Shareholders of oil marketing giant GOIL have approved the nomination of four new members at a virtual Extraordinary General Meeting (EGM) held in Accra.
The new Board members – Reginald Daniel Laryea, Mr. John Boadu and Angela Forson, all government representatives, and Mr. Edwin Provencal, BOST representative, were ratified to replace four retiring Directors.
The new Board Chairman is Reginald Daniel Laryea, who replaces Mr. Kwamena Bartels.
Speaking after the meeting, new Board chairman Reginald Laryea – who is an Advertising and Marketing expert – noted that the new board will focus on improving value for shareholder’s investments and pursuing higher profitability for the company while cutting down waste.
He paid tribute to outgoing members of the Board, headed by Mr. Bartels, promising that the new team will build on the hard work and success of the old Board. GOIL, he said, will leverage on its strong brand and resilience to bring in more premium products that will attract new consumers.
The Group CEO and Managing Director of GOIL, Kwame Osei-Prempeh, noted that the new members are bringing rich and diverse expertise, and he is hopeful the company will forge ahead further to achieve more growth and profitability.