Tullow Oil appoints Roald Goethe as independent non-executive director
Tullow Oil, the London-based independent oil and gas exploration and production company, has announced the appointment of Roald Goethe as an independent non-executive Director of Tullow with effect from 24 February 2023.
Roald Goethe is a highly experienced oil and gas executive with extensive commercial knowledge of the energy industry in Africa, including business development, mergers and acquisitions, and in oil markets, specifically hedging, financing, and trading. He has over 27 years of experience in the oil and gas industry, having worked with some of the leading oil and gas companies in the world.
In 1994, Roald joined Trafigura Group as an executive, where he played 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 approximately 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.
Commenting on the appointment, Dorothy Thompson, Tullow’s Executive Chair, said: “We are delighted to welcome Roald to the Board. He brings with him extensive experience of the African energy industry and we are confident that his knowledge and expertise will be of great value to Tullow. We look forward to working with him as we continue to develop our business in Africa.”
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.”
Roald will stand for re-election to the Board at the Annual General Meeting planned in May 2023. His appointment comes as Tullow continues to focus on its growth strategy and strengthening its position in Africa’s oil and gas sector.
