Heritage Petroleum

State-owned Heritage Petroleum is looking for a new Chief Executive Officer to replace Arlene Chow who is retiring.

In a newspaper advertisement the company said the incumbent will report to the Chairman of the Board of Directors and provide a vision and strategic leadership for the organisation’s success.

In September 2019, Chow was appointed as the company’s interim CEO after American Mike Wylie returned to the US for cancer treatment.

Wylie was initially appointed in 2018 following former State oil company Petrotrin’s restructuring into distinct upstream and downstream operations.

Wiley was then retained by Heritage after a lengthy search by international recruitment company, Egon Zehnder International, between June 28, 2018 and August 21, 2018.

However, Wylie was fired by the Keith Rowley administration after a protracted sick leave kept him away from the job for over two months.

Chow, who was then appointed temporarily to replace Wylie, was the Chief Operating Officer of Atlantic LNG up to her retirement in December 2018.

According to the advertisement the successful CEO will drive growth and efficiency across the company’s operations, work closely with all stakeholders to develop and implement the company’s business objectives, maximise shareholder value, and operate a high performing, business oriented, and customer driven organisation whilst assuring the organisation’s sustainability through complying with State regulatory standards and deploying an environmental, social, and governance (ESG) agenda.

Candidates it said, must also have a demonstrable track record in a senior leadership position in a complex, integrated energy company, preferably in the oil and gas sector.

He/she must have a strong commercial orientation, and proven skills in interacting with the Board of Directors to execute and fulfil governance functions, driving major transformations, leading a high-performance culture, and managing relationships with key stakeholders including Joint Venture partners, Ministry of Energy, other State Agencies, and Oil and Gas companies.

The advertisement said the preferred candidate should have expert knowledge and understanding of the local and international petroleum industry, and must be familiar with the gas and oil business and economics in a global context.

Applicants should hold a Masters or Graduate degree in Engineering, Geosciences, Oil and Gas Management, Finance, or other relevant degree.

A Masters of Business Administration Heritage said would be an asset.

The incumbent should have at least 20 years’ experience in general management with at least 10 years at the executive level in the oil and gas industry.

Heritage is the country’s largest oil producer and has both onshore and offshore operations. It is also involved in several joint venture and farm outs.