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."
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