Shareholders of GOIL PLC have approved the appointment of a new Board of Directors at an Extraordinary General Meeting (EGM) held in Accra.
The newly constituted nine-member board will steer the company toward growth and enhanced profitability under the leadership of Nana Philip Archer.
Nana Philip Archer, an experienced executive with over 20 years in multinational leadership roles, assumes the role of Board Chairman.
The board also includes Mr. Edward Abambire Bawa (Group CEO and Managing Director), Dr. Thomas Kofi Manu, Dr. Evelyn Lamisi Asuah, Mr. Sylvester Kotey, Mr. Afetsi Awoonor, Mr. Augustine Angaa Dayuo, Hon. Dr. Kwamena Minta Nyarku, and Professor Peace Mamle Yoko Tetteh.
Speaking after the endorsement, Nana Philip Archer expressed confidence in the board’s ability to drive GOIL’s expansion and maximize shareholder returns.
He assured shareholders that the company would focus on new projects and strategic investments to ensure sustained profitability.
GOIL’s Group CEO and Managing Director, Mr. Edward Abambire Bawa, emphasized the management team’s commitment to improving shareholder value and increasing dividend payments.
He stated that GOIL would refine its strategies and build on past successes to solidify its position in the energy sector.
The EGM saw both in-person and virtual participation from shareholders, who unanimously approved the new board.
Following the endorsement, the outgoing board officially handed over responsibilities to the new leadership.
With this transition, GOIL’s new board is set to navigate the company into its next phase of growth, innovation, and industry leadership.