Pennpetro Energy plc
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Pennpetro Energy plc
Home
Management team
Investor news
Notices & reports
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  • Home
  • Management team
  • Investor news
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  • Management team
  • Investor news
  • Notices & reports

Senior management and Board

Stephen Lunn - Executive Chairman

  

Stephen Lunn entered the commercial world in 1972 and now possesses a wide spectrum of experience gained in the global stock broking and investment banking sectors, initially spending time with Merrill Lynch in London, New York and Hong Kong. Having obtained registration with the Commodity Futures Trading Commission in the USA (CFTC), Stephen moved his focus from commodity trading to dealing in Equities and Bonds. 


Moving to Australasia in 1976, he worked with a number of Stock Exchange member firms, culminating in the position of Deputy Chairman for a full-line broking house, Frank Renouf & Co. covering equities, bonds, portfolio management together with mergers and acquisitions. Managing significant Pension funds involved participation in Initial Public Offerings (IPO's), capital raisings and underwriting new issues.


Presently, Mr. Lunn is currently a director of the following non-public listed companies; Lunbros Trust Ltd., GreenXXCorp Ltd., CFGH Management Limited, FHF Corporate Finance Limited, Petroquest Energy Ltd. and York Energy Ltd. In the previous five years, Mr. Lunn was on the board of RRR HoldCo Limited.

Richard Spinks - Chief Executive Officer and Executive Director

 Richard, a serial entrepreneur, has 40 years' experience working across sectors including technology, fisheries, agriculture, forestry and for the past 13 years renewable energy and decarbonisation fuel product development. Today, RMD's biofuels and biofertilizer company is a leading company in this rapidly growing sector globally. 


He has founded several disruptive companies in traditional industry sectors, held executive and board positions in privately held and both US and UK listed Plc businesses. Richard works internationally and has deep knowledge and strong connections, including in Ukraine where he has been active for over 20 years. Richard is multi-lingual and a strong communicator in the languages of the countries where RMD investments are held. 

Robert Menzel - Executive Director

Robert is the founding member and Chairman of Globalvision International Lda, an international commodity trading organisation with a focus on developing oil and gas investment projects.


His career experience includes setting up new business ventures; working in the finance operations of international oil conglomerates; having trained and practiced as a professional accountant for two of the big 4 professional services firms. 

Mavriky Kalugin - Chief Operations Officer

Mavriky joined Pennpetro in October 2025 as Chief Operations Officer and has over 28 years of experience in the oil and gas sector and extensive global expertise in managing upstream and service companies, greenfield and brownfield development, and production optimization. He recently served as Executive Director and COO of Naftogaz Group in Ukraine.


Also working for Ukrnafta JSC as Deputy Chair of the executive board, and Executive Vice President for production and refining (COO). Previously, Mavriky Kalugin held senior positions for Petrofac, Cairn India, TNK-BP, ConocoPhillips, and ARCO- Alaska. He has a BSc Chemical Engineering degree from University of Idaho and is a US citizen, from Alaska.

Olof Nils Anders Rapp - Senior Non-Executive Director

 Olof Rapp has vast international experience in the aerospace and automotive sector and has held leading managerial positions with Rolls- Royce International, Volvo Truck Corporation and VistaJet International in South America, Middle East and Asia. His last position at Rolls Royce was as Regional Director, Malaysia, with overall responsibility for Rolls-Royce Plc's business in Malaysia and Brunei (Aviation, Marine, Nuclear and Oil & Gas). 


Olof serves as a Board Director in Serunai Commerce Sdn Bhd. He has also served as Director of European Chamber of Commerce Malaysia (EuroCham), and Vice President of Swedish Chamber of Commerce Malaysia (SwedCham).”

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