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Tuesday, June 24, 2025

Heritage looking for a new CEO

by

1099 days ago
20220621
Heritage Petroleum

Heritage Petroleum

RISHI RAGOONATH

State-owned Her­itage Pe­tro­le­um is look­ing for a new Chief Ex­ec­u­tive Of­fi­cer to re­place Ar­lene Chow who is re­tir­ing.

In a news­pa­per ad­ver­tise­ment the com­pa­ny said the in­cum­bent will re­port to the Chair­man of the Board of Di­rec­tors and pro­vide a vi­sion and strate­gic lead­er­ship for the or­gan­i­sa­tion’s suc­cess.

In Sep­tem­ber 2019, Chow was ap­point­ed as the com­pa­ny’s in­ter­im CEO af­ter Amer­i­can Mike Wylie re­turned to the US for can­cer treat­ment.

Wylie was ini­tial­ly ap­point­ed in 2018 fol­low­ing for­mer State oil com­pa­ny Petrotrin’s re­struc­tur­ing in­to dis­tinct up­stream and down­stream op­er­a­tions.

Wi­ley was then re­tained by Her­itage af­ter a lengthy search by in­ter­na­tion­al re­cruit­ment com­pa­ny, Egon Zehn­der In­ter­na­tion­al, be­tween June 28, 2018 and Au­gust 21, 2018.

How­ev­er, Wylie was fired by the Kei­th Row­ley ad­min­is­tra­tion af­ter a pro­tract­ed sick leave kept him away from the job for over two months.

Chow, who was then ap­point­ed tem­porar­i­ly to re­place Wylie, was the Chief Op­er­at­ing Of­fi­cer of At­lantic LNG up to her re­tire­ment in De­cem­ber 2018.

Ac­cord­ing to the ad­ver­tise­ment the suc­cess­ful CEO will dri­ve growth and ef­fi­cien­cy across the com­pa­ny’s op­er­a­tions, work close­ly with all stake­hold­ers to de­vel­op and im­ple­ment the com­pa­ny’s busi­ness ob­jec­tives, max­imise share­hold­er val­ue, and op­er­ate a high per­form­ing, busi­ness ori­ent­ed, and cus­tomer dri­ven or­gan­i­sa­tion whilst as­sur­ing the or­gan­i­sa­tion’s sus­tain­abil­i­ty through com­ply­ing with State reg­u­la­to­ry stan­dards and de­ploy­ing an en­vi­ron­men­tal, so­cial, and gov­er­nance (ESG) agen­da.

Can­di­dates it said, must al­so have a demon­stra­ble track record in a se­nior lead­er­ship po­si­tion in a com­plex, in­te­grat­ed en­er­gy com­pa­ny, prefer­ably in the oil and gas sec­tor.

He/she must have a strong com­mer­cial ori­en­ta­tion, and proven skills in in­ter­act­ing with the Board of Di­rec­tors to ex­e­cute and ful­fil gov­er­nance func­tions, dri­ving ma­jor trans­for­ma­tions, lead­ing a high-per­for­mance cul­ture, and man­ag­ing re­la­tion­ships with key stake­hold­ers in­clud­ing Joint Ven­ture part­ners, Min­istry of En­er­gy, oth­er State Agen­cies, and Oil and Gas com­pa­nies.

The ad­ver­tise­ment said the pre­ferred can­di­date should have ex­pert knowl­edge and un­der­stand­ing of the lo­cal and in­ter­na­tion­al pe­tro­le­um in­dus­try, and must be fa­mil­iar with the gas and oil busi­ness and eco­nom­ics in a glob­al con­text.

Ap­pli­cants should hold a Mas­ters or Grad­u­ate de­gree in En­gi­neer­ing, Geo­sciences, Oil and Gas Man­age­ment, Fi­nance, or oth­er rel­e­vant de­gree.

A Mas­ters of Busi­ness Ad­min­is­tra­tion Her­itage said would be an as­set.

The in­cum­bent should have at least 20 years’ ex­pe­ri­ence in gen­er­al man­age­ment with at least 10 years at the ex­ec­u­tive lev­el in the oil and gas in­dus­try.

Her­itage is the coun­try’s largest oil pro­duc­er and has both on­shore and off­shore op­er­a­tions. It is al­so in­volved in sev­er­al joint ven­ture and farm outs.


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