Genel Energy PLC Directorate Changes (2977Q)

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RNS Number : 2977Q

Genel Energy PLC

11 September 2017

11 September 2017

Genel Energy plc

Directorate Changes

Genel Energy plc ('Genel' or 'the Company') announces that Tim Bushell and Martin Gudgeon have been appointed as independent Non-Executive Directors of the Company with immediate effect.

Mr Bushell is a qualified geologist with over 35 years' experience working in the oil and gas sector. He is currently on the Boards of Petro Matad, Rockhopper Exploration, and Point Resources. Previously, he spent a decade as CEO of Falkland Oil & Gas, was a co-founder of Core Energy, and was Managing Director of Paladin Resources Norway. Prior to Paladin, he worked at British Gas, Ultramar and Lasmo.

Mr Gudgeon has significant financial and corporate experience, and is a Partner at PJT Partners. Prior to joining PJT Partners, he worked at Blackstone for eight years, serving as a Senior Managing Director, and was the Chief Executive at Close Brothers Corporate Finance. Before that, Mr Gudgeon was at Hill Samuel, including two years on secondment to Macquarie Bank in Sydney, Australia.

The composition of Board committees remains under review.

Stephen Whyte, Chairman of Genel Energy, said:

"I am delighted to welcome Tim and Martin to Genel Energy. Both bring significant relevant experience to the Board, and I look forward to working with them as we continue to build on the momentum in the business and deliver on our strategic objectives."

No information is required to be disclosed under Listing Rule 9.6.13R.

Genel instructed independent board search and advisory consultants Spencer Stuart in connection with the appointments.

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For further information please contact:

 
 Genel Energy 
  Phil Corbett, Head of 
  Investor Relations       [phone] 
 Andrew Benbow, Head of 
  Public Relations 
 

Notes to editors:

Genel Energy is an independent oil and gas exploration and production company listed on the main market of the London Stock Exchange (LSE: GENL). The Company, with headquarters in London and offices in Ankara and Erbil, is the largest independent oil producer and the largest holder of reserves and resources in the Kurdistan Region of Iraq and, through its Miran and Bina Bawi gas fields, is set to be a cornerstone provider of gas to Turkey under the KRI-Turkey Gas Sales Agreement. Genel also continues to pursue further growth opportunities within the Middle East and Africa. For further information, please refer to www.genelenergy.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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September 11, 2017 02:01 ET (06:01 GMT)