Erin Energy announces John Hofmeister as Chairman of the Board alongside Segun Omidele as CEO

– USA, TX – Erin Energy Corporation (NYSE:ERN) (JSE:ERN) announced today the results of the Company’s Annual Meeting of Shareholders held on May 25, 2016 and changes to its board of directors (Board) and management team.

  • John Hofmeister named Chairman of the Board
  • Segun Omidele named CEO
  • Pannell Kerr Foster of Texas, P.C. appointed as the Company’s auditors for 2016

Chairman of Erin Energy, John Hofmeister commented: “It is an honor to inherit the determined leadership of our former Chairman, Kase Lawal. Despite challenging market conditions we will pursue both near and longer term opportunities to strengthen and grow the Company and to reward shareholders with sustained value creating initiatives. Our Board, new Chief Executive, Segun Omidele, other executive leaders, Erin Energy people, plans, and assets are aligned, organized and focused on the tasks at hand to do just that.”

Mr. Segun Omidele has been with Erin Energy since 2011 and previously served as its COO. He will now assume the role of CEO and serve as an executive director on the Company’s Board. Prior to Erin Energy, Mr. Omidele worked for 28 years with Shell in various leadership roles.

Mr. Michael Stinson and Mr. Omidele were elected to fill vacancies resulting from the retirement of Dr. Kase Lawal and Ms. Hazel O’Leary. Mr. Stinson gained more than 37 years of multi-national E&P experience from a career at ConocoPhillips and its predecessor company, Conoco, Inc. Mr. Stinson’s operational experience is substantial in the fields of exploration and production, pipelines and storage, natural gas, gas liquids processing and commercial operations, and marine scheduling. He has extensive capabilities in new business development, mergers and acquisitions, corporate planning, and corporate communications. He will serve on the Company’s Board as an independent director.

About Erin Energy

Erin Energy Corporation is an independent oil and gas exploration and production company focused on energy resources in sub-Saharan Africa. Its asset portfolio consists of 9 licenses across 4 countries covering an area of 40,000 square kilometers (10 million acres), including current production and other exploration projects offshore Nigeria, as well as exploration licenses offshore Ghana, Kenya and Gambia, and onshore Kenya. Erin Energy is headquartered in Houston, Texas, and is listed on the New York and Johannesburg Stock Exchanges under the ticker symbol ERN.

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