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 +44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Communications +44 20 7390 0230
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)
© 2020 Dow Jones News
