Tullow Oil plc Changes on the board

Tullow Oil PLC
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Tullow Oil (LON: TLW) has announced the appointment of Martin Greenslade as a non-executive Director of Tullow with effect from 1 November 2019. Martin has also been appointed as a member of the Audit Committee and will stand for election to the Board at the 2020 Annual General Meeting (AGM).

Martin brings extensive financial experience to Tullow from his current position as Chief Financial Officer and member of the Board of Land Securities Group plc which he has held since 2005. Martin, a qualified accountant, also brings multi-sector experience to the Group from senior positions held in real estate, financial services, defence and manufacturing. Martin is currently a Trustee of International Justice Mission UK and was Group Finance Director of Alvis plc from 2000-2005.

Steve Lucas, non-executive Director, will step down from the Board following the conclusion of the Group’s 2020 AGM, after eight years with Tullow. At the same time, Martin Greenslade will be appointed Chair of the Audit Committee.

Dorothy Thompson, Chair of Tullow Oil, commented:

” I am delighted to welcome Martin to the Board of Tullow, where he will bring important insight and diversity of thought from both his current position as Chief Financial Officer of Land Securities and his extensive experience from other sectors. His timely appointment will allow for a suitable handover of Audit Committee responsibilities ahead of Steve Lucas stepping down in April next year.”

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    Tullow Oil plc on track to achieve its free cash flow targets and has resolved operational issues. Financially, Tullow Oil has seen revenue growth and debt reduction.

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