New Britain Palm Oil appoints Ernie Gangloff as independent Non-Executive Director

– UK, Liverpool – New Britain Palm Oil Limited (LSE: NBPO), one of the world’s largest fully integrated producers of sustainable palm oil, is pleased to announce the appointment of Mr Ernie Gangloff as an independent non-executive director of the Company with immediate effect.

Mr Gangloff will also join the Audit and Remuneration Committees upon appointment, and will become chairman of the Audit Committee.

Mr Gangloff commenced his career in 1982 working for various private sector organisations in Papua New Guinea before being employed by the Kramer Group in 1988 where he moved to the position of Finance Director.  As Finance Director he oversaw the financial management of the Kramer Group’s operations in PNG, Vanuatu, Solomon Islands, Tonga and Australia.  Mr Gangloff joined Deloitte in 2002 and initially provided accounting services to private sector clients before transferring to the Risk Management Services Division. He was appointed as a Partner of the firm in 2011 responsible for the Risk Management and Consulting Services Division.  Mr Gangloff commenced private practice as Gangloff Consulting in mid 2013.

Antonio Monteiro de Castro, Chairman, commented: “We are delighted to welcome Ernie to the Board of New Britain Palm Oil Limited. I am confident he will make a significant contribution to the Board and the Audit and Remuneration Committees. His expertise in accounting and finance, together with his three decades of experience in Papua New Guinea, will prove extremely valuable to the Company.”

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