Petroleum Africa
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Thursday, November 16, 2017
Joao Lourenco, the recently elected president of Angola, has dismissed Isabel dos Santos as chair of the state oil company Sonangol. Isabel dos Santos is the daughter of the former president, Jose Eduardo dos Santos.
Dos Santos was replaced by Carlos Saturnino, the president’s office said in a statement. Saturnino, an oil veteran who was fired by Isabel dos Santos from Sonangol last year, was most recently named Secretary of State for Oil by President Lourenco.
Dos Santos was not the only one to lose their job at Sonangol, as Lourenco also replaced six other board members, including Sarju Raikundalia, a senior PwC executive who was brought in to clean up Sonangol’s finances, and Eunice Carvalho, who previously worked for Chevron and was leading a restructuring at the company.
He appointed Sebastião Pai Querido Gaspar Martins, Luís Ferreira do Nascimento José Maria, Carlos Eduardo Ferraz de Carvalho Pinto, Rosário Fernando Isaac, Baltazar Agostinho Gonçalves Miguel, Alice Marisa Leão Sopas Pinto da Cruz as executive directors. Lourenco also reappointed José Gime and André Lelo as non-executive directors.
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