Bowleven in board changes
- Business & Finance
Bowleven, the Africa focused oil and gas exploration group traded on AIM, has announced the appointment of William MacDonald Allan as Non-Executive Director and Chairman Designate with effect from today, October 7, 2015.
In a press release issued on Wednesday, Bowleven said that MacDonald would also join the company’s audit, nomination and remuneration committees.
MacDonald has over 20 years’ experience in senior positions within both the industrial and oil services sectors. Until recently MacDonald was Chairman of ASCO Ltd, an international oil support services Group, having previously held the position of Chief Executive Officer (CEO) for 8 years. Prior to joining ASCO he was Divisional Managing Director at Alfred McAlpine PLC.
According to the company, it is intended that MacDonald be appointed Non-Executive Chairman of the Bowleven plc Board with effect from the conclusion of the 2015 Annual General Meeting (AGM) on December 16, 2015. He is expected to succeed Ronnie Hanna, who will retire from the Bowleven plc Board on conclusion of the AGM, having served as Non-Executive Chairman since 2006.
At the same time, Caroline Cook will also step down from the Board having served as Non-Executive Director and Chairman of the Audit Committee since 2006. It is intended that John Martin, who was appointed Non-Executive Director with effect from May 5, 2015, will take over from Cook as Chairman of the Audit Committee.