When Isabel Dos Santos was officially appointed as CEO of Sonangol by her father, Angolan president Jose Eduardo dos Santos, on June 3rd the president took the opportunity to shake up the company; eight of the 11 directors were shown the door.
Among the three who were spared, Paulino Fernando de Carvalho Jeronimo, was promoted to the post of executive director; he had recently taken part in a working group revising Angola’s oil legislation.
To run everyday business, Isabel dos Santos found seats on the board for industry experts, particularly Eunice Paula Figueiredo de Carvalho, who had previously worked for Chevron in Brazil. Also named on the board was a former Total E&P Angola veteran, Jorge de Abreu, along with Sarju Raikundalia, a partner in the local branch of PwC and who covered the Angolan oil sector for the auditing group.
Rewritten in part from original source: Africa Energy Intelligence (Publication)