Oritsegbubemi Omatseyin
Lagos — Savannah Energy PLC, the British independent energy company focused on the delivery of Projects that Matter, has appointed Joseph Pagop Noupoué as a Non-Executive Director and Chair Designate, with immediate effect.
As previously announced on 7 June 2022, Steve Jenkins plans to step down from his role as the Company’s Non-Executive Chair at the close of the 2023 Annual General Meeting, having completed over eight years in the role but will continue to serve as a Non-Executive Director of the Company.
Joseph Pagop Noupoué is currently a senior partner at EY, A leading global professional services firm, whose work is focused on corporate (including contract, M&A, and dispute resolution) and fiscal law matters, as well as major client relationship management in the French-speaking and North African regions. He was formerly head of the Africa Department of EY Société d’Avocats France and is presently EY Managing Partner for Cameroon and Tax Leader for French-speaking Africa leading more than 400 professional service providers located in nine countries.
Joseph’s private sector experience has spanned advisory work in over 20 African countries, for a client list that includes the energy ( BP, Shell, Eni, TotalEnergies, ExxonMobil, and Petronas) and mining (Rio Tinto, Kinross, Mittal, and BHP) majors, as well as leading FTSE100, CAC40 and Fortune 500 energy and mining service companies and major private equity houses. His public sector practice has included work for many African countries (including around the drafting of those countries’ relevant energy and mining codes) and developmental finance institutions such as the World Bank Group.
Joseph is an Attorney at Law. He holds the French Bar Association Diploma (CAPA) and a Post Graduate Diploma in Banking and Finance (DESS) from the University of Lyon, France. Formerly registered with the French Bar (Hauts de Seine), he is registered with the Cameroon Bar. He also holds a Post Graduate Diploma in Banking and Finance (DESS) from the University of Lyon, France.
Following his appointment as a Non-Executive Director and Chair Designate, Mr. Joseph Pagop Noupoué has subscribed for 6,095,726 new ordinary shares in the capital of the Company (“Ordinary Shares”) at a subscription price of 26.25 pence per share, equating to a total investment of approximately US$2 million. Mr. Pagop Noupoué’s interest in the Company is 6,095,726 Ordinary Shares, representing approximately 0.46% of the total voting rights of the Company.
Commenting on the appointment, Steve Jenkins, outgoing Non-Executive Chair of Savannah, said “I am delighted that Joseph has been appointed as a Non-Executive Director and Chair Designate of Savannah. I believe his leadership skills, deep knowledge of the African business environment, and extensive business, financial and legal expertise will serve Savannah well and will complement the skills of the existing Board and senior management team. It has been a privilege to be the Chair of Savannah for over the past eight years and I look forward to contributing to the continuing success of the business as a Non-Executive Director.”
Joseph Pagop Noupoué commented “I am pleased to be joining Savannah at this key point in its growth and look forward to applying my experience to the role. I would like to thank the outgoing Chair, Steve Jenkins, for his tenure in guiding this company since 2014, and look forward to working with him, the rest of the Board, and the executive management team toward our many and wide-ranging goals. It is very clear to me that Savannah is ambitious but fuelled by a passion to do good in the world. The benefits Savannah has brought to African communities in Nigeria and Niger and plans for Cameroon and South Sudan are impressive and evident.”
Andrew Knott, CEO of Savannah Energy, said “I am delighted that Joseph has agreed to join Savannah as a Non-Executive Director and Chair Designate. Joseph has considerable experience in Africa and his background in advisory services to the African energy sector places him in an excellent position to steward Savannah to further growth through strong leadership and the promotion of good governance. I look forward to working with Joseph and would also like to take this opportunity to thank Steve Jenkins for his strong leadership of the Board from Savannah’s initial listing to the current day and am grateful that his experience will be retained in his continuing role as a Non-Executive Director.”
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