– UK, Edinburgh – Bowleven, the Africa focused oil and gas exploration group traded on AIM, is pleased to announce the appointment of William (“Billy”) MacDonald Allan as Non-Executive Director and Chairman Designate with effect from today. Billy will also join the Company’s audit, nomination and remuneration committees.
Billy has over 20 years’ experience in senior positions within both the industrial and oil services sectors. Until recently Billy was Chairman of ASCO Ltd, an international oil support services Group, having previously held the position of Chief Executive Officer (CEO) for 8 years. Prior to joining ASCO he was Divisional Managing Director at Alfred McAlpine PLC.
It is intended that Billy be appointed Non-Executive Chairman of the Bowleven plc Board with effect from the conclusion of the 2015 Annual General Meeting (“AGM”) on 16 December 2015. He is expected to succeed Ronnie Hanna, who will retire from the Bowleven plc Board on conclusion of the AGM, having served as Non-Executive Chairman since 2006.
At the same time, Caroline Cook will also step down from the Board having served as Non-Executive Director and Chairman of the Audit Committee since 2006. It is intended that John Martin, who was appointed Non-Executive Director with effect from 5 May 2015, will take over from Caroline as Chairman of the Audit Committee.
Ronnie Hanna, Chairman of Bowleven plc, said: ” I am delighted that Billy Allan should succeed me as Chairman. His experience in leading international businesses will be invaluable as Bowleven progresses into the next stage of its development.”
Billy Allan, Non-Executive Director/Chairman Designate of Bowleven plc, said: ” I am excited by the growth opportunities available to Bowleven and I look forward to working with Kevin Hart and the entire board on the next stage of the Group’s development.”
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