Sunday 24 March 2019

Tullow Oil announces a number of board changes

Photo: PA
Photo: PA
Ellie Donnelly

Ellie Donnelly

Tullow Oil has appointed Sheila Khama and Genevieve Sangudi to its board as non-executive directors.

Ms Khama is a policy adviser on the mineral, oil and gas industries at the World Bank in Washington, focusing on host government relations with commercial companies.

She also represents the bank as an observer on the International Board of the EITI. Ms Kkama took up her position at the World Bank in 2016 having worked in a similar role for three years at the African Development Bank.

Earlier in her career, Ms Khama spent eight years with Anglo-American in Botswana as their corporate secretary before joining De Beers as their CEO in Botswana for five years until 2010.

Ms Khama was educated in Botswana before obtaining an MBA from Edinburgh University.

Upon appointment, she will join the environment, health and safety committee.

Meanwhile Genevieve Sangudi is a managing director for The Carlyle Group based in South Africa.

She has over 15 years of investment experience in Africa in the healthcare, financial services, oil & gas, petrochemicals, agribusiness and telecommunications sectors.

Ms Sangudi joined Carlyle in 2011 and played a lead role in launching Carlyle's maiden Sub-Saharan Africa fund, including fundraising, strategy, origination and execution. 

Prior to joining Carlyle, she was a partner and managing director with Emerging Capital Partners where she established and managed the firm's Nigeria operations.

Ms Sangudi started her career in business development at Procter & Gamble in Boston. 

She received an MBA from Columbia Business School, a Masters in International Affairs from Columbia University School of International and Public Affairs and a B.A. from Macalester College.

Upon appointment, Ms Sangudi will join the remuneration and audit committees.

Elsewhere and after almost nine years on the board, Tutu Agyare will resign as a non-executive director, with effect from the conclusion of the 2019 annual general meeting.

Mr Agyare joined Tullow in 2010 as a non-executive director and has provided “significant support and insight” to Tullow, particularly with regards to Ghana, during his time as a director and has been a member of several board committees, including chair of the remuneration committee for the past two years, the group said.

Following Mr Agyare’s retirement, Jeremy Wilson will chair the remuneration committee.

Dorothy Thompson, chair of Tullow Oil, said: "All of the board join me in thanking Tutu Agyare for his contribution to Tullow over the past nine years.”

“He has been a constant source of wise counsel with his strong financial and commercial expertise and his deep knowledge and understanding of Ghana.”

“I am also delighted to welcome Sheila and Genevieve to the board of Tullow where their wide experience of both Africa and the resources sector will be invaluable. I look forward to working with them closely over the years to come."

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