David Knox (businessman)

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David John Wissler Knox is an Australian oil and gas industry executive and former chief executive officer and managing director of Santos. Knox is originally from Edinburgh, Scotland [1] and is considered to be one of South Australia's most influential people. [2]

Contents

Career

Knox was appointed to Santos' CEO and MD positions in July 2008 after joining the company the previous year. Knox was previously managing director for BP Developments in Australasia from 2003 to 2007. He has worked for BP in the United Kingdom and Pakistan, and has held management and engineering positions at ARCO and Shell in the USA, Netherlands, the United Kingdom and Norway. In August 2015 Knox announced that he would be leaving his leadership positions at Santos as soon as a successor had been appointed. [3] [4] As of 2016, Knox is the Chairman of the Australian Petroleum Production and Exploration Association (APPEA). [5] and Deputy Chair of the CSIRO. [6]

Coal seam gas

On his appointment to MD in 2008 Knox announced that coal seam gas production would become a key focus. [7] This followed on from the work of his predecessor, John Ellice-Flint. As of September 2014, the Gladstone LNG project is approaching completion as the company's future gas gateway to export markets. Knox has remained optimistic about the project reaching completion in time to deliver first shipments in 2015. [8]

Knox has defended coal seam gas in response to protesters involved with the Lock the Gate Alliance and the Wilderness Society who have raised concerns about soil and water contamination from fracking. He believes that coal seam gas provides a way forward to a low-carbon economy due to it burning at least 50% cleaner than coal. He has described coal seam gas opposition as misinformed, lacking in understanding and in some cases "deliberately pushed by people who will never support the resources industry." [9]

Remuneration

In 2008, Knox's salary at Santos was $1.75 million, with potential to double the figure if certain performance targets were met. [7] His salary became a controversial topic in 2012, after it was revealed that he was to earn $2.25 million in base salary, plus bonuses for achieving targets under short-term and long-term incentive plans up to a total of $6.75 million. His earnings were four times that of any other Santos executive. A consultant's report commissioned by the company claimed that Mr Knox was not paid as well as his peers in other companies, despite the managing director of Woodside Petroleum, a company more than twice the size of Santos, being paid the same as Knox in 2011. [10] His total financial compensation for the year 2013 was $6,263,668. [11] In the fiscal year 2014, his total calculated compensation was $6,782,702. [12] In 2016, following his departure from Santos, The Adelaide Advertiser reported that Knox had received more than AUD$30 million during his employment with the company. [13]

Memberships

Knox holds a number of positions on a variety of boards and councils. These include: [14]

Former memberships

Personal life

Knox, his wife, and their four children migrated to Australia in 2003. He, his wife, and one of their children became Australian citizens in 2010. [18]

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References

  1. ↑ "David Knox". RiAus. Archived from the original on 21 October 2014. Retrieved 13 October 2014.
  2. 1 2 "Power List – The 50 South Australians who have a mighty influence". The Australian . 1 June 2013. Retrieved 13 October 2014.
  3. ↑ "EnergyNewsPremium.net – Knox to leave Santos, asset sales considered". energynewspremium.net. 21 August 2015. Retrieved 9 November 2015.
  4. ↑ "Departing Santos boss David Knox admits GLNG will start producing 'in a dip'". Sydney Morning Herald . Retrieved 9 November 2015.
  5. ↑ "David Knox, Australian Petroleum Production & Exploration Association: Profile & Biography". Bloomberg. Retrieved 25 May 2016.
  6. ↑ "Board members".
  7. 1 2 "Santos appoints David Knox as CEO". The Sydney Morning Herald. 29 July 2008. Retrieved 13 October 2014.
  8. ↑ Chambers, Matt (15 September 2014). "Crunch time for the great gas gateway" . Retrieved 13 October 2014.
  9. ↑ Roberts, Greg (11 August 2011). "CSG vital to reduce carbon, says Knox". The Courier Mail. Retrieved 14 October 2014.
  10. ↑ "Santos chief's $3.8m pay packet is too small, company claims". News.com.au. 30 March 2012. Retrieved 13 October 2014.
  11. ↑ "David John Wissler Knox". Bloomberg Businessweek . Archived from the original on 13 October 2014. Retrieved 13 October 2014.
  12. ↑ "David John Wissler Knox BSc (Hons) Mech Eng, MBA, FIEAust, FTSE: Executive Profile & Biography – Businessweek". Bloomberg BusinessWeek. Retrieved 1 August 2015.
  13. ↑ England, Cameron (1 April 2016). "Ex-Santos chief David Knox earned $30m during his term and still to get more after ousting". Adelaide Advertiser . Retrieved 1 April 2016.
  14. ↑ "Directors & Management". Santos Ltd. Retrieved 13 October 2014.
  15. ↑ "Joint media release: Snowy Hydro board members re-appointed" . Retrieved 14 March 2024.
  16. ↑ "Board members".
  17. ↑ "Royal Institution of Australia > Organisation". Royal Institution of Australia. Archived from the original on 16 April 2020. Retrieved 23 April 2020.
  18. ↑ Christopher, Russell (17 September 2010). "Santos boss David Knox now an Australian citizen". The Advertiser. Retrieved 13 October 2014.
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