Interoil Corporation yesterday announced that its board of directors has approved the addition of two members, The National reports.
Sir Rabbie Namaliu and Samuel Delcamp, former executive director and chief investment officer of the Fuller Foundation, have both joined the board.
In keeping with good corporate governance practices, the board also decided to separate the roles of chairman and chief executive officer.
Dr Gaylen Byker was appointed chairman of the board.
Phil Mulacek will continue as chief executive.
In addition to serving as PNG prime minister from 1988 to 1992, Sir Rabbie served as Speaker of the National Parliament between 1994 and 1997.
Prior to this, Sir Rabbie was minister for foreign affairs and Trade from 1982 until 1984 and has held several other senior government posts since his first election to parliament in 1982.
Sir Rabbie has chaired InterOil’s PNG advisory committee since last August.
Delcamp has more than 40 years of investment experience.
He served as executive director and chief investment officer of The Fuller Foundation, a public charity, for 24 years.
Delcamp was instrumental in founding the organisation and overseeing the growth in its assets under management from US$4 million to more than US$600 million.
Byker has additionally served as director and president of MBM Partners Inc, an unregistered investment adviser.
During his tenure as a director since 1997, Byker held roles as lead independent director and chair of the board’s compensation, among others. Nominating and governance committees and membership of its audit and reserves committees
Sir Rabbie Namaliu and Samuel Delcamp, former executive director and chief investment officer of the Fuller Foundation, have both joined the board.
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| Sir Rabbie Namaliu |
Dr Gaylen Byker was appointed chairman of the board.
Phil Mulacek will continue as chief executive.
In addition to serving as PNG prime minister from 1988 to 1992, Sir Rabbie served as Speaker of the National Parliament between 1994 and 1997.
Prior to this, Sir Rabbie was minister for foreign affairs and Trade from 1982 until 1984 and has held several other senior government posts since his first election to parliament in 1982.
Sir Rabbie has chaired InterOil’s PNG advisory committee since last August.
Delcamp has more than 40 years of investment experience.
He served as executive director and chief investment officer of The Fuller Foundation, a public charity, for 24 years.
Delcamp was instrumental in founding the organisation and overseeing the growth in its assets under management from US$4 million to more than US$600 million.
Byker has additionally served as director and president of MBM Partners Inc, an unregistered investment adviser.
During his tenure as a director since 1997, Byker held roles as lead independent director and chair of the board’s compensation, among others. Nominating and governance committees and membership of its audit and reserves committees