PETROMIN BOARD OF DIRECTORS
Petromin is headed by a professional board with national and international standing.
The Board of Petromin is appointed in accordance with a process specified in the Company Constitution and includes the application of the Fit-and-Proper Guidelines. The Trust Manager recommends to the Trustee Shareholder, candidates who meet the requirements for appointment as directors of the Board of Petromin. The Constitution of Petromin specifies that all but two of the directors will be distinguished Papua New Guineans.
Petromin Board Members
Sir Brown Bai, KBE , CBE, CSM ,FPNGID
Sir Brown Bai is a distinguished former Public Servant, including Ambassador to Brussels and the European Community, Secretary for Treasury, Managing Director of PNG Banking Corporation as well as Secretary to the Department of Prime Minister & NEC.
He has a Bachelor's degree in Economics from the University of Papua New Guinea.
He is currently a private consultant and was a director of Ramu Sugar Limited and is currently a director of Hargy Oil Palm Limited, Goodman Fielder (PNG) International, Cargil PNG Ltd, Galley Reach Holdings Ltd, Public Sector Reform Advisory Group, PNG Microfinance Ltd. He is the Chairman and Managing Director of PNG Palm Oil Producers Association and the Chairman of the Rural Industries Council.
Mr. Jerry Wemin
Mr Jerry Wemin has an Australian Masters Degree in Development Management and a Bachelor of Arts Degree from University of Papua New Guinea, 1988. He has a number of International Certificates of Distinctions in Total Quality and Human Resource (HR) Management. Mr Wemin is a Founding Member of the Institute of Company Directors and the Fellow of the Institute of Management.
Mr Wemin is President and Chairman of the Board of Papua New Guinea Human Resource Institute and represents the country on the Board of Asia Pacific Federation of HR Managers for seven years. He is also Chairman of the Board of Trustees of the PNG Tertiary Students Christian Fellowship with more than 66 tertiary institutions in PNG. He is also on the Board (University Council) of the University of Papua New Guinea. Mr Wemin has formerly served on a number of church, government and corporate boards.
Mr Wemin is a Human Resource Management (HRM) Specialist spanning 16 years. He was last employed as the HR Specialist with Air Niugini before joining the former PNG Banking Corporation as HR Planning and Development Manager. He was Group HR Executive Manager with the Finance Pacific Limited before joining the Institution of Engineers as the Chief Executive Officer for a three year term. After which he was undertaking freelance consulting work with many high profile corporate bodies. He has been a Senior Lecturer in the School of Business and Administration at the University of Papua New Guinea and undertakes a number of HR Consulting and Advisory role including the Sanap Wantaim PNG Australia HIV/AIDS program as Adviser.
Mr Wemin is a certified NTC trainer and accredited Deakin University HRM Lecturer.
Mr. Bill Searson, CBE
William (Bill) Searson C.B.E, B.Sc was the head of Department of Mining and Energy from 1983 - 1990.
During his tenure, there were numerous discoveries and development of world class resource projects such as OK Tedi and the Porgera Gold Mine. His active involvement in promoting the Papuan Basin eventually led to the discovery of commercial amounts of Oil at Kutubu.
Mr Searson has a Bachelor's degree in Geology from the University of Papua New Guinea and was PNG's first national geologist. After retiring from Goverment service, Mr Searson has continued as an independent Consultant to mine development projects such as Lihir, Simberi, Ramu, Hidden Valley and Gold Ridge in the Solomon Islands.
He has served on various boards and was chairman of the PNG Electricity Commission Board from 1983 - 1990. During his tenure, he saw the construction of the Yonki Hydro Power Dam and the Rouna Hydroelectricty Project.
Mr Searson is also a current board member of Mineral Resources Development Company Limited (MRDC).
Mr. Ian Goddard
Ian Goddard is a Non- Executive Member of the Petromin Board of Directors.
Mr Goddard is a Mining Engineer with a distinguished Operational and Executive Management career.
He has extensive knowledge and genuine interest in the development of Papua New Guinea and is well regarded in the industry within Australia and Internationally. Mr Goddard has vast experience in the resource sector in PNG.
He was previously Managing Director and CEO of Highlands Gold Ltd and over 9 years in PNG was involved in the development of the Porgera mine plus leading exploration and pre-feasibility studies for an array of gold and base metal projects including Frieda, Ramu and Kainantu.
Mr Goddard was also a previous President of PNG Chamber of Mines and Petroleum and the PNG Employers Federation as well as various advisory boards to PNG educational institutions.
He has held a number of board and executive positions in various organisations including Metallica Minerals, Morobe Consolidated Gold Fields, JDA and the Cooperative Research Centre for Vaccine Technology. He is also a member of the Australasian Joint Ore Reserves Committee.
Mr. Richard Tengdui
Richard Tengdui is a Non-Executive Director of Petromin PNG Holdings Limited.
He was appointed a Non-Executive Director for a 3 year term, beginning 5 May 2010.
Mr Tengdui is from Western Highlands Province. He is a registered public accountant, registered company auditor, registered liquidator and registered tax agent.
Mr Tengdui has a Bachelor of Accountancy from the PNG University of Technology and a Post Graduate Diploma in Accounting & Financial Management from the University of New England, in New South Wales, Australia.
His career as an accountant began in 1981 when he joined with Coopers & Lybrand where he was involved in audit accounting, liquidation and taxation matters. Later he became Financial Controller of Timbersales PNG Ltd in Rabaul and he is currently the Principal of Tengdui and Associates Certified Practicing Accountants which he started in 1990. An active member of the Certified Practicing Accountants of PNG, Mr Tengdui has been past president of the PNG Institute of Accountants (now CPA) Lae Branch, and Mt Hagen Branch. He is a former Member of the Accountants Registration Board of Papua New Guinea.
Mr Tengdui has carried out several successful audits of State owned institutions including the Coffee Industry Corporation, the PNG Forest Authority, the Cocoa Board of PNG and the PNG Medical Research Institute.
In the resource industry in Papua New Guinea, Mr Tengdui has experience with Hides Gas Landowner and Ok Tedi Landowner Companies.
Mr. Thomas Abe
Mr Abe was appointed an independent director of Petromin in December 2013. Abe graduated from The University of Papua New Guinea in 1981 with a Bachelor of Arts Degree with Double Major in International Relations and Economics.
Mr Abe commenced his working career in 1979, as Research Officer in the Division of Trade and Economic Relations with the then Department of Foreign Affairs and Trade (DFAT). Mr Abe held other important positions within DFAT during his 14 years of service. They included; Executive Officer to Tariff Advisory and Industries Assistance Committee; Assistant Secretary, Economic Relations Branch, Third Secretary at PNG High Commission in Canberra, Australia and Counsellor/Deputy Ambassador At PNG embassy in Tokyo, Japan. After leaving DFAT, Mr Abe also held senior government positions in other government departments and statutory bodies namely; First Assistant Secretary, Policy and Planning Division of Department Of Commerce and Industry in 1998; Managing Director of Investment Promotion Authority in 2000 and a Commissioner in the Privatisation Commission; A board director in Air Niugini in 2002; Founding Commissioner/Chairman/CEO of Independent Consumer and Competition Commission (ICCC) - Position he held from October 2002 to February 2010. By virtue of his position at ICCC, Mr Abe was elected the first and founding Chairman of the International Regulatory Body, East Asia and Pacific Infrastructure Regulatory Forum (EPIRF), in 2005 - a Position he held for four years. Following completion of his contract at ICCC, Mr Abe successfully applied and was subsequently appointed by the Government for the position of Managing Director of Independent Public Business Corporation in 2011. As MD of IPBC, Mr Abe was also Chairman of National Petroleum Company of PNG (NPCP) and a director of Be-Mobile. Mr Abe is currently an independent private consultant.
Mr. Arun Basu
Arunava Basu has a BachelorS Degree in Commerce from the University of Calcutta, India. He is a chartered accountant and a Fellow Member of the Institute of Chartered Accountants of India and an Associate Member of the Certifed Public Accountants of Papua New Guinea. Mr Basu has over 19 years experience and in-depth knowledge of the mining and petroleum industry operations in PNG. He has specifc experience in project fnancing and taxation matters in the industry. Prior to joining Petromin he was formerly the General Manger Corporate Services for Mineral Resources Development Company Limited and prior to that he was the Financial Controller of Orogen Minerals Limited from its inception until it was merged with Oil Search Limited in 2002. He was actively involved in fnancing Orogens acquisition of BHPs interest in various PNG oil projects and co-ordinated Orogens acquisition of fve percent interest in the Porgera Joint Venture in 1999.