Genel Energy PLC: Appointment of Independent Non-Executive Director

Genel Energy PLC (GENL) 
Genel Energy PLC: Appointment of Independent Non-Executive Director 
 
22-Jun-2020 / 07:00 GMT/BST 
Dissemination of a Regulatory Announcement, transmitted by EQS Group. 
The issuer is solely responsible for the content of this announcement. 
 
                      22 June 2020 
 
           Genel Energy plc 
 
           Appointment of Independent Non-Executive Director 
 
      Genel Energy plc ('Genel' or 'the Company') is pleased to announce the 
appointment of Canan Ediboglu as an Independent Non-Executive Director, with 
                      immediate effect. 
 
Canan has significant industry, financial, and corporate experience. She has 
     been a non-executive board member of ING Bank in Turkey since 2010, and 
   Tupras since 2017. Canan was formerly non-executive Board member of Aygaz 
   between 2011 and 2017, and a non-executive Board member of Pyrsmia Turkey 
                      between 2013 and March of this year. 
 
Prior to this, Canan spent almost 30 years at Royal Dutch Shell, culminating 
    in her role as the country chair and CEO of Shell Turkey, roles she held 
between 2001 and 2009. She was previously CFO of Shell Turkey, preceded by a 
 series of positions at the company across numerous aspects of the business, 
      notably marketing, treasury and planning. During her tenure as CEO and 
          country chair, she was involved in leading a significant number of 
                    acquisitions and nurtured the growth of Shell in Turkey. 
 
 Following her retirement from Royal Dutch Shell, Canan advised Accenture on 
     the setting up of their energy business in Turkey, and spent nine years 
   advising Maersk and APM Terminals on their port investments and improving 
  their networking in Turkey. She is the former President of PETDER (Turkish 
      Association of Petroleum Industrialists) and Chair of the Oil Industry 
                  Council Turkish Union of Chambers and Commodity Exchanges. 
 
Canan is also an active member of various NGOs, and is a board member of the 
 Turkish Autism Society, the Global Relations Forum, and Embarq - the Centre 
     for Sustainable Transport, having previously been a Board member of WWF 
                      Turkey for a number of years. 
 
      With the appointment of Canan to the Board, the commitment made by the 
       Company to return the Board to an equal balance of independent versus 
                      non-independent Directors has been fulfilled. 
 
                      David McManus, Chairman of Genel, said: 
 
        "We are delighted to welcome Canan to the Board. She has a wealth of 
  relevant industry and financial experience, as well as extensive work with 
   NGOs. Canan will bring further insight and perspective to the Board as we 
   aim to fulfil our goal of generating significant shareholder value, while 
     acting as a socially responsible contributor to the global energy mix." 
 
      No information is required to be disclosed under Listing Rule 9.6.13R. 
 
  Genel instructed independent board search and advisory consultants Russell 
                      Reynolds in connection with the appointment. 
 
           -ends- 
 
For further information, please contact: 
 
Genel Energy                          [phone] 
 
Andrew Benbow, Head of Communications 
 
Vigo Communications                   [phone] 
 
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 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 sustainable dividend, even at a low 
 oil price. Genel also continues to pursue further growth opportunities. For 
               further information, please refer to www.genelenergy.com [1]. 
 
ISIN:          JE00B55Q3P39 
Category Code: BOA 
TIDM:          GENL 
LEI Code:      549300IVCJDWC3LR8F94 
Sequence No.:  71034 
EQS News ID:   1074999 
 
End of Announcement EQS News Service 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=3ec46b352f38452116096dbbab51b09e&application_id=1074999&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

June 22, 2020 02:00 ET (06:00 GMT)