Business
Board and Executive Management Changes
Seplat Energy PLC announced significant leadership changes, with CEO Roger Brown retiring on July 31, 2026, after a 13-year tenure marked by strategic expansion including the MPNU acquisition. Engr. Effiong Okon will succeed him as CEO from August 1, 2026, bringing over 35 years of industry experience and a track record of operational excellence, including leading the ANOH Gas Processing Company to achieve first gas in January 2026. Chairman Senator Udoma Udo Udoma will retire on December 31, 2026, and the Board has elected Mr. Tony O. Elumelu, who holds a 20.07% shareholding through Heirs Holdings, as the next Chairman effective January 1, 2027. These changes are intended to support the company's growth and its 2030 strategic plan. Disclaimer*
About this update from Seplat Energy Plc
This Announcement Contains Inside Information Seplat Energy Plc ("Seplat Energy" or the "Company") Board and Executive Management Changes Lagos and London - 9 June 2026: The Board of Seplat Energy PLC ('Seplat Energy' or the 'Company') today announces Board and executive management changes that will further support the Company's growth, whilst emphasising continuity in strategy and governance. Chief Executive Officer succession: After successfully leading the Company during a period of significant strategic expansion and transformation, including the acquisition of Mobil Producing Nigeria Unlimited ('MPNU'), Mr. Roger Brown will retire as Chief Executive Officer and as a Board Director on 31 July 2026. During Mr. Brown's 13-year tenure, initially as the Company's CFO through its landmark dual listing in 2014 and for the past 6 years as CEO, Seplat Energy has grown significantly through a combination of financial discipline, asset development and successful acquisitions, including Eland Oil and Gas in 2019 and the transformational acquisition of MPNU in 2024. Under Mr. Brown's leadership, Seplat Energy has established itself as one of Africa's leading independent energy companies, with a strong pipeline of organic growth projects. The Board is pleased to announce the appointment of Engr. Effiong Okon as Chief Executive Officer and Executive Director commencing 1 August 2026. An accomplished leader with over 35 years of global industry expertise, he brings a formidable track record of operational excellence and strategic execution. He is deeply familiar with the organization having been with the Company since 2018, initially serving on Seplat Energy's Board as Operations Director for four years, then as our New Energy Director and most recently as Managing Director of ANOH Gas Processing Company ('AGPC'), where he successfully drove the project's execution to achieve first gas in January 2026. Prior to joining Seplat Energy, Engr. Effiong cultivated a globally diverse operations portfolio during a distinguished career at Royal Dutch Shell spanning Africa, the USA, Europe, and the Middle East (full CV below). Chairman succession plan: The Board also announces that the Chairman, Senator Udoma Udo Udoma, CON, has given notice of his intention to retire at the end of the year on 31 December 2...