GLOBELEQ BOARD APPOINTS RICK MENELL AS THE NEW CHAIR

LONDON, 11 AUGUST 2025:  Globeleq Limited announced that Laurence Mulliez, who has served as Chair of the Board since 1 September 2018, has decided to step down from her position to focus on her other professional commitments.  Rick Menell has been appointed as the new Chair of the Board, effective 11 August, 2025.

Rick brings a wealth of experience spanning investment banking, and executive leadership across the global mining and finance sectors. His decades of strategic insight, governance expertise, and deep commitment to collaboration between the public and private sectors will be instrumental in guiding Globeleq through its next phase of growth and innovation.

The Board is confident that Rick’s leadership will support Globeleq to lead the energy transition in Southern Africa.

Globeleq’s CEO, Jonathan Hoffman said: “We extend our sincere appreciation to Laurence for her leadership, dedication during a period of significant growth and transformation for the company.  We look forward to having Rick’s leadership as we continue to sharpen our focus on operational efficiency and accelerating the energy transition across Africa.”

Laurence Mulliez added: “Globeleq has experienced significant growth in recent years, navigating a complex and evolving environment. I’m pleased to be stepping away at a time when the company is entering a new chapter. With strong leadership in place and a clear strategic direction, Globeleq is well-positioned to grow from this new base and continue making a meaningful impact across the African energy sector.”

Rick Menell indicated: “It is an honour to take on the role of Chair at such a pivotal time for Globeleq and the energy sector in Africa. I look forward to working with the Board and executive team to build on the company’s strong foundation, accelerate the energy transition, and deliver sustainable impact across the continent.”

For media inquiries, please contact:  Fiona Gonyea:  media @globeleq.com