Paragraph 1: Introduction of GOIL’s New Leadership
GOIL PLC, a prominent player in Ghana’s petroleum industry, has ushered in a new era of leadership with the appointment of Nana Philip Archer as the Chairman of its nine-member Board of Directors. Archer, a seasoned executive boasting over two decades of experience in multinational corporations, brings a wealth of leadership expertise to the role. The newly constituted board also includes Edward Abambire Bawa, the Group Chief Executive Officer and Managing Director, alongside other distinguished members: Dr. Thomas Kofi Manu, Dr. Evelyn Lamisi Asuah, Mr. Sylvester Kotey, Mr. Afetsi Awoonor, Mr. Augustine Angaa Dayuo, Dr. Kwamena Minta Nyarku, and Professor Peace Mamle Yoko Tetteh. Completing the board’s structure is Nana Ama Kusi-Appouh, who will serve as the board secretary.
Paragraph 2: GOIL’s Management Team and Subsidiaries
Supporting the Board of Directors is a capable management team, spearheaded by Edward Abambire Bawa. This team includes key figures such as Dr. Marcus Deo Dake, Head of Corporate Affairs; Nana Ama Kusi-Appouh, who also holds the position of Solicitor Secretary; and Ing. Denis Nii-Komiete Amui, Head of Operations. Further strengthening the management ranks are Kingsley Ansah, Head of Estates; Augustine Boateng, Head of Fuels Marketing; Mahamadu Nurudeen Bayensi, Chief Internal Auditor; Roger Oteng Baah, Head of IT; Millicent Ocquaye, Head of Admin and HR; and Ing. Joshua Kwabena Duodu, Head of Technical and Special Products. The management team is rounded out by Marian Thompson Fordjor, Head of HSSEQ, and Robert Nii Lartey, Acting Group Chief Finance Officer. GOIL’s subsidiaries are also under capable leadership, with Amentor Sam Aziakar at the helm of GOEnergy Limited, Anyeyure L.J. Adongo leading GOBitumen, and Dr. Ing. Belinda Boadi heading GOIL Upstream Limited. This comprehensive leadership structure positions GOIL for continued success.
Paragraph 3: Shareholder Endorsement and Transition of Power
The appointment of the new Board of Directors received resounding endorsement from GOIL PLC shareholders during an Extraordinary General Meeting (EGM) held in Accra. This hybrid meeting, conducted both in-person and online, served as a formal platform for the outgoing Board to pass the baton to their successors. This transition of power signifies a renewed commitment to the company’s strategic direction and future growth. The shareholders’ approval underscores their confidence in the new leadership’s ability to navigate the evolving energy landscape and deliver value.
Paragraph 4: Bawa’s Vision for GOIL’s Future
Addressing the shareholders during the EGM, Edward Abambire Bawa, the Group Chief Executive and Managing Director, articulated a clear vision for GOIL’s future. He emphasized the management team’s dedication to enhancing shareholder value and increasing dividend payments – key priorities for any investor. Bawa, an energy expert and public servant with nearly two decades of experience in energy policy, highlighted the company’s readiness to adapt its strategies as needed to achieve these objectives. This proactive approach signals a commitment to staying ahead of market trends and capitalizing on emerging opportunities.
Paragraph 5: Collaborative Approach and Building on Past Successes
Bawa further stressed the importance of collaboration between the new Board and the management team. This partnership, he noted, is crucial for building upon the successes achieved by the previous management. By working together, the leadership aims to consolidate GOIL’s position in the market and drive further growth. This collaborative approach signifies a unified front, ensuring that all stakeholders are aligned towards a common goal.
Paragraph 6: Archer’s Focus on Growth and Profitability
Following the endorsement of the new Board, Nana Archer, the newly appointed Chairman, outlined his priorities for GOIL. He emphasized a focus on achieving growth and increased profitability for the company. Specifically, Archer highlighted the Board’s commitment to maximizing returns on investment for new projects undertaken by GOIL. This strategic focus on profitability and growth underscores the Board’s dedication to delivering value to shareholders and solidifying GOIL’s position as a leading player in the energy sector. Archer’s leadership promises a dynamic and results-oriented approach to steering GOIL towards a prosperous future.
