Premier Oil plc announced that David Lindsell will retire at the next AGM in May 2017. Iain Macdonald, who joined the Board in May 2016 will assume David Lindsell's role as Chairman of the Audit and Risk Committee. In accordance with Premier's existing succession planning and current Corporate Governance guidelines, Joe Darby, Senior Independent Director, who will complete 10 years as a Board member during 2017 has indicated that he will step down from the Board at the upcoming AGM in May 2017. In addition, Mike Welton, Chairman, has indicated to the Board that he will step down as Chairman - after serving eight years in the role - on completion of the current refinancing programme and identification of a suitable replacement.