Bowleven sees board changes

  • Business & Finance

Bowleven, an independent exploration and development company focused on Africa, announced that Chief Tabetando and Peter Wilson will both step down from the Board, and that John Martin has been appointed as a Non-Executive Director.

The company said that these changes were made following the recent completion of the Etinde farm-out transaction and associated transfer of operatorship in March 2015, and that the changes will be effective from today, May 5, 2015.

The company also said that the appointment of John Martin as a Non-Executive Director is effective from today. Martin has more than 30 years’ experience in international banking in the oil & gas industry. According to Bowleven, he had a long career in ABN Amro for 26 years, specialising in the Oil & Gas sector.

Martin is currently a Non-Executive Director and Chairman of the Audit Committee of Total E&P UK Limited and is also Senior Vice President of the World Petroleum Council. According to the Bowleven, Martin will join the company’s audit, nomination and remuneration committees.

Ronnie Hanna, Chairman of Bowleven plc, said: “I would like to thank both Chief Tabetando and Peter for their significant contributions to the Bowleven Board over a period that spans many years.  We are also pleased that Chief Tabetando has agreed to continue to support the Group’s operations in Cameroon and that Peter will continue as General Counsel.

“We are also delighted to have the benefit of John’s wealth of experience on the Bowleven Board at this exciting time in the company’s development.”

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