Santos names new board member
Australian oil and gas company Santos has appointed a new member of the board of directors.
Santos said on Thursday that Guan Yu would be appointed to the board as the ENN-nominated non-executive director effective May 3, 2019.
Guan is president and a director of ENN Ecological Holdings. Before joining ENN, he held senior executive roles with Shell China and Schneider Electric.
He replaces Yujiang (Eugene) Shi as the ENN-nominated director. Shi resigned from the Santos board after the 2019 annual general meeting held in Adelaide on May 2. He was a member of the board since 2017.
It is worth reminding that under the strategic relationship agreement signed with ENN in 2017, ENN has the right to nominate one person as a director of Santos, provided that it has an aggregate relevant interest of 15 percent or more in Santos.