- Duncan Soukup – Chairman
- David Thomas – Non-executive Director
- Kenneth Morgan – Non-executive Director
Board of Directors
Mr Soukup is the founder and Executive Chairman of Thalassa Holdings Ltd. Since the Company’s admission to AIM in 2008 and move up to the Main Market in 2019, Mr Soukup has led the Company’s growth through strategic investment and timely exits. Thalassa acquired WGP Group Ltd in November 2011, while the assets of GO Science Ltd were acquired out of administration in 2013, since renamed Autonomous Robotics Limited. In 2017, Mr Soukup led the sale of the business and assets of WGP Group Ltd to FairfieldNodal, which completed on 1 January 2018.
Mr Soukup has over 35 years of investment experience. Having worked in investment banking for 10 years (1984-1994), latterly with Bear Stearns as managing director in charge of the company’s non-US equity business, Mr Soukup set up his own investment management business in 1994. Acquisitor plc, a company of which Mr Soukup was a director, was admitted to trading on AIM in January 2000. In 2002, 90 per cent. of the assets of Acquisitor Plc were moved to Acquisitor Holdings Ltd (Bermuda) and Acquisitor Plc was left as an investing company which then acquired Tinopolis Plc, a leading UK independent TV production company. In 2006, Acquisitor Holdings Limited (Bermuda) merged with New York Holdings Ltd. and Baltimore Plc. Shortly thereafter, the combined group was acquired by Oryx International Limited, a Guernsey incorporated investment company.
Kenneth Morgan has worked in the international financial services industry for over 50 years having spent time in the Cayman Islands, Bermuda and most recently, the British Virgin Islands where he acted as Executive Director of a leading trust company providing corporate and trust solutions for a wide range of institutional and private clients.
His experience includes serving as Senior Vice President, Trust with a major bank in Bermuda. In the British Virgin Islands, he has also served on a number of governmental committees to assist with marketing and promotion of the British Virgin Islands as a leading financial services center.
He was the first Chairman of BVI Finance Ltd., a joint venture between the government and the private sector designed to further enhance the profile of the BVI internationally.
Mr Thomas is a geologist with 40 years’ experience in the oil and gas industry, mainly in North and West Africa. After five years of working in SE Asia and then in London for North Sea operations, Mr Thomas spent the late 1970s and early 1980s working in Libya for Occidental Petroleum, and then in Tunisia for Tenneco.
A return to London as International Chief Geologist for the Kuwait Petroleum Corporation gave Mr Thomas the opportunity to develop his technical management skills and establish a broad international contact network. In the late 1980s, Mr Thomas formed a consultancy, Thomas & Associates, offering a broad range of petroleum advisory services. Clients have included major oil companies and foreign government agencies. Mr Thomas served most recently as managing director of AIM-quoted med Oil PLC, a position he held for three years until the sale of the company to Cairn Energy plc in the fourth quarter of 2007.
Mr Thomas is currently a director of AIM quoted Tower Resources plc.
The Directors of the Company, all of whom are non-executive save for the Executive Chairman and Executive Director, will be responsible for the overall activities of the Company. The Board will be expanded in due course to reflect the size and needs of the Company.
Committees of the Board of Directors
The Company has adopted the principles of the Quoted Companies Alliance Corporate Governance Code (“the QCA Code”) published in April 2018. The board remains accountable to the Company’s shareholders for good corporate governance.
The Board has established an Audit Committee, a Remuneration Committee and an Regulatory Compliance Committee with formally delegated duties and responsibilities, which are available here
The Audit Committee has primary responsibility for monitoring the quality of internal controls and ensuring that the financial performance of the Group is properly measured and reported on and for reviewing reports from the Company’s auditors relating to the Company’s accounting and internal controls, in all cases having due regard to the interests of Shareholders.
The Remuneration Committee determines the terms and conditions of service of the executive Directors, including their remuneration and grant of options.
The Regulatory Compliance Committee is responsible for ensuring that the Company’s obligations under the Listing Rules are discharged by the Board.
The Company has adopted a share dealing code for Directors and certain employees (as applicable) in order to ensure compliance with the Market Abuse Regulation (2014/596/EC). The Directors will take all reasonable steps to ensure compliance by such employees.
PO Box 800
Road Town, Tortola,
British Virgin Islands