Douglas W Bailey
B.BUS (ACC), CPA, ACIS, AMP (HARVARD BUS. SCHOOL)
Non-executive Director and Chairman
(Director since November 2009)
Chairman of the Nominations Committee, Member of Audit and Risk, Remuneration and Reserves Committees
Douglas Bailey is an accountant with over 35 years of experience in the resources industry. He is a former CEO and Managing Director of Ashton Mining Limited and a former CFO of Woodside Petroleum Limited. Douglas is experienced in all commercial aspects of resource company financing, project development, acquisitions and administration.
During a 20 year career with the Ashton Mining group, Douglas as CFO was responsible for a number of project and corporate financings, the public listing through IPOs of several subsidiaries in both Australia and internationally, the acquisition and development of new production opportunities and finally, as CEO and MD, the defence of the company when faced with two takeover bids in 2000. The group was taken over by Rio Tinto with the final takeover price being some 40% higher than the first bid.
Douglas joined Woodside Petroleum as its Chief Financial Officer in 2002 and was responsible for corporate financing, reporting, mergers and acquisitions, strategy and investor relations. During his time at Woodside Petroleum, Douglas led a number of acquisition projects, principally internationally, as Woodside Petroleum sought to broaden its asset base beyond the North West Shelf and its exploration driven growth strategy.
Douglas has over 30 years of board room experience in Australian and international stock exchange listed companies with many years of that experience as a non-executive director, both independent and company representative. His commercial and corporate skills complement and support the strong technical and commercial skills of the other Tap board members.
Douglas is presently also a Non-Executive Director of St Barbara Limited.
Troy J Hayden
B.ECON, M. FIN
Managing Director/CEO (Appointed December 2010)
Member of the Nominations Committee
Troy joined Tap in December 2010 after a 12 year career at Woodside Petroleum Limited, where he held a number of positions, including Acting CFO, Vice President of the USA Business Unit and Vice President of the Pluto Business Unit. Since leaving Woodside Petroleum in 2008, he has undertaken a number of financial and commercial consulting projects working with First Quantum Minerals Ltd and QR National Limited. He has built and maintains a wide range of senior level relationships across the petroleum, resources and financial sectors in Australia and internationally.
Troy brings an appealing mix of skills to the CEO role: leadership, financial and general management expertise, including overseeing exploration and production activities, and over 20 years’ experience in the resources and petroleum industries.
Michael J Sandy
B.SC HONS (GEOLOGY) MAICD
Non-executive Director (Director since June 2006)
Chairman of Audit and Risk and Reserves Committees, Member of Nominations and Remuneration Committees
Michael Sandy is a geologist with over 35 years experience in the resources industry with the past 30 years focused on oil and gas.
Michael’s early career was in minerals exploration before he moved to Papua New Guinea and helped set up the Petroleum Division of the Geological Survey. He subsequently set up a company to manage a team of specialist field geologists. He was Technical Manager of Oil Search Limited and based in Port Moresby for 3 years in the years leading up to the Kutubu oil fields coming on production. In the first half of 1994, Michael took on temporary roles as Oil and Gas Analyst with BZW Australia Limited, and in the second half of that year was involved in establishing Novus Petroleum Ltd and preparing that company for its IPO in April 1995. That equity raising of $168 million is still the largest oil and gas IPO in ASX history.
Over 10 years, Michael held several senior management roles for Novus Petroleum and was a member of the executive committee from inception. He was manager of the company’s assets in the Middle East (Oman, Qatar, Pakistan, Iran, Egypt) and SE Asia (Thailand, Laos, Indonesia, Australia, Philippines) and President of Novus USA based in Houston. He was also Business Development Manager and involved in numerous acquisitions and divestments to a total value of over $500 million. Finally, he co-managed the Novus Petroleum takeover defence effort in 2003/4 when the company was taken over by MedcoEnergi.
For the last 10 years, Michael has been the principal of Sandy Associates (previously MJSA), a group of resources industry consultants. It is active in petroleum, minerals and geothermal projects, and resources industry start-ups. Michael is Chairman of ASX-listed Burleson Energy Limited (BUR) and a director of two private resources focused companies.
Michael brings a wide mix of commercial and technical skills and experience which complement the skills of the other Board members of Tap. In particular, Michael has substantial experience with managing companies of similar size to Tap (including investor relations, business development, asset management, takeover defence), and has maintained good contacts in both the resources and financial markets industries.
Douglas A Schwebel
PHD B.SC (HONS) GEOLOGY
Non-executive Director (Director since 16 February 2012)
Chairman of Remuneration Committee, Member of Audit and Risk, Nominations and Reserves Committees
Douglas Schwebel has over 35 years’ experience in the oil and gas sector working in both large and small companies.
During his 26-year career with ExxonMobil between 1980 and 2006, Douglas held various technical and managerial positions in Australia, the USA and Asia. His roles covered the upstream value chain, from strategy development to exploration, resource commercialisation, development and production. He has managed large successful exploration drilling campaigns in Australia and South East Asia. He was responsible for the discovery of the giant Jansz-Io gas field on the North West Shelf and played a key role in its integration into the Gorgon LNG project. He also had a lead role in efforts to commercialise the giant Hides gas field in PNG.
Between 2008 and 2011, Douglas was Chief Executive Officer of privately owned Pexco NV and its Australian subsidiary Benaris International Pty Ltd. During his time with Pexco, he oversaw a period of growth during which the company increased its interests in the Geographe-Thylacine gas project in offshore Victoria and expanded its exploration footprint in South East Asia.
Douglas has also served as a Non-Executive Director on the Boards of Roc Oil Limited and Great Artesian Oil & Gas Limited, and is currently a Non-Executive Director of Beach Energy Limited.
Douglas’ technical and commercial experience across all aspects of the upstream oil and gas business has given him a set of skills, which complement the other members of the Tap Board.