CORRECTED-UPDATE 1-Tullow Oil names former MTN head Phuthuma Nhleko as chairman-designate [Reuters]
TULLOW OIL PLC UNSP/ADR (TUWOY)
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Source: Reuters
Tullow Oil names former MTN head Phuthuma Nhleko as chairman-designate By Reuters Staff 2 Min Read (Removes “change of plans” in paragraph 5) (Reuters) -Africa-focused Tullow Oil Plc named Phuthuma Nhleko, former boss of South African telecom major MTN Group, as chairman-designate on Monday, a role that he also holds at the Johannesburg Stock Exchange Ltd. Nhleko, a South African national, will replace Tullow’s Chairwoman Dorothy Thompson who is retiring by this year-end. Tullow earlier this year emerged from a financial overhaul, with a $1.8 billion bond and a new business plan under top boss Rahul Dhir. “Phuthuma will play an important part in supporting Tullow’s ambitions to be a partner of choice for governments and our industry peers, as the African oil and gas sector evolves over the coming decade,” said Thompson. Nhleko, currently chairman-designate of JSE, was supposed to take on the role of chairman of the bourse from next year. JSE did not immediately respond to a request f
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