Nexus Energy Limited ASX : NXS
3 April 2012 Page 1 of 3
Lucio Della Martina appointed Nexus CEO
The Board of Nexus Energy Limited (Nexus) has appointed Mr
Lucio Della Martina as its Chief
Executive Officer.
Mr Della Martina will take up his appointment with Nexus
mid-May and will be relocating from Perth to Melbourne.
Following a short handover period, Executive Directors,
Michael Fowler and Ian Boserio will resume the positions of
Non-executive Chairman and Non-executive Director
respectively.
Mr Della Martina's most recent position was Executive Vice
President - Australia Business with Woodside Energy Ltd
(Woodside) and he has led the Pluto project development since
the field was discovered in 2005.
Mr Della Martina comes to Nexus with more than 20 years of
experience across refining technology, international oil
trading, gas business development, LNG marketing and LNG
supply planning. He held various positions within Woodside
including General Manager of Gas Business Development,
General Manager of LNG Marketing and Vice President, ALNG
(the marketing arm of the North West Shelf Venture). Mr Della
Martina was employed by Shell from
1980 to 1991 in roles covering refining technology,
operations, economics, planning and international oil
trading.
The remuneration package for Mr Della Martina will include a
market based salary, short-term and long-term incentives. In
addition, Mr Della Martina will receive a sign-on fee
comprising of ordinary shares and performance rights. The
focus of the package is performance based, aimed at
increasing shareholder value. The long-term incentive is
based on market conditions immediately prior to the
announcement.
Mr Della Martina commented, "Nexus Energy is in a very strong
position to take its key assets forward towards development
and has the opportunity to capture very substantial
shareholder value along the way. I look forward to joining
the team at Nexus."
Nexus Chairman, Michael Fowler said "On behalf of the Board,
I welcome Lucio to the Company and look forward to working
with one of the recognised leaders of the Australian
petroleum industry as we work to crystallise the value of our
assets for shareholders."
Ph: +61 3 9660 2500
Nexus Energy Limited ABN 64 058 818 278