Wrap Text
Results of AGM, changes to the board and change in auditor
Erin Energy Corporation
(Formerly CAMAC Energy Inc)
(Incorporated and registered in Delaware, United States of America)
Share code on the NYSE MKT: ERN
Share code on the JSE: ERN
ISIN: US1317452001
(“Erin Energy” or “the Company”)
Erin Energy Announces Results of Annual Meeting of Shareholders
Highlights changes to the board and management
HOUSTON, May 26, 2016 - Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE
MKT:ERN) (JSE:ERN) announced today the results of the Company’s Annual Meeting of
Shareholders held on May 25, 2016 and changes to its board of directors (Board) and
management team.
John Hofmeister named Chairman of the Board;
Segun Omidele named CEO; and
Pannell Kerr Foster of Texas, P.C. appointed as the Company’s auditors for 2016.
Chairman of Erin Energy, John Hofmeister commented: “It is an honor to inherit the determined
leadership of our former Chairman, Kase Lawal. Despite challenging market conditions we will
pursue both near and longer term opportunities to strengthen and grow the Company and to
reward shareholders with sustained value creating initiatives. Our Board, new Chief Executive,
Segun Omidele, other executive leaders, Erin Energy people, plans, and assets are aligned,
organized and focused on the tasks at hand to do just that.”
Mr. Segun Omidele has been with Erin Energy since 2011 and previously served as its COO.
He will now assume the role of CEO and serve as an executive director on the Company’s
Board. Prior to Erin Energy, Mr. Omidele worked for 28 years with Shell in various leadership
roles.
Mr. Michael Stinson and Mr. Omidele were elected to fill vacancies resulting from the retirement
of Dr. Kase Lawal and Ms. Hazel O’Leary. Mr. Stinson gained more than 37 years of multi-
national E&P experience from a career at ConocoPhillips and its predecessor company,
Conoco, Inc. Mr. Stinson’s operational experience is substantial in the fields of exploration and
production, pipelines and storage, natural gas, gas liquids processing and commercial
operations, and marine scheduling. He has extensive capabilities in new business
development, mergers and acquisitions, corporate planning, and corporate communications. He
will serve on the Company’s Board as an independent director.
About Erin Energy
Erin Energy Corporation is an independent oil and gas exploration and production company
focused on energy resources in sub-Saharan Africa. Its asset portfolio consists of 9 licenses
across 4 countries covering an area of 40,000 square kilometers (10 million acres), including
current production and other exploration projects offshore Nigeria, as well as exploration
licenses offshore Ghana, Kenya and Gambia, and onshore Kenya. Erin Energy is
headquartered in Houston, Texas, and is listed on the New York and Johannesburg Stock
Exchanges under the ticker symbol ERN.
Source: Erin Energy Corporation
Contact:
Lionel McBee, +1 713 797 2960
lionel.mcbee@erinenergy.com
Chris du Toit, +27 11 593 7301
chris.dutoit@erinenergy.com
26 May 2016
Johannesburg
Sponsor
Sasfin Capital (a division of Sasfin Bank Limited)
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