Genel Energy PLC: Management Change (1266993)
January 11 2022 - 2:00AM
UK Regulatory
Genel Energy PLC (GENL) Genel Energy PLC: Management Change
11-Jan-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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11 January 2022
Genel Energy plc
Management Change
Genel Energy plc ('Genel' or 'the Company') announces that Esa
Ikaheimonen, Chief Financial Officer, has advised the Board of his
intention to leave the Company on 16 March 2022, following the
announcement of the Company's 2021 financial results the day
before.
A search for a suitable replacement is ongoing and an
announcement will be made in due course.
Bill Higgs, Chief Executive of Genel, said:
"Our financial results will be a testament to Esa's time at
Genel, as they will show a Company in a strong financial position,
with a resilient and proven business model and the flexibility to
utilise the balance sheet to grow the Company. On behalf of
everyone at Genel I would like to wish Esa all the best in his
future endeavours."
Esa Ikaheimonen, Chief Financial Officer of Genel, said:
"Genel has strong leadership and finance teams, a robust
financial position, and a lot to look forward to, and I wish the
Company every success for the future."
-ends-
For further information, please contact:
Genel Energy
+44 20 7659 5100
Andrew Benbow, Head of Communications
Vigo Consulting
+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 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
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
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ISIN: JE00B55Q3P39, NO0010894330
Category Code: MSCM
TIDM: GENL
LEI Code: 549300IVCJDWC3LR8F94
Sequence No.: 135659
EQS News ID: 1266993
End of Announcement EQS News Service
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