www.bordersandsouthern.com  15  Borders & Southern Petroleum plc Annual Report & Accounts 2014 STRATEGIC  REPORT DIRECTORS’  REPORT F INANCIAL  S T ATEMENTS Left to right Peter Fleming Howard Obee Harry Dobson Nigel Hurst-Brown Stephen Posford Stephen Posford was a partner of  stockbrokers W.Greenwell and Co. In  1986, he became Managing Director  of Greenwell Montagu Gilt Edged and  in 1989 moved to Salomon Brothers  to head up its proprietary trading  department in London. He then became  Salomon Brothers European CEO  before retiring in 1996. Since qualifying as a Chartered  Accountant, Nigel Hurst-Brown has  pursued a career in fund management.  From 1986 to 1990 he was Chairman  of Lloyd’s Investment Managers. In  1990 he moved to Mercury Asset  Management as a main board Director  and following Mercury’s acquisition  by Merrill Lynch in 1997 became a  Managing Director of Merrill Lynch  Investment Managers. Currently he  is Chief Executive of Hotchkis and  Wiley (UK) Limited and a member of  the Executive Committee of its US  parent Hotchkis and Wiley Capital  Management LLC and Non-Executive  Chairman of Central Asia Metals plc. Stephen sits on the Audit and  Remuneration Committees. Nigel is Chairman of the Audit  Committee and sits on the  Remuneration Committee. STEPHEN POSFORD (NON-EXECUTIVE DIRECTOR)  NIGEL HURST-BROWN (NON-EXECUTIVE DIRECTOR)  BACKGROUND BACKGROUND