GOIL shareholders endorse new board of directors

Shareholders of GOIL PLC at an Extraordinary General Meeting (EGM) have endorsed the appointment of a new nine-member Board of Directors under the chairmanship of Nana Philip Archer, a seasoned executive with over 20 years of experience in leadership roles in multi-national corporations.

Other members of the Board are Mr Edward Abambire Bawa (GOIL Group Chief Executive Officer and Managing Director), Dr Thomas Kofi Manu, Dr. Evelyn Lamisi Asuah, Mr. Sylvester Kotey, and Mr. Afetsi Awoonor.

Others are Mr Augustine Angaa Dayuo, Dr. Kwamena Minta Nyarku and Professor Peace Mamle Yoko Tetteh. Nana Ama Kusi-Appouh will serve as secretary to the board.

Nana Archer, speaking after the endorsement, highlighted the achievement of growth and more profitability for GOIL, adding that the board will strive to achieve greater return on investment in respect of new projects made by the company.

Mr. Bawa, GOIL Group Chief Executive and Managing Director noted that the management team would work towards improving shareholder value and increasing dividend payment, which is dear to the heart of every shareholder.

The new GOIL Group Chief Executive and Managing Director, who is also an energy expert and public servant with almost two decades of experience in energy policy, emphasized that the company would change strategy where needed.

Mr Bawa said the new board and management team at GOIL will work together to improve upon the successes chalked up by the previous management.

The old Board of Directors later officially handed over the mantle to the newly constituted board.

Shareholders joined the meeting online, while a sizeable number of them attended in person to approve the new board of directors.