Santos has released a statement claiming that Guan Yu will be appointed to the Santos Board as the ENN nominated non-executive director effective 3 May 2019.
Guan is President and a director of ENN Ecological Holdings Co Ltd. Before he joined ENN, Guan held a number of different senior executive roles with Shell China and Schneider Electric. He also holds an EMBA from China Europe International Business School.
Guan replaces Yujiang (Eugene) Shi as the ENN nominated director, who resigned from the Santos Board at the conclusion of the 2019 Annual General Meeting held in Adelaide today.
Under the terms of the strategic relationship agreement signed with ENN in 2017, ENN has the right to nominate one individual as a director of Santos, provided that it has an aggregate relevant interest of 15% or more in Santos.