Puma Energy Zambia Announces Appointment of New CEO

Puma Energy Zambia announced the appointment Sidy Bane as the new CEO of their Zambia operations. They said the following in a press statement:

The Board and Management of Puma Energy Zambia Plc is pleased to announce the appointment of Mr Sidy Bane as the new Chief Executive Officer of Puma Energy Zambia Plc with effect from 1st February 2014.

Mr Bane, is a holder of a Masters Degree in Business Administration and has over 17 years of experience in the oil industry having worked for Exon Mobil for 11 years before he joined the Puma Energy Group.

During his career in the Puma Energy Group, he has held various key senior positions in Congo Brazaville, Angola and in South Africa where he was in charge of the Retail Segment for the Africa Region.

Prior to this appointment, Mr Bane was the Managing Director of Puma Energy Namibia Limited.      

Mr Bane takes over from Mr Fumu Mondoloka who resigned from the Company to pursue other interests.

The Board of Directors, Management and staff would like to congratulate Mr Bane on his new appointment and also thank Mr Fumu Mondoloka for his valuable contribution to the Company during his tenure of office and wish him success in his future endeavors.    

Puma Energy took over the operations of BP Zambia in April 2011. According to their website, the company has 3 terminals with a storage capacity of  9,900m³. Puma Energy also has over 55 retail sites and hires over 200 employees in Zambia. Puma stock price closed at K1.14 yesterday - unchanged from the previous days trading on the Lusaka stock exchange.