Gulfsands Appoints New CEO

North Africa and Middle East-focused Gulfsands Petroleum announced Thursday that it has appointed a new chief executive officer.

Gulfsands said that Mahdi Sajjad, currently the firm's executive director and president, has been appointed to succeed Ric Malcolm as CEO. The change is effective immediately, although Malcolm has agreed to remain available until the early summer to facilitate the transition in management.

Malcolm commented in a statement:

"Following the acquisition of Cabre Maroc in Morocco, the successful award of two permits in Colombia and the consolidation of our position in Tunisia, Gulfsands Petroleum has embarked upon a new phase in its evolution. This represents an appropriate time for me to move on, confident that I am leaving to my successors a solid business platform that should provide the company with a promising future. 

"I have therefore offered to remain available until the early summer to assist the company during this period of management transition."

Gulfsands Chairman Andrew West added:

"I would like to record the board's gratitude to Ric for his contribution to the company over the past four and a half years.  In the face of all the challenges we have had to deal with, particularly in recent times, he has remained resolute and has played a key role in identifying and implementing the company's recent diversifications and developing its technical capabilities.  Ric leaves the company in very good hands and with some promising new opportunities in train."



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Wood Group Engineers to Carry Out Sakh... (May 22)
 -  Sentinel Marine Takes Delivery of New ... (May 22)
 -  Schlumberger Signs MoU with Saudi Aram... (May 22)
 -  BP Staff Raise Money for 4 Charities w... (May 19)
 -  Norwegian Production Drops Month-on-Mo... (May 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
IT Engineer II
Expertise: Engineering Manager
Location: Houston, TX
 
Lead Training Advisor Mozambique LNG
Expertise: HR - General
Location: The Woodlands, TX
 
Sr. Engineer
Expertise: Engineering Manager
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $53.87/BBL 0.48%
Light Crude Oil : $50.73/BBL 0.79%
Natural Gas : $3.33/MMBtu 2.14%
Updated in last 24 hours