P2 Energy Solutions Appoints Scott Key as Chairman of the Board05/23/2017
DENVER – (May 23, 2017) – P2 Energy Solutions is pleased to announce the appointment of Scott Key as Chairman of the Board. Key will support P2’s executive team, and global colleagues and customers with his significant experience and expertise in building high growth information and technology companies and long experience in global oil and gas exploration and production.
With over 30 years of diverse international and US experience in energy and technology, and responsibilities spanning executive and board positions, as well as operational management, product management and technology development, Key’s exceptional track record will push P2 to a new level of global performance and customer delivery.
Most recently, Key served as President and CEO of IHS Inc. where he was instrumental in the strategic direction of the company, establishing IHS as a global leader in business information. Under his leadership, IHS grew from just over $200 million in annual revenues in 2003 to more than $2 billion in 2015.
Prior to joining IHS, Key served in a number of E&P operational, management and research positions, including US and international based roles for Phillips Petroleum and ARCO. Key also has a long history of successful and safe onshore/offshore oil and gas exploration and development in a range of North American, international and Deep Water environments.
“I am very excited to work with people I respect and know. I have a long-standing relationship with J. Scott Lockhart, P2’s CEO, and other leaders with whom I have worked in the past. P2’s great track record, innovative products, and strong commitment to cultural diversity and people made the decision to join very easy for me,” said Key. “My first goal as Chairman will be to help focus every P2 colleague and all our efforts in ensuring our customers success. I will make my existing connections and broad expertise in energy and technology available to P2’s executive team to leverage our products capabilities and better serve our customers.”
J. Scott Lockhart, CEO of P2, commented: "An exceptional leader in a wide range of E&P environments for many years, Scott Key is extremely experienced in oil and gas. As an Advent Operating Partner, Scott is already very familiar with P2’s solutions and company ethos, making him a perfect cultural fit. We look forward to him helping the executive team guide the company's growth and capitalize on our core capabilities and opportunities to grow our presence and success in enabling P2 customers.”
Key succeeds Harry Debes, as P2’s Chairman. Debes remains a valuable member of P2’s board with his wide-ranging expertise and broad insight.
P2 Energy Solutions empowers the people who power the world. Upstream oil and gas professionals from more than 1,600 companies around the globe rely on P2’s oil and gas accounting, data, land, production, and reserves software and solutions to optimize their business processes and performance. Visit www.p2energysolutions.com to learn more.
Mark de Wolf
+44 (0) 20 8297 5388