Gulf Keystone Petroleum Appoints Sami Zouari as CFO
Gulf Keystone Petroleum Ltd., an exploration and production company with operations in the Kurdistan Region of Iraq, announced Thursday the appointment of Sami Zouari to the Board of the Company (the Board) as chief financial officer as of Jan. 22.
Zouari, 42, joins the Company following careers in both the oil & gas industry and investment banking, where he also had a particular focus on the Energy and Commodities sectors in the Middle East and North Africa.
Educated at Columbia and Harvard Universities, Zouari has most recently served as the regional head of Corporate & Investment Banking for North Africa, Iraq and Oman at BNP Paribas. Prior to his career in investment banking, he worked for Total EP in a number of roles, including as commercial manager for Total EP Libya in Tripoli.
In line with the Company's Recruitment Remuneration Policy for Executive Directors, Zouari has been granted 1,500,000 market-priced share options at an exercise price of $0.83 (GBP 0.55). One third of the share options will vest upon his appointment and two further instalments of 500,000 share options will vest upon the first and second anniversaries of his appointment respectively.
There is no further information to be disclosed pursuant to sections LR 9.6.11, LR 9.6.12 or LR 9.6.13 of the Listing Rules, FCA Handbook.
In addition, Gulf Keystone is informing the market today that the Company will announce its results for the year ended Dec. 31, 2014 on Thursday April 9.
Commenting on today's announcement, John Gerstenlauer, Gulf Keystone's CEO said:
"We are delighted to welcome Sami Zouari to the Board and to complete the management team. Alongside his strong financial and industry background, Sami brings substantial knowledge of the Middle East region, which is key to our operations and stakeholder relationships in the Kurdistan Region. He knows Gulf Keystone well, having worked with us in the past on the convertible bond issues for the Company in 2012 and 2013.
"I would like to thank Mary Hood, who will now assume the role of deputy CFO, for the excellent interim job she has performed for a number of months."
WHAT DO YOU THINK?
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.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- North America Enters Rig Loss Streak
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension