Dennis Francis - PETRONEFT RES CEO, Executive Director

Mr. Dennis Francis redesignated as NonExecutive Director of the Company. He served as Chief Executive Officer and Executive Director of Petroneft Resources PLC, since its formation in 2005. He has over 40 years experience in the petroleum industry and was with Marathon for 30 years. From 1990, Mr. Francis was the USSRFSU task force manager, responsible for developing new opportunities for Marathon in Russia. Marathon and its partners ultimately won the first Russian competitive tender, which was to develop the Sakhalin II Project offshore Sakhalin Island
Age: 65  CEO Since 2018      
Francis was instrumental in the formation of Sakhalin Energy Investment Company and was a director in that company. He is a member of the American Association of Petroleum Geologists and Society of Exploration Geophysicists. He has a BSc degree in geophysical engineering and an MSc degree in geology, both from the Colorado School of Mines. He has also completed the Program for Management Development at Harvard University.
PETRONEFT RES PLC (P8ET) is traded on Berlin Stock Exchange in Germany and employs 11 people.


Elected by the shareholders, the PETRONEFT RES's board of directors comprises two types of representatives: PETRONEFT RES inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PETRONEFT. The board's role is to monitor PETRONEFT RES's management team and ensure that shareholders' interests are well served. PETRONEFT RES's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PETRONEFT RES's outside directors are responsible for providing unbiased perspectives on the board's policies.
Dennis Francis, CEO, Executive Director
Gerard Fagan, Non-Executive Director
Alastair McBain, Non-Executive Chairman of the Board
David Sanders, Company Secretary, General Legal Counsel, Executive Director
David Sturt, Chief Executive Officer, Director
G Golder, Non-Executive Chairman of the Board
Karl Johnson, Interim CEO
Paul Dowling, CFO, Executive Director
Thomas Hickey, Independent Non-Executive Director

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