IPE Welcomes New Board Director

At the IPE's Board meeting of March 23, Karel Harbour, Deputy Chief Executive of GNI was co-opted as a Director. Mr Harbour's appointment fills the vacancy created by Richard Reinert's resignation earlier this year. Karel Harbour's appointment to fill a casual vacancy was recommended by the Nominating Committee and endorsed by the Board of Directors, and it is effective until the next annual general meeting. In August 1983, Karel Harbour joined GNI where he was heavily involved in oil, foreign exchange, metals and more recently electricity. In addition to sitting on various committees for the London Clearing House and the London International Financial Futures and Options Exchange, Karel Harbour sat on the IPE's Membership Committee, which preceded the current Membership and Rules Committee. Lynton Jones, Chief Executive of the IPE said, "Karel Harbour has extensive experience of the oil industry and the Exchange spanning sixteen years. He will be a welcome addition to our Board and I look forward to Karel helping to determine the IPE's strategic direction".