Jan 8 (Reuters) - Shareholders in Nigerian oil company
Lekoil LEK.L on Friday approved top investor Metallon's
proposed board appointments at an extraordinary general meeting,
the culmination of a public spat between Lekoil's founder and
the activist shareholder.
Metallon CEO Thomas Richardson, along with two other
appointees, were approved to join the Lekoil board by a large
majority of shareholders voting at the meeting, bringing the
number of board members up to seven.
Lekoil's Chairman Mark Simmonds said he would stand down
with immediate effect, with a new chairman to be appointed by
the enlarged board.
Lekoil had called on shareholders not to approve the board
picks, saying that Metallon was trying to mount a takeover bid.