Bowleven adds another director, names acting CEO

Following a recent boardroom shuffle, the UK-based oil and gas company Bowleven has appointed Joseph Darby as a non-executive director and Eli Chahin as acting CEO.  

According to the company’s statement on Monday, both Darby and Chahin were appointed with immediate effect.

Bowleven noted that Darby has more than 40 years’ experience in the upstream oil & gas industry. He is currently the Senior Independent Non-Executive Director at both Premier Oil and Gulfsands Petroleum, having previously held the role of Chairman at Faroe Petroleum and Mowlem.

He acted as Chief Executive Officer of Lasmo plc prior to its acquisition by Eni and is a former non-executive director of Alkane Energy Limited, Centurion Energy, Inc and British Nuclear Fuels Limited.

Chahin was appointed to the board of the company following the general meeting on March 14, 2017, when most of the company’s board was ousted by the Monaco-based activist shareholder, Crown Ocean Capital (COC).

The shareholders in March voted to remove the then CEO Kevin Hart, as well as Kerry Crawford, John Martin, Tim Sullivan and Philip Tracy from the board. The one member of the board that survived the vote was the chairman Billy Allan, however, Allan resigned at the end of March amidst shareholder pressure.

While Hart was removed from the board, he still remained the company’s CEO. However, his CEO contract was terminated at the end of March and he will be now replaced by Eli Chahin.

Bowleven is currently conducting a strategic review, which might include the sale of its assets or the sale of the entire company. The company owns interest in two Cameroon permits; the onshore Bomono permit, for which it recently entered into a farm-out agreement with Victoria Oil & Gas, and the offshore Etinde permit.

Offshore Energy Today Staff

Share this article

Follow Offshore Energy Today

Posted on April 3, 2017 with tags .

Events>

<< Dec 2019 >>
MTWTFSS
25 26 27 28 29 30 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

Africa Oil Week 2020

For over 25 years Africa Oil Week has been the meeting place for Africa’s most senior E&P stakeholders.

read more >

CERAWeek 2020

 Each year, CERA clients gathered for a few days in Houston…

read more >

Offshore Technology Conference (OTC) 2020

The Offshore Technology Conference (OTC) showcases leading-edge technology for offshore drilling, exploration…

read more >

2020 EXPLORATION AND PRODUCTION STANDARDS CONFERENCE ON OILFIELD EQUIPMENT AND MATERIALS

The development of consensus standards is one of API’s oldest and most successful programs.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply