(CAO.L) Camco International Ltd Buy/Sell

RNS Number : 5880C Camco International Ltd 17 November 2009

17 November 2009

Camco International Limited (the 'Company')

Board appointment

Camco International Limited ("Camco"), a leading climate change business in the growing carbon and sustainable development markets, is pleased to announce the appointment of Paolo Pietrogrande as a non-Executive Director to the Board of Directors and Chair of the Audit Committee with immediate effect.

Mr Pietrogrande brings his extensive experience in renewables and clean technology at a time when Camco is expanding its investment activities in these areas. Mr Pietrogrande is currently serving as Executive Chairman of 9REN Group and as a Board member of Ryanair. He has formerly served as CEO of Enel Greenpower, CEO of Nuovi Cantieri Apuania, Chairman of Netplan Management Consulting, Chairman of Atmos Holding and Chairman of Solar Energy Italia.

Chairman David Potter commented "Paolo brings a complimentary skill set to the Camco Board. We look forward to working with Paolo and expect him to make a significant contribution to the success of the business".

The following disclosure is required by the AIM Rules:

Full name:

Paolo Pietrogrande

Age:

52 years

Current directorships:

9ren Group and certain fully owned subsidiaries: 9ren Holding Sarl, Solaica Holding Sarl, 9ren Espa?S.L.U, 9ren Asset S.r.l., Solaica Power, S.L.U;

Amka ONG

Ryanair plc

Previous directorships:

Atmos Holding SpA (Chairman)

CHI Energy (vice-Chairman)

Cise SpA (CEO)

Ducati Motor Holding SpA (non executive director)

Enel GreenPower SpA (CEO)

Energia Global International (vice chairman)

Solar Energy Italia SpA (CEO)

Trinergy plc (non executive director)

Wheb Biofuels Limited (non executive director)

There is no further information required to be disclosed pursuant to Schedule 2(g) of the AIM Rules.

Enquiries:
The Camco Group +44 (0)20 7121 6100

Scott McGregor, Chief Executive Officer KBC Peel Hunt Ltd (Nominated Adviser and Broker) +44 (0)20 7418 8900 Jonathan Marren David Anderson
Kreab Gavin Anderson +44 (0)20 7074 1800

Ken Cronin Kate Hill Michaela Wood Alex Gowlland

This information is provided by RNS The company news service from the London Stock Exchange

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LONDON, Oct 26 (Reuters) - Camco International Ltd:

RNS Number : 3128B Camco International Ltd 26 October 2009

26 October 2009

Board Changes

The Board of the Camco Group announces the following management changes which will take place immediately.

Scott McGregor currently Chief Financial Officer will become Chief Executive assuming responsibility for Group operations and strategy. Jeff Kenna currently Chief Executive will become Vice Chairman and will provide global policy advice to the group and its clients inputting into new business creation and the identification of new business fields.

David Potter, Chairman, said "This is a planned evolution of the management team recognising Jeff's desire, as a co-founder, to step back after 20 years to focus on policy and business development. In promoting Scott, who has been with Camco since before our flotation, we will achieve our desire to pass on to the next generation of management."

The Group is currently in the process of identifying a new CFO and will make an announcement in due course.

Enquiries:
The Camco Group +44 (0)20 7121 6100

Scott McGregor, Chief Executive Officer

KBC Peel Hunt Ltd (Nominated Adviser and Broker) +44 (0)20 7418 8900 Jonathan Marren (Corporate Finance) David Anderson (Corporate Finance) Matthew Tyler (Corporate Broking)

Kreab Gavin Anderson +44 (0)20 7074 1800

Ken Cronin Kate Hill Alex Gowlland Michaela Wood

About Camco

Camco is an international leader in identifying and implementing solutions that help businesses address their climate change risks and opportunities. Camco has a 20-year track record in advisory services and one of the largest and most diversified portfolios of carbon credits, making it a premier climate change and sustainable development company.

Camco brings together the distinct but complementary service areas of Carbon Credits, Advisory and Investments to help its clients manage all aspects of their carbon risk. Camco's businesses collaborate between service groups and countries, sharing technical and commercial expertise to find the best options for its clients.

The Carbon business unit is a leading project developer with one of the world's largest carbon credit portfolios. We partner with companies to identify, develop and manage projects that reduce greenhouse gas emissions, and then arrange the sale and delivery of carbon credits to international compliance buyers and into the voluntary market.

The Carbon business unit has also created one of the largest carbon credit portfolios by working closely with companies to identify and develop projects that reduce greenhouse gas (GHG) emissions. The team has structured ground breaking and innovative arrangements for the sale and delivery of carbon credits to compliance and voluntary buyers.

The Advisory business unit combines strategic, commercial, financial and technical expertise accrued over two decades to deliver low carbon energy and sustainable development solutions. Our experience spans emission assessments, carbon management strategies and project delivery, as well as international energy and climate change policy.

Camco's Investment business collaborates with manufacturers, project developers, technology providers and investor groups to turn innovative ideas into commercially viable and applicable solutions that will make a difference in tackling climate change.

This information is provided by RNS The company news service from the London Stock Exchange

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09:20GMT 29Sep2009-Camco slumps after results; KBC cuts to hold

Shares in Camco International fall 18 percent after the carbon offset aggregator says in its interim results statement it still expects a full-year loss despite seeing signs of recovery in its key markets.
KBC Peel Hunt cuts its recommendation on the stock to "Hold" from "Buy", citing a strong recent performance from the shares and the weak carbon price.
"The ongoing process of risk assessment means that the tonnage now expected from registered projects has reduced by 8 percent from 13.0 million tonnes to 11.9 million tonnes," analyst Andrew Shepherd-Barron adds.
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08:38GMT 29Sep2009-Davenham tumbles on full-year loss

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Davenham says it suffered an "unprecedented" rise in bad property loans, pushing the total impairment charge to 49.2 million pounds from 3.8 million pounds a year earlier.
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08:17GMT 29Sep2009-CS downgrade weighs on UK real estate

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07:40GMT 29Sep2009-Renishaw rises on positive trading

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07:35GMT 29Sep2009-FTSE Small Caps up 0.3 pct at the open

The FTSE Small Cap Index is 0.3 percent higher in opening trade, outperforming the FTSE 100, which falls 0.2 percent, while the FTSE 250 adds 0.5 percent.
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Shares in Camco International fall 13 percent after the carbon offset aggregator says in its interim results statement it still expects a full-year loss despite seeing signs of recovery in its key markets.
KBC Peel Hunt cuts its recommendation on the stock to "hold" from "buy", citing a strong recent performance from the shares and the weak carbon price.
"The ongoing process of risk assessment means that the tonnage now expected from registered projects has reduced by 8 percent from 13.0 million tonnes to 11.9 million tonnes," KBC analyst Andrew Shepherd-Barron says.
For more, please click on

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