People on the move

Afren announces Non-Executive Director resignations

May 19, 2015 | Company Operations, People on the move

London, UK | – Africa-focused international independent oil exploration and production company, Afren  announced Monday that Peter Bingham and John St John will resign as non-executive directors. The changes will take effect from the close of the company’s 2015 annual general meeting, which is scheduled to be held on June 25, 2015. Peter Bingham and John St John served as company directors since May 2005 and June 2007, respectively. Afren Executive Chairman Egbert Imomoh commented in a company statement: “On behalf of the board, I …

New Managing Director Appointed for Shell Nigeria

January 12, 2015 | Nigeria, People on the move

London, UK | – A new Managing Director has been appointed for Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC) and Royal Dutch Shell. He is Osagie Okunbor, who takes over from Mutiu Sunmonu, who is retiring after 36 years of service. Okunbor has also been named the Country Chair of Shell Companies in Nigeria, combining the two positions his predecessor also held. Okunbor is the third Nigerian to hold both posts, after …

Former Shell CEO Peter Voser returns to ABB as Chairman

December 19, 2014 | North Sea & Western Europe, People on the move

Zurich, Switzerland | –  Swiss engineering conglomerate  ABB has named former Royal Dutch Shell boss Peter Voser as its new chairman, a homecoming for a man who was previously finance chief at the company. Voser, a Swiss national, had been seen as a possible candidate to become chairman at Basel-based drugmaker Roche , where he is a board member. At ABB, Voser will succeed Hubertus von Gruenberg, 72, who has decided not to stand for re-election at its annual shareholder meeting next year. Voser was …

Nigeria’s Petroleum Minister, Alison-Madueke, elected OPEC President

November 27, 2014 | Nigeria, People on the move

London, UK | – Nigeria’s Petroleum Minister, Diezani Alison- Madueke, was on Thursday elected as president of the Organization of Petroleum Exporting Countries (OPEC). Mrs. Alison-Madueke, who makes history as the first female to be elected into the office, was elected just as members of OPEC began their 166th general meeting at the headquarters of the group in Vienna, Austria. She replaces Libyan deputy Prime Minister for Corporations, Abdourhman Atahar Al-Ahirish, as OPEC president. Until her election, Mrs. Alison-Madueke, who would serve for one year, …

OPEC said to name Nigeria’s Alison-Madueke as President for 2015

November 27, 2014 | Nigeria, People on the move

Vienna, Austria | – Diezani Alison-Madueke will succeed Libya’s Abdourhman Ataher Al-Ahirish as OPEC’s President next year, according to a delegate at the group, who asked not to be identified in line with policy. Alison-Madueke is Petroleum Minister for Nigeria, Africa’s largest oil producer. She was proposed in June as a candidate for Secretary-General of the Organization of Petroleum Exporting Countries, two people with direct knowledge of the matter said. That role is currently held by Libya’s Abdalla El-Badri. The position of president is normally held …

South Africa’s Sasol appoints new executive director and CFO

September 30, 2014 | People on the move, South Africa

Johannesburg, South Africa |- After a year-long search, South African multinational gas and liquid fuels group Sasol on Monday appointed Anglo American Platinum (Amplats), and former Eskom chief financial officer Bongani Nqwababa as its chief financial officer from next March , or earlier. Sasol’s former chief financial officer, Christine Ramon, left in August last year and the post has been filled on an interim basis by Paul Victor. The group’s chief financial officer will play a critical role in the next year or two as …

Afren suspends two directors pending Investigation

August 01, 2014 | Company Operations, People on the move

London, United Kingdom | – Afren plc an international independent exploration and production company and  London-listed oil explorer  said its board had temporarily suspended Chief Executive Osman Shahenshah and Chief Operating Officer Shahid Ullah pending an investigation into payments. The company said in a statement to the regulatory service that a review for the board found evidence of “the receipt of unauthorised payments potentially for the benefit of the CEO and COO”. “These payments were not made by the company. The investigation has not found …

BP downstream MD/CEO to step down

July 24, 2014 | Downstream, Management, People on the move

London, United Kingdom | – BP Plc group managing director and chief executive, downstream, Iain Conn, is leaving the company and will step down from the board by the end of the year. Conn has had a career of 29 years with BP, serving on the board for the past 10 years and in his current Downstream role for the past seven. Downstream comprises BP’s three main global customer-facing businesses: Fuels, including refining; Lubricants (principally under the Castrol brand); and Petrochemicals. Under Conn’s leadership, BP’s Downstream segment has …