Independent oil and gas exploration and production company Tullow Oil has appointed Roald Goethe as a new independent non-executive director.
With extensive experience as an oil and gas executive, Goethe brings extensive commercial knowledge of the energy industry in Africa, including business development, M&A and the oil markets, specifically hedging, financing and trade, Tullow said in its statement.
In 1994 he joined the Trafigura Group as an executive where he played an integral role in the development of the group’s oil trading activities, mainly in West Africa. In 2006 he founded his own company, Delaney Petroleum, trading crude oil and derived products mainly with West Africa and the Middle East. He then returned for a three-year term with Trafigura Group in Geneva and remained an adviser to the company until the end of 2021, according to Tullow’s statement.
The company also noted that Goethe is a long-term supporter and shareholder of Tullow, with around 22 million shares. According to the company, Goethe is familiar with Tullow’s strategy and is aligned with its commitments as a trusted partner of its host countries in Africa.
Goethe will stand for re-election to the Board of Directors at the Annual General Meeting scheduled for May 2023, the statement said.
“I am delighted to welcome Roald to the Tullow Board. He has proven skills as a business developer in Africa, with valuable hands-on in-country experience in matters such as finance, trade and solving complex business problems. He has an excellent understanding of Tullow’s business and vision, and will bring a unique commercial and business perspective to the Tullow Board, which will help us pursue our long-term strategy,” said Phuthuma Nhleko, President of Tullow Oil.
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