The Managing Director of the Tema Oil Refinery, Mr. R.B. Forson will retire from the service of the company on 31st March, 2004.

Prior to his retirement, Mr. Forson will proceed on a terminal leave on January 26th, 2004.

A statement signed by the Board Chairman, Mr. E. Adu-Gyamfi said in the absence of Mr. Forson, Deputy Managing Director in-charge of Finance and Administration, Mr. K.K. Sarpong has been appointed to act as Managing Director.