Tullow Oil PLC Phuthuma Nhleko appointed Chairman-designate (0272Q)
25 October 2021 - 5:00PM
UK Regulatory
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RNS Number : 0272Q
Tullow Oil PLC
25 October 2021
News Release
Appointment of Phuthuma Nhleko as non-executive Chairman of
Tullow Oil plc
25 October 2021 - Tullow Oil plc (Tullow) is pleased to announce
the appointment of Phuthuma Nhleko as an independent non-executive
Director and Chairman-designate of Tullow. Phuthuma will join the
Board as a non-executive Director on 25 October 2021 and will take
over as Chairman of Tullow from Dorothy Thompson, CBE, following a
suitable handover period and after Dorothy steps down as Chair and
retires from the Board by the year end.
Phuthuma brings extensive emerging markets experience to Tullow
having worked successfully across Africa over the past three
decades. Phuthuma was Chief Executive of MTN Group, the leading
pan-African telecommunications company, from 2002 to 2011. During
his time with MTN, the Group grew rapidly in Africa and the Middle
East, gaining over 185 million subscribers to become one of the
largest listed companies in Africa. In 2013, Phuthuma returned to
MTN as a non-executive Director and Chairman until 2019. This
included a period as Executive Chairman from 2015 to 2017. He
remained part of the international advisory board for the business
until August 2021.
After stepping down as Chief Executive of MTN in 2011, Phuthuma
was a non-executive Director at BP plc (2011-16) and Anglo-American
plc (2011-15). He also served previously on the Boards of Nedbank
and Old Mutual in South Africa.
Currently, Phuthuma is Chairman of Phembani Group, an investment
group which he founded in 1994, and is Chairman-designate of the
Johannesburg Stock Exchange Ltd. Phuthuma is also a non-executive
Director of South African downstream energy company, Engen
Petroleum, and a non-executive Director of IHS Towers, the
NYSE-listed Emerging Markets Telecom Infrastructure Provider.
Phuthuma is a South African national and holds a BSc in Civil
Engineering from Ohio State University and an MBA from Atlanta
University.
Dorothy Thompson, Chair of Tullow Oil plc, commented today:
"Phuthuma brings to Tullow excellent and relevant experience,
having successfully built a truly pan-African business. He is a
widely acclaimed business leader with a deep understanding of
Africa and a broad set of relationships across the continent. He
also brings experience from listed companies across a number of
international markets, including the UK and Africa.
"Phuthuma joins Tullow at a key moment in its development. With
a stable balance sheet and a clear strategy underpinned by a
commitment to Net Zero by 2030 and to responsible and safe
operations, Tullow is well-positioned to re-establish itself as a
leader in Africa. 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."
Phuthuma Nhleko, Chairman-designate of Tullow Oil Plc, also
commented today:
"I am very pleased to have been appointed as Chairman-designate
of Tullow, a company I have followed with much interest since its
inception. I am impressed with the successful turnaround and
transformational refinancing that allows Tullow to build on its
strong position and reputation within the African oil and gas
sector.
"I believe Tullow is uniquely placed to develop the oil and gas
resources of its host countries efficiently and safely while
minimising its environmental impact. I look forward to supporting
the Tullow team as they grow the business, deliver Shared
Prosperity and create value for our investors, staff, host nations
and communities."
FOR FURTHER INFORMATION CONTACT:
Tullow Oil plc Murray Consultants
(London) (Dublin)
(+44 20 3249 (+353 1
9000) 498 0300)
George Cazenove Pat Walsh
(Media) Joe Heron
Nicola Rogers
Matthew Evans
(Investors)
Notes to Editors
Tullow is an independent oil & gas, exploration and
production group which is quoted on the London, Irish and Ghanaian
stock exchanges (symbol: TLW). The Group has interests in over 40
exploration and production licences across 11 countries including
Ghana where it operates the Jubilee and TEN fields. In March 2021,
Tullow committed to becoming Net Zero on its Scope 1 and 2
emissions by 2030.
Follow Tullow on:
Twitter: www.twitter.com/TullowOilplc
YouTube: www.youtube.com/TullowOilplc
Facebook: www.facebook.com/TullowOilplc
LinkedIn: www.linkedin.com/company/Tullow-Oil
Directors' declarations pursuant to Rule 9.6.13R of the Listing
Rules
There is no further information to add in respect of Rule
9.6.13R of the Listing Rules.
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