Genel Energy PLC: Appointment of CFO (1357295)
May 20 2022 - 1:00AM
UK Regulatory
Genel Energy PLC (GENL) Genel Energy PLC: Appointment of CFO
20-May-2022 / 07:00 GMT/BST Dissemination of a Regulatory
Announcement, transmitted by EQS Group. The issuer is solely
responsible for the content of this announcement.
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20 May 2022
Genel Energy plc
Appointment of CFO
Genel Energy plc ('Genel' or 'the Company') is pleased to
announce that Luke Clements has been appointed Chief Financial
Officer by the Board with immediate effect.
Luke, who was previously Interim Chief Financial Officer, has
been responsible for a broad range of financial, commercial, and
treasury related activities at the Company. Having joined the
Company in 2011 to advise on the merger of Vallares Plc and Genel
Enerji, he became Group Financial Controller in 2015. Prior to
joining the Company, Luke spent seven years at KPMG, where he was
head of department and advised multiple FTSE100 and FTSE350
companies across a range of sectors.
David McManus, Chair, said:
"Luke is the ideal person to continue delivering the financial
platform that facilitates our strategy, a strategy he has been
integral in building, as we seek to utilise our growing financial
strength to add production and further bolster our progressive
dividend. Genel's low-cost production generates significant cash
flow, in turn supporting investment in growth and material
shareholder returns, and we look forward to Luke playing a
significant role as we continue to aim to create material value for
shareholders."
-ends-
For further information, please contact:
Genel Energy
+44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Consulting
+44 20 7830 9700
Patrick d'Ancona
Notes to editors:
Genel Energy is a socially responsible oil producer listed on
the main market of the London Stock Exchange (LSE: GENL, LEI:
549300IVCJDWC3LR8F94). The Company is one of the largest
London-listed independent hydrocarbon producers, with an asset
portfolio that positions us well for a future of fewer and better
natural resources projects. Genel has low-cost and low-carbon
production from the Sarta, Taq Taq, and Tawke licences in the
Kurdistan Region of Iraq, providing financial resilience that
allows investment in growth and the payment of a material and
progressive dividend. Genel also continues to pursue further growth
opportunities. For further information, please refer to
www.genelenergy.com.
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ISIN: JE00B55Q3P39, NO0010894330
Category Code: MSCH
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 162965
EQS News ID: 1357295
End of Announcement EQS News Service
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