Vivo Energy announced the appointment of Nimit Shah as 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 an orderly 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.

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. Nimit knows Vivo Energy very well, having 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 $2 billion. These include GBFoods Africa, Interswitch, Wananchi, Continental Outdoor, and OVH Energy. Prior to joining Helios Investment Partners in 2008, Nimit was a Director at Lehman Brothers.

He started his career as a strategy consultant at Arthur D Little.