The National Petroleum Corporation of Namibia (NAMCOR) Board of Directors has announced that its negotiations with Lionel Matthews for his possible recruitment as interim Acting Managing Director were unsuccessful.
The Executive Business Strategy Shiwana Ndeunyema will continue to serve as Acting Managing Director until further notice.
“The Board will keep all stakeholders informed should any updates occur,” a statement issued by the Public Enterprise said.
The National Petroleum Corporation of Namibia – NAMCOR, is the legally enacted entity under the Namibian Companies Act 28 of 2004 with the Government of the Republic of Namibia as its primary stakeholder. Acting under the Petroleum (Exploration and Production) Act of 1991, NAMCOR has a mandate to carry our reconnaissance, exploration, and production operations.