Afentra announces board changes, new chairman appointed

LONDON - Afentra PLC (AIM:AET), an upstream oil and gas company with a focus on Africa, has announced the upcoming retirement of its Non-Executive Chairman, Jeffrey MacDonald, and the appointment of Thierry Tanoh as his successor following the company’s Annual General Meeting (AGM) on June 4, 2025. MacDonald’s decision to step down marks the end of his tenure, during which he oversaw Afentra’s establishment and growth into an independent oil and gas entity with a presence in Angola and Somaliland.

Tanoh, who currently serves as an Independent (LON:IOG) Non-Executive Director and Chair of the Audit Committee, will take over as Chairman while continuing to lead the Audit Committee until a new appointment is made. With over three decades of experience in finance, energy, and public service—particularly in African and emerging markets—Tanoh’s past roles include CEO of Ecobank Group and Minister of Petroleum, Energy, and Renewable Energy in Côte d’Ivoire. He also held senior positions at the International Finance Corporation (IFC), contributing to his extensive leadership background.

During MacDonald’s chairmanship, Afentra made strategic acquisitions, particularly in Angola, laying the groundwork for long-term value creation. The company credits him with guiding it to a stable operational and financial position, ready for continued growth under its disciplined strategy. In his parting statement, MacDonald expressed confidence in Afentra’s future and Tanoh’s leadership.

Tanoh, in turn, acknowledged the company’s progress under MacDonald and expressed his commitment to advancing Afentra’s impact on the African energy sector. Afentra’s portfolio includes interests in several oil and gas blocks in Angola and Somaliland, positioning it to support Africa’s responsible energy transition.

The announcement of these board changes, which contains inside information as per UK Market Abuse Regulation (UK MAR), is expected to be of interest to investors and stakeholders, reflecting a strategic leadership transition as Afentra continues to navigate the African upstream oil and gas landscape.

This news is based on a press release statement issued by Afentra PLC.

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