Tullow appoints Independent NED

Tullow appoints Independent NED

• Mr. Roald Goethe, Tullow Oil Independent Non-Executive Director

Tullow Oil Plc has appointed oil magnate Roald Goethe as an Independent Non-Executive Director (NED) of Tullow with effect from February 24, 2023.

“Roald is a highly experienced oil and gas executive with extensive commercial knowledge of the energy industry in Africa including business development, M&A, and in oil markets, specifically hedging, financing and trading,” a Tullow statement said this week.

According to the oil company, Mr. Goethe is a long-term supporter and shareholder of Tullow, holding c.22 million shares.

“He is familiar with Tullow’s strat­egy and aligned with the company’s commitments as a trusted partner to its host nations in Africa,” the ste­ment said.

Tullow said Mr. Goethe will stand for re-election to the Board at the Annual General Meeting planned in May 2023.

Mr. Phuthuma Nhleko, Chairman of Tullow Oil, said: “I am delighted to welcome Roald to the Board of Tullow.

“He has proven skills as a business builder in Africa, with valuable practi­cal experience in country on matters such as financing, trading, and resolv­ing complex commercial issues.

“He has an excellent understanding of Tullow’s business and vision, and he will provide a unique commercial and entrepreneurial perspective to Tullow’s Board, which will help us to pursue our long-term strategy.”

Tullow is an independent oil and gas, exploration and production group which is quoted on the London and Ghanaian stock exchanges.

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