrial mining, real estate, renewable and 
non-renewable energy and investment companies. He is fully conversant with 
business conditions and operating procedures in the world's key markets, 
especially Western and Eastern Europe, Scandinavia, CIS, Africa, North America 
and the Middle East. 
From 2002 onward he began structuring the acquisition of a controlling interest 
in Italian telecom giant WIND Telecom, and subsequently formed a consortium to 
close a EUR17.2bn leveraged buy out in 2005, at that time the largest deal of its 
type in Europe. Taking control of SAE Capital in 2003 he disposed of the 
production and distribution activity transforming the Group into a M&A boutique, 
which has structured various multi-billion Euro acquisitions, focusing on the 
telecom and energy market across Europe. He is a non-executive director of 
Versatile Systems Inc., which is listed on the Toronto and London Stock 
Exchanges, and  Equus Total return, Inc., listed on the NYSE. 
Bertrand Des Pallieres (43), a French national, is the CEO of SPQR Capital LLP. 
Previously Bertrand was the Global Head of Principal Finance and member of the 
Global Market Leadership Group of Deutsche Bank from 2005 to 2007. From 1992 to 
2005 he held various positions at JPMorgan including Global Head of Structured 
Credit, European Head of Derivatives Structuring and Marketing and Co-head of 
sales for Europe, Middle East and Africa. He is a non-executive director of 
Versatile Systems Inc. listed on the Toronto and London Stock Exchanges and 
Equus Total return, Inc., listed on the NYSE. 
There are no items to disclose in accordance with UKLA LR 9.6.13 sections 2-6 
for either individual. 
Commenting on the appointment, Simon Duffy, Chairman, stated: "The Board of 
Cadogan welcomes Alessandro Benedetti and Bertrand des Pallieres appointment as 
directors. SAE Capital Holdings S.A.'s vision of the future for Cadogan is 
aligned with that of the Board and working together we anticipate creating value 
for all shareholders." 
 
Ends 
 
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