Rendeavour has announced the appointment of David Kippen as Chairman of the Board, joining Lord Ashcroft KCMG PC, who continues in his role as Deputy Chairman. In addition, Graeme Wheeler and Darrell M. Blocker have joined the Board as Independent Directors.
As part of regular board rotation, Frank Mosier, Rendeavour’s Founding Chairman, retired as chair, having served in that position for more than eight years. He remains a board director and one of the largest shareholders.
Rendeavour is the owner and developer of Tatu City, Kenya’s first operational Special Economic Zone (SEZ); Alaro City, a partnership with the Lagos State Government in Nigeria’s Lekki Free Zone; Jigna, in Nigeria’s capital, Abuja; and Kiswishi SEZ, the first private SEZ in DRC. In Ghana, Rendeavour is building Appolonia City and King City.
“We are pleased to strengthen our board with versatile emerging markets experts with experience in global finance, economic development and security,” said Stephen Jennings, Founder and CEO of Rendeavour. “In David, we have a long-serving director; in Graeme, we have a globally renowned economist, central banker and policy maker; and in Darrell, we have one of the most respected intelligence officers to have served in Africa.”
On the Rendeavour board, Mr. Kippen represents Torstein Hagen, the founder, chairman and CEO of Viking Cruises and a long-time Norwegian investor in Rendeavour.
Rendeavour’s other board members are Yomi Ademola, Simon Edwards and Robert Reid.
“On behalf of the board, I would like to thank Frank Mosier for his eight years as chairman and his ongoing support for Rendeavour as the company’s principal American shareholder,” Mr. Jennings said.
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