• 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.