Mr. Annand Jagesar, Managing Director of Staatsolie, holds a bachelor’s degree in business economics and a master’s degree in Business Administration, specialization Corporate Strategy and Economic Policy. Prior to his appointment as Managing Director, he has assumed several positions at Staatsolie, including Director Downstream, Deputy Director Business Development and Manager Corporate Planning.

Mr. Jagesar has a strong track record in strategic planning, project execution and operational efficiency. He has led the acquisition of the Chevron retail business in Suriname. He has been member of negotiation teams for Production Sharing Contracts and has negotiated a number of follow-up agreements to progress work execution in this regard.

Mr. Jagesar has been Chairman of the Board of the Suriname Stock Exchange; and member of the Supervisory Board of Twin hotels N.V. (owner of Courtyard Marriot Suriname). In addition, Mr. Jagesar has been the Chairman of the Supervisory Board of the Academic Hospital Paramaribo, and Vice-Chairman of the Supervisory Board of Insurance Company Assuria N.V.