Vivo Energy appoints new Chief Financial Officer

Nimit Shah will take up the position by the end of May, replacing interim Jay Gleacher, who will work alongside him before returning to his previous role at Vitol.

Vivo Energy, pan-African distributor of Shell and Engen-branded fuels and lubricants, has announced the appointment of Nimit Shah as new Chief Financial Officer.

Nimit will take up his position and be appointed to the Vivo Energy Ltd Board at the end of May 2024. As part of the firm’s succession process, Jay Gleacher, Interim CFO, will work with Nimit for an initial transition period, before returning to his role as an Investment Director at Vitol.

"The Board and I are delighted to welcome Nimit to Vivo Energy. His record of financial leadership, understanding of Africa – and Vivo Energy in particular – and his commercial acumen mean that he is ideally suited to the role," said Stan Mittelman, CEO of Vivo Energy.

Nimit joins Vivo Energy from Africa-focused private equity firm, Helios Investment Partners, where he was a senior Partner in the investment team and Head of Capital Markets for the last 15 years. He is familiar with the Vivo Energy brand, as he played a leading role in the original deal when Vitol and Helios Investment Partners acquired Shell’s downstream Africa business to create Vivo Energy in 2011.

He remained involved in Vivo Energy until Helios divested its shareholding two years ago. At Helios, Nimit led several other deals in more than 30 African markets, worth over $2bn.