Shareholders of GOIL PLC have approved the appointment of a new Board of Directors at an Extraordinary General Meeting (EGM), held in Accra. 

The new nine-member board is 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 Edward Abambire Bawa, (Group Chief Executive Officer and Managing Director), Dr Thomas Kofi Manu, Dr. Evelyn Lamisi Asuah, Sylvester Kotey, and Afetsi Awoonor. Others are Augustine Angaa Dayuo, Dr. Kwamena Minta Nyarku and Professor Peace Mamle Yoko Tetteh.

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

The Group Chief Executive and Managing Director, Mr. Edward Abambire Bawa, an energy expert and public servant with almost two decades of experience in energy policy, noted that the management team would work towards improving shareholder value and increased dividend payment, which is dear to the heart of every shareholder.

He emphasised that the company would change strategy where needed and improve upon the successes chalked by the previous management.

Shareholders joined the meeting online while a sizeable number of them attended in-person to approve the new board of directors. The old Board of Directors later officially handed over the mantle to the newly constituted board.