Appointment of Roald Goethe as an Independent NED

RNS Number : 0504R

Tullow Oil PLC

27 February 2023

 

TULLOW OIL PLC

Appointment of Roald Goethe as an Independent Non-executive Director of Tullow Oil plc

27 February 2023 - Tullow Oil plc (Tullow) is pleased to announce the appointment of Roald Goethe as an independent non-executive Director of Tullow with effect from 24 February 2023.

Roald is a highly experienced oil and gas executive with extensive commercial knowledge of the energy industry in Africa including business development, M&A, and in oil markets, specifically hedging, financing and trading. In 1994 he joined Trafigura Group as an executive where he had an integral role in the development of the group's oil trading activities, primarily in West Africa. In 2006 he founded his own company, Delaney Petroleum Ltd, trading crude oil and petroleum products predominantly with West Africa and the Middle East. He then returned for a three year term with Trafigura Group in Geneva and remained an advisor at the company until the end of 2021.

Roald is a long-term supporter and shareholder of Tullow, holding c.22 million shares. He is familiar with Tullow's strategy and aligned with the Company's commitments as a trusted partner to its host nations in Africa.

Roald will stand for re-election to the Board at the Annual General Meeting planned in May 2023.

Phuthuma Nhleko, Chairman of Tullow Oil Plc, said: "I am delighted to welcome Roald to the Board of Tullow. He has proven skills as a business builder in Africa, with valuable practical experience in country on matters such as financing, trading, and resolving complex commercial issues.  He has an excellent understanding of Tullow's business and vision, and he will provide a unique commercial and entrepreneurial perspective to Tullow's Board, which will help us to pursue our long-term strategy."

Directors' declarations pursuant to Rule 9.6.13R of the Listing Rules

There is no further information to add in respect of Rule 9.6.13R of the Listing Rules.

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CONTACTS

Tullow Oil plc (London) ([phone]) Robert Hellwig Matthew Evans

Camarco (London) ([phone]) Billy Clegg Georgia Edmonds Rebecca Waterworth

Notes to editors

Tullow is an independent oil & gas, exploration and production group which is quoted on the London and Ghanaian stock exchanges (symbol: TLW) and is a constituent of the FTSE250 index. The Group has interests in over 30 licences across eight countries. In March 2021, Tullow committed to becoming Net Zero on its Scope 1 and 2 emissions by 2030. For further information, please refer to our website at www.tullowoil.com.

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