You are here: HomeNews2020 01 29Article 340144

Business News of Wednesday, 29 January 2020

Source: www.mynigeria.com

Langavant replaces Hochard as Seplat's Non- Executive Director

Seplat board at a meeting Seplat board at a meeting

Olivier de Langavant has replaced Michel Hochard as a Non-Executive Director of Seplat Petroleum Development Company Plc.

This is coming after the retirement of Michel Hochard as a Non-Executive Director of the Company.

Hochard, who was nominated by Maurel & Prom (M&P) to the position of a Non-Executive Director on Seplat's board, previously served as the Chief Executive officer of M&P for the past 11 years before his retirement.

According to the notice filed by the Oil and Gas firm to the Nigerian Stock Exchange, Olivier de Langavant's appointment is effective January 28, 2020. Mr. Langavant is also expected to replace Mr. Hochard as a nominee of M&P on the Board of the Company.

The Board of Directors wished Langavant well and looked forward to his immense contributions to the firm.

Mr. Langavant who is presently the Chief Executive Officer of M&P holds an Engineering degree from the National School of Mines of Paris. He has served in various capacities within the Total Group which includes: Senior Vice President, Operations in the Netherlands; Deputy Managing Director, Total E&P Angola; Managing Director, Total E&P Myanmar; Managing Director, Total E&P Angola; Senior Vice President, Finance, Economics & Information Systems of Total's (E&P) branch; and Senior Vice President E&P Strategy, Business Development and R&D.

Maurel et Prom (“MPI”) is a French firm that acquired a 45% shareholding in Seplat and was followed by other pre-IPO investors. In July 2010, the Company acquired a 45% working interest in, and was appointed operator of, a portfolio of three onshore producing oil and gas leases: OMLs 4, 38 and 41.