Directorate Change
2 February 2015
Genel Energy plc
Directorate Change
Genel Energy plc ("Genel" or "the Company") announces that Julian Metherell has informed the board of his intention to retire from the Company, with effect from the close of the Annual General Meeting on 21st April 2015.
Julian Metherell's successor as Chief Financial Officer will be Ben Monaghan, who is currently the Head of Europe, Middle East and Africa oil and gas investment banking at J.P. Morgan. Ben has worked in the oil and gas team at J.P. Morgan for the last twenty years and has been involved in many of the most significant mergers and acquisitions and debt and equity capital raises in the sector over that time.
Ben Monaghan will join the Company following a period of transition prior to Julian Metherell's departure.
Rodney Chase, Chairman of Genel, said:
"Since Genel's listing on the London Stock Exchange in 2011, Julian has played an integral role in unlocking the value of our world-class assets in the Kurdistan Region of Iraq. He leaves the Company with a robust balance sheet and the financial strength to prosper, and I would like to thank him for all of his hard work. Ben has exactly the experience and expertise to further this success, and the board looks forward to working with him as we continue to build on our position as a leading exploration and production company."
-ends-
For further information, please contact:
| Genel Energy Phil Corbett, Head of Investor Relations Andrew Benbow, Head of Public Relations |
+44 20 7659 5100 |
| Vigo Communications Patrick d'Ancona |
+44 20 7016 9573 |
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 additional 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.