BOWLEVEN, the Africa-focused oil and gas company, has named oilfield logistics veteran Billy Allan as a non-executive director and chairman designate.
Mr Allan, a director Partick Thistle Football Club, is a former chairman and chief executive of Aberdeen-based ASCO, the oil support services group.
He stepped down as ASCO chairman in a surprise move in December, which also saw the departure of chief executive Derek Smith.
Mr Allan is expected to succeed Ronnie Hanna as chairman of the Africa-focused Bowleven following its annual general meeting on December 16.
Mr Hanna will retire from the board following the AGM, having served as non-executive chairman of the Edinburgh-based company since 2006.
Mr Allan, a former divisional managing director at Alfred McAlpine, will also join the audit, nomination and remuneration committees at Bowleven.
Bowleven also announced that Caroline Cook will step down from the board after serving as non-executive director and chairman of the audit committee since 2006. John Martin, who joined as a non-executive director in May, is expected to succeed Ms Cook as chairman of the audit committee.
He said: “I am excited by the growth opportunities available to Bowleven and I look forward to working with Kevin Hart and the entire board on the next stage of the group’s development.”
Mr Hanna said: “I am delighted that Billy Allan should succeed me as chairman. His experience leading international businesses will be invaluable as Bowleven progresses into the next stage of its development.”
Mr Allan, who served as ASCO chief executive for eight years, was credited with transforming the company’s fortunes in the period since joining in 2006.
He notified his intention to step down from the ASCO board as it announced the departure of Mr Smith, who joined in 2007 and was said by the company to have been “closely involved” in the “substantial growth” it had seen in recent years.
ASCO, which has around 2000 staff in 35 locations across the world, replaced Mr Smith with former Rentokil Initial chief executive Alan Brown.
Shares in Bowleven were unchanged at 25.75p.
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