Page 17 - LatAmOil Week 23 2021

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has also worked extensively in a variety of roles reconciliation in Colombia. And in 2020, she
with petrochemical companies in the Pt. Lisas was the only woman to rank in the top 10 on the
Industrial Estate, including at NGC, another Corporate Reputation Business Monitor’s list
of Atlantic’s shareholder companies. At NGC, of Colombian leaders with the best reputation.
Adams served as Vice President Operations. Escovar’s other Board memberships include
Atlantic LNG, June 01 2021 Grupo Bancolombia, Empresa de Telecomu-
nicaciones de Bogotá, Compañía de Medicina
GeoPark appoints Prepagada Colsanitas and Organización
Corona.
independent chair and Board Chair of this entrepreneurial and well-re-
Escovar said: “It is an honor to take over as
nominates new independent spected company. GeoPark’s talented team and
strong culture provide a powerful foundation
The FPSO will be the first application of director to board for continued growth. I look forward to lead-
MODEC’s “M350 Hull,” a next-generation new- ing GeoPark’s diverse and collaborative board
build hull for FPSOs, full double-hull design, GeoPark, a leading independent Latin Ameri- and contributing to this great company going
which has been developed to accommodate can oil and gas explorer, operator and consoli- forward.”
larger topside and larger storage capacity than dator with operations and growth platforms in GeoPark also announces that its Board has
conventional VLCC tankers, with a longer Colombia, Ecuador, Chile, Brazil and Argen- nominated Maria Fernanda Suarez for election
design service life. tina, today announced the appointment of an as a new independent director at its Annual
The FPSO will be 17th FPSO/FSO vessel independent chair and the nomination of a new Meeting. Suarez, 46, has a highly distinguished
delivered by MODEC in Brazil, 9th FPSO in the independent member of the Board for election career in both the public and private sectors,
pre-salt region, as well as MODEC’s first with at the upcoming Annual General Meeting, to including serving as Minister of Energy and
Equinor. be held on July 15, 2021. These changes further Mines of Colombia and as Vice President of
MODEC, June 03 2021 strengthen the Company’s governance profile Strategy and Finance (CFO) of Colombia’s
and create a majority independent and more national oil company Ecopetrol.
diverse Board of Directors. As Colombia’s Minister of Energy, a cabinet
MOVES Sylvia Escovar Gomez, independent director, level position, she led efforts to bring safe and
has been appointed by the Board and succeeds affordable energy to wide sectors of the Colom-
New CEO set to take Gerald O’Shaughnessy, 72, as the new Chair of bian population by increasing hydrocarbons
the Board.
production and promoting the development of
charge at Atlantic LNG August 2020 and is currently a member of the leadership, Colombia’s wind and solar installed
Escovar, 60, has served on the Board since non-conventional renewable sources. Under her
as of August 1 Board’s Audit Committee and Nomination and capacity increased to 12% of the energy mix
Corporate Governance Committee. She has sig-
from 0.1%. Previously, she also served as Direc-
LNG producer Atlantic LNG will transition to a nificant government, multilateral organisation tor of Public Credit and the National Treasury in
new CEO, effective August 1. Incumbent CEO and private sector experience. From 2012 to Jan- the Colombian Finance Ministry.
Philip Mshelbila will return to his parent com- uary 2021, she was the CEO of Terpel, a fuel dis- In more than 15 years in the private sector,
pany, Shell, after a successful three-year term at tribution company with operations in Colombia, Suarez also served as the Vice President of Por-
Atlantic. Over the next two months, Dr. Mshel- Ecuador, Panama, Peru and the Dominican venir, a leading Colombian pension fund, and
bila will oversee the transition to incoming CEO, Republic. Escovar transformed and improved Vice President at Citibank, ABN AMRO and
Ronald Adams. Terpel’s business model, expanding the range Bank of America. Suarez currently serves on
During his tenure, Mshelbila championed and quality of its services and enhancing its the Advisory Board of the Nature Conservancy
the development of Atlantic’s World-Class Strat- performance in the long-term. Under Esco- Colombia, and the boards of CorfiColombiana
egy, and its key strategic tenets of continuous var’s leadership, Terpel delivered its best finan- and Organización Corona Suarez has also been
improvement, digital strategy and cultural trans- cial results in its over 50-year history, became a member of the board of directors of several
formation. With his signature calm demeanour, Colombia’s second largest company with annual companies in the energy sector, including Cenit,
Mshelbila smoothly navigated the company revenues over $4.0bn and consistently achieved Ocensa, ISA, ISAGEN and Reficar.
through turbulent times, including challenges high rankings in the RobecoSAM Sustainability Suarez said: “I look forward to joining
with gas supply and the ongoing COVID-19 Yearbook. GeoPark’s Board and to work alongside its other
pandemic. Over her career, Escovar has worked for the directors to further develop the Company’s
Incoming CEO Ronald Adams is a senior World Bank, the Central Bank of Colombia enormous success across Latin America. Having
energy sector executive with nearly 30 years of and the Colombian National Department of spent my career working in Colombia in both
experience across the Upstream, Midstream Planning. She has served as Deputy Secretary public and private sector energy roles, I believe
and Downstream sectors of the energy industry. of Education and Deputy Secretary of Finance that GeoPark is a company with great growth
Adams has held leadership positions in General for the Bogota municipal government, as well opportunities in the future.”
Management, Operations, Engineering and as Vice President of Finance for Fiduciaria Ban- With the naming of Escovar as Chair and the
Business Development in organisations in Trin- colombia. In 2014, Escovar was named the top nomination of Suarez, the Board is directed by
idad and North America. businessperson of the year by Portafolio, Colom- an independent director and will have a majority
Adams has been with Shell Trinidad and bia’s leading financial daily. In 2018, she received of independent directors, in line with corporate
Tobago Ltd since 2019, where most recently he the National Order of Merit for spearheading governance best practices.
was the General Manager Upstream Assets. He private sector support for peacebuilding and GeoPark, June 08 2021

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