Tullow Oil PLC has appointed Phuthuma Nhleko as an independent non-executive director and chairman-designate of the company. Nhleko will join the board as a director Oct. 25 and will take over as chairman from Dorothy Thompson following a handover period. Thompson is expected to retire from the board by yearend.
Currently, Phuthuma is chairman of Phembani Group, an investment group he founded in 1994, and is chairman-designate of the Johannesburg Stock Exchange Ltd. Phuthuma is also a non-executive director of Engen Petroleum and a non-executive director of IHS Towers.