A Review of the Nigerian Energy Industry

Klappa resigns as Addax Petroleum Managing Director

…Chen takes over

A sign is pictured outside the headquarters of Addax Petroleum in Geneva, Switzerland. REUTERS/Denis Balibouse/File Photo

OpeOluwani Akintayo

14 June 2018, Sweetcrude, Lagos – Chinese-owned oil firm, Addax Petroleum Development Nigeria Ltd, on Wednesday, announced the resignation of its Senior Vice President/ Managing Director, Mr. Colin Klappa from the company.

Mrs. Dorothy Atake, General Manager, External and Government Affairs disclosed this in a statement made available to newsmen in Lagos.

According to her, Yonghong Chen would succeed Klappa who will leave the company on September 30 “to pursue other interests”.

Chen, who is the current Deputy Managing Director, Operations, would take over as the acting managing director with effect from Monday, June 18.

Klappa was a Senior Vice President in the Addax system worldwide and was a former Managing Director of Addax Cameroon.

He was transferred to Nigeria in January following widely reported talks of an impending sale of Addax Petroleum assets in the country.

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