The appointment brings together leading industry figures,
with considerable global and regional experience.
Heirs Holdings Limited’s (HH) portfolio company (HHOG)
completed the acquisition of OML17 in January 2021, in one of the largest oil
and gas financings in Africa in more than a decade, with a financing component
of US$1.1 billion.
The transaction represents a further implementation of the
HH Group strategy of creating the leading integrated energy business in Africa.
Through a series of strategic portfolio holdings, HH is executing this
strategy. Most recently, affiliate company, Transcorp made a US$300 million
acquisition of Afam Power, increasing the Group’s installed electricity
generating capacity to 2,000MW.
Igiehon is joining from the Royal Dutch Shell (Shell) where
he was previously a vice-president with the Group in The Hague, Netherlands.
He brings over 27 years of experience and expertise in the
oil and gas sector with Shell where he held a series of senior management
positions.
Mr. Igiehon previously served as Chairman and Chief
Executive Officer of Shell Gabon, where he led the successful turnaround of the
operational, safety and financial performance.
HHOG also announced the appointment of the following private
sector and senior industry leaders to the Board: Tony O. Elumelu, chairman of
Heirs Holdings, the United Bank for Africa (UBA), Transnational Corporation of
Nigeria (Transcorp), and Founder of the Tony Elumelu Foundation; Sally Udoma;
Anil Dua; Ahmadu Kida; Stanley Lawson and Samuel Nwanze
Chairman of the Board, Tony Elumelu, said, “I am delighted
to welcome our new board members. We are building a role model institution for
African businesses and our investment in human capital is a further strong
demonstration of our intent. The regional and global expertise of our board
members will serve to further drive value creation to our continent, as we
execute our goal of becoming Africa’s largest, indigenous, integrated, energy
company.”