Two new directors to join Tullow Oil board

  • Business & Finance

Oil and gas exploration company Tullow Oil has appointed two non-executive directors to its board of directors.

Tullow said on Thursday that Sheila Khama and Genevieve Sangudi would join the board as non-executive directors, effective from April 26, following Tullow’s annual general meeting on April 25.

According to the company, Khama and Sangudi will stand for re-election to the board at the 2020 AGM.

Also, after almost nine years on the board, Tutu Agyare will resign as a non-executive director, with effect from the conclusion of the 2019 AGM.

Agyare joined Tullow in 2010 as a non-executive director and was a member of several board committees, including chair of the Remuneration Committee for the past two years. Following the retirement, Jeremy Wilson will chair the Remuneration Committee.

Sheila Khama is a policy adviser on the mineral, oil and gas industries at the World Bank in Washington focusing on host government relations with commercial companies. She also represents the bank as an observer on the International Board of the EITI.

She took up her position at the World Bank in 2016 having worked in a similar role for three years at the African Development Bank. Earlier in her career, she spent eight years with Anglo-American in Botswana as their corporate secretary before joining De Beers as their CEO in Botswana for five years until 2010.

As for Sangudi, she is a managing director for The Carlyle Group based in South Africa. She has over 15 years of investment experience in Africa in the healthcare, financial services, oil & gas, petrochemicals, agribusiness, and telecommunications sectors.

Sangudi joined Carlyle in 2011 and played a lead role in launching Carlyle’s maiden Sub-Saharan Africa fund, including fundraising, strategy, origination, and execution.  Before Carlyle, she was a partner and managing director with Emerging Capital Partners. Sangudi started her career in business development at Procter & Gamble in Boston.

Dorothy Thompson, chair of Tullow Oil, said: “All of the board join me in thanking Tutu Agyare for his contribution to Tullow over the past nine years. I am also delighted to welcome Sheila and Genevieve to the board of Tullow where their wide experience of both Africa and the resources sector will be invaluable.”

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