Former IPC Chairman Lukas H. Lundin
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  • International Petroleum Corporation (IPCO) announces the passing of former Chairman of the Board of Directors, Lukas Lundin in Switzerland
  • Mr. Lundin was the driving force behind The Lundin Group of Companies
  • 11 companies make up The Lundin Group of Companies for a total of US $11 billion
  • International Petroleum (IPCO) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth
  • International Petroleum (IPCO) is up today, currently trading at C$14.83 as of Jul 27, 2022, 2:07 PM ET

International Petroleum Corporation (IPCO) announces the passing of former Chairman of the Board of Directors, Lukas Lundin in Switzerland.

In the past 40 years, Mr. Lundin was the driving force behind The Lundin Group of Companies, including IPC. He started his career in the international energy and mining sectors in the early 1980s alongside his father, Adolf Lundin.

Under the leadership of Mr. Lundin and his brother Ian, and with the help of other members of the Lundin family, the Lundin Group of Companies developed into an internationally recognized group of energy and mining companies with operations worldwide. More than 15,000 employees currently work with the Lundin Group of Companies, while creating opportunities for tens of thousands more.

The 11 companies that make up the Lundin Group of Companies have a combined market capitalization in excess of US $11 billion.

In his role as Chairman, Mr. Lundin was instrumental in overseeing the strong growth of IPC following the spin-off from Lundin Energy in 2017 and in creating a highly successful international oil and gas company, achieving operational excellence and a history of shareholder value creation. Mr. Lundin was the Chairman of the Board of Directors of IPC from its creation in 2017 until 2020. Mr. Lundin’s son Harry Lundin is a director of IPC and his son William Lundin is IPC’s Chief Operating Officer.

Mr. Lundin’s sons Harry, Adam, Jack and William say in a joint statement:
“Our father is our biggest inspiration. His passion for the industries to which he devoted his life was unparalleled. Lukas saw people as the key to success and spent decades building some of the strongest management teams in our industries.”

IPC’s President and CEO, Mike Nicholson, comments:

“On behalf of the entire IPC team, we would like to pass our deepest condolences to the Lundin family on the passing of Lukas. His passion for life and business was infectious, enabling individuals and teams to constantly exceed their expectations and live up to their potential.”

International Petroleum (IPCO) is an international oil and gas exploration and production company with a high quality portfolio of assets located in Canada, Malaysia and France, providing a solid foundation for organic and inorganic growth.

International Petroleum (IPCO) is up today, currently trading at C$14.83 as of Jul 27, 2022, 2:07 PM ET.


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