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Director exodus at Genel Energy

Two of the group's founders follow other big names out the door
Thursday 08 Jun 2017 Author: Tom Sieber
Big News

Kurdistan oil producer Genel Energy (GENL) is downgraded from ‘speculative buy’ to ‘hold’ by Canaccord Genuity after the departure of several key executives from its board. In April chairman and founder Tony Hayward announced his retirement and non-executive director Chakib Sbiti stepped down.

In early June chief financial officer Ben Monaghan announced his departure and on 5 June co-founder and non-executive director Nat Rothschild and fellow non-exec Simon Lockett resigned. (TS)

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08 Jun 2017

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