Tullow Oil Appoints New Non-Executive Chair
Tullow Oil plc has announced the appointment of Dorothy Thompson as independent non-executive director and chair-designate, with effect from the conclusion of the group’s annual general meeting on April 25.
It is anticipated that Thompson will succeed Aidan Heavey, Tullow’s current chairman and founder, as chair at the conclusion of the board meeting scheduled for July 20. Heavey will retire from the board at the same time.
Thompson served as the CEO of Drax Group plc for 12 years, until the end of 2017. Before joining Drax, Thompson managed InterGen’s European power business, was head of project finance at PowerGen and worked at CDC Capital Partners, the private sector arm of the British Government’s aid program.
“I am delighted that Dorothy Thompson is joining Tullow and I wish her well as she takes on her new responsibilities,” Aidan Heavey, chairman of Tullow Oil, said in a company statement.
“Dorothy has exactly the right mix of leadership, managerial, operational and financial experience that Tullow needs. I look forward to working closely with Dorothy during the transition period until she takes over as chair in July and I will follow Dorothy and Tullow’s progress over the next few years with much interest,” he added.
Thompson said she was very pleased to be joining Tullow as the company emerges from the recent downturn in a strong position.
“I am looking forward to working with Paul [Mcdade, CEO of Tullow Oil] and the board as we focus on delivering the full potential of the company’s world class portfolio and the return to value enhancing growth.”
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