Last checked at 14 Oct 2015 07:00
14 October 2015
Genel Energy plc
Retirement of Company President
Genel Energy plc ("Genel" or "the Company") announces that Mehmet Sepil, President, has retired from the Company with immediate effect.
Mehmet Sepil founded Genel Energy and was CEO from 2002 until the merger with Vallares PLC in 2011, when he became President of the Company.
Tony Hayward, Chairman of Genel, said:
"The history of the Kurdistan Region of Iraq's oil industry cannot be written without Mehmet featuring prominently, and it has been a great pleasure to work with him to establish the company he founded as a respected London-listed oil and gas company. While Mehmet leaves a legacy of a management team with unsurpassed relationships in the region, his expertise will remain on hand as he supports the business as a major shareholder."
Murat Özgül, Chief Executive of Genel, said:
"Mehmet's entrepreneurial skills and his vision have been integral in building Genel into a leading independent exploration and production company, and the Kurdistan Region of Iraq into a significant oil and gas province. Working alongside Mehmet for more than a decade has provided unique insight into doing business in the KRI and elsewhere in the world.
I look forward to growing Genel and delivering on the strategy that the Company instigated under Mehmet's leadership, as Genel continues to support the KRG through progressing the development of our world-class gas assets, adding to the oil production that comprises the bedrock of KRI exports."
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For further information, please contact:
Genel Energy Ben Monaghan, Chief Financial Officer Phil Corbett, Head of Investor Relations Andrew Benbow, Head of Public Relations | +44 20 7659 5100 |
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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 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.