Billy Allan takes chair at oil group Bowleven
Bowleven, the Africa focused oil and gas exploration group has appointed former Asco chairman and chief executive Billy Allan as non-executive director and chairman designate with effect from today.
He will also join the audit, nomination and remuneration committees of the AIM-quoted company.
Mr Allan will succeed Ronnie Hanna in the chair in December.
He has more than 20 years’ experience in senior positions within both the industrial and oil services sectors. Prior to joining Asco he was divisional managing director at Alfred McAlpine.
He is expected to take over from Mr Hanna after the AGM on 16 December.
Caroline Cook will also step down from the board having served as non-executive director and chairman of the audit committee since 2006. It is intended that John Martin, who was appointed non-executive director with effect from 5 May, will take over from Ms Cook as chairman of the audit committee.
Mr Hanna, who has been chairman since 2006, said: “I am delighted that Billy Allan should succeed me as chairman. His experience in leading international businesses will be invaluable as Bowleven progresses into the next stage of its development.”
Mr Allan said: “I am excited by the growth opportunities available to Bowleven and I look forward to working with Kevin Hart [chief executive] and the entire board on the next stage of the group’s development.”