BUSINESS
Seplat Energy Names Tony Elumelu Non-Executive Director as Olivier Cleret Bows Out
Seplat Energy has announced the appointment of Tony Elumelu as a Non-Executive Director, effective January 22, 2026, following the resignation of Olivier Cleret De Langavant.
Langavant stepped down as a Non-Executive Director after serving on the board since January 2020, providing strategic technical guidance and insights that significantly supported the company’s progress ¹.
The board’s decision to appoint Elumelu follows Seplat Energy’s recent announcement on the sale of Etablissements Maurel et Prom SA’s 20.07% shareholding in the company to a consortium comprising Heirs Holdings Limited and Heirs Energies Limited, where Elumelu serves as Chairman.
This acquisition makes Heirs Energies the largest shareholder in Seplat Energy, with a 20.07% stake valued at approximately $496 million.
Elumelu, a distinguished African investor and philanthropist, brings broad experience and visionary leadership to Seplat Energy’s board. He is the Founder and Chairman of Heirs Holdings, a diversified investment company with interests across strategic sectors of the African economy, including energy, power, banking, insurance, technology, real estate, hospitality, and healthcare.
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