Tullow Oil Names Chairman-designate

Yadarisa Shabong
Monday, October 25, 2021

Africa-focused Tullow Oil Plc named Phuthuma Nhleko, former boss of South African telecom major MTN Group, as chairman-designate on Monday, a role that he also holds at the Johannesburg Stock Exchange Ltd.

Nhleko, a South African national, will replace Tullow's Chairwoman Dorothy Thompson who is retiring by this year-end.

Tullow earlier this year emerged from a financial overhaul, with a $1.8 billion bond and a new business plan under top boss Rahul Dhir.

"Phuthuma will play an important part in supporting Tullow's ambitions to be a partner of choice for governments and our industry peers, as the African oil and gas sector evolves over the coming decade," said Thompson.

Nhleko, currently chairman-designate of JSE, was supposed to take on the role of chairman of the bourse from next year. JSE did not immediately respond to a request for comment.

"I am very pleased to have been appointed as Chairman-designate of Tullow, a company I have followed with much interest since its inception," Nhleko said in a statement.

"I believe Tullow is uniquely placed to develop the oil and gas resources of its host countries efficiently and safely while minimizing its environmental impact."

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Anil D'Silva and Rashmi Aich)

Categories: People Africa People & Company News

Related Stories

Baker Hughes Sets Up Global Network to Bolster Mature Oil and Gas Fields Production

Eni Kicks Off Coral North FLNG Drilling Campaign Off Mozambique

Valaris Secures $600M in New Contracts as Backlog Rises to $4.8B

Current News

Saipem, Subsea7 Merger Approved

New Fortress Energy Strikes US Power Deal, Keeps FLNG Restart Target

BOURBON Takes Delivery of First of Two 34-Meter Crew Boats

Aventa Adds Offshore Crewing Specialist to Group

Subscribe for OE Digital E‑News