RE: Dorothy16 Dec 2021 11:29
A blue day so far, nice to see and I ditto - onwards and upwards please, I for one would take a slow steady rise over a roller coaster any day.
TULLOW OIL PLC - BOARD UPDATE
16 December 2021 - In accordance with Rule 9.6.11R of the Listing Rules of the UKLA and the Listing Rules of the Irish Stock Exchange, the Company announces that Dorothy Thompson, CBE, will step down and retire as Chair of the Board on 31 December 2021 and Phuthuma Nhleko will be appointed Chair of the Board, effective 1 January 2022. The Company previously announced on 25 October 2021 that Phuthuma Nhleko would take over as Chairman following a suitable handover period.
In accordance with the provisions of the 2018 UK Corporate Governance Code, following the AGM on 16 June 2021, the Company announced that 25.30% of votes were cast against Resolution 7 to reappoint Dorothy Thompson, CBE, as a non-executive director of the Board. Although the resolution was passed, our CEO and Senior Independent Director engaged with our major shareholders who voted against the resolution and incorporated their feedback into the search for our new Chair.