Change at Tullow Oil as firm appoints two new directors

Tullow Oil has appointed two new directors to its board, with Sheila Khama and Genevieve Sangudi set to join as non-executive directors from April 26th.

The company announced the changes on Thursday, and said Tutu Agyare would be retiring from the board after nine years as a non-executive director. He will also be stepping down as chair of the remuneration committee, a role that will be subsequently filled by Jeremy Wilson.

The new board members will bring significant expertise to their roles. Ms Khama is a policy adviser at the World Bank on the mineral, oil and gas industries, and represents the bank as an observer on the international board of the Extractive Industries Transparency Initiative.

Similar role

Prior to joining the World Bank, she held a similar role at the African Development Bank for three years, and also spent eight years with Anglo-American in Botswana as their corporate secretary, and was chief executive of De Beers in Botswana. Following her appointment to the board, Ms Khama will join Tullow's environment, health and safety committee.

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Ms Sangudi currently works with the Carlyle Group as a managing director, based in South Africa. She has more than 15 years of experience in the healthcare, financial services, oil and gas, petrochemicals, agribusiness and telecommunications sectors in Africa, and has worked with Emerging Capital Partners and Procter & Gamble.

While with Emerging Capital Partners, she established and managed the firm's Nigeria operations. In her new role with Tullow, she will join the remuneration and audit committees.