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.
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.
Robert has experience, in his own privately held business, on developing oil and gas investment projects internationally. His career experience includes setting up new business ventures, working in a finance role with international oil companies. He has also trained and practiced as a professional accountant for two of the big 4 professional services firms in the past.
Olof Rapp was first appointed as a director of Pennpetro Plc in 2016 and has served on the board since then. His international experience in aerospace and automotive sectors included managerial positions with Rolls-Royce International, Volvo Truck Corporation and VistaJet International in Latin America, Middle East, and Asia. His final position at Rolls Royce was Regional Director for Malaysia, with overall responsibility for Rolls-Royce Plc's business in Malaysia and Brunei (Aviation, Marine, Nuclear, Oil & Gas). Olof has served as Director of the European Chamber of Commerce Malaysia (EuroCham), as well as Vice President of the Swedish Chamber of Commerce Malaysia (SwedCham) in the past.