TransGlobe Energy has announced the new changes in its Board of Directors. The company said that Steven Sinclair decided to retire from the Board to be effective on March 25, 2022.
Sinclair joined TransGlobe in March 2017. He was an independent director of TransGlobe. Over his working period, he chaired the Audit Committee and member of the Compensation, Human Resources, and Governance Committee.
This announcement came as part of the Board succession plan following Jennifer Kaufield’s joining the Board in January. She will take over the role of Audit Committee Chair and the Audit Committee will consist of Jennifer Kaufield, Edward LaFehr, and Ross Clarkson.
Commenting on that, Randy Neely, President and CEO, “Steve has provided valuable counsel to the management and Board at TransGlobe during his years of service. We all benefited from his insight and financial expertise freely shared throughout his time on TransGlobe’s Board. The directors, management and staff of TransGlobe thank Steve for his dedication and guidance, and wish him all the best in his retirement.”