Petro Matad Appoints New Chairperson and CEO

Junior oil company Petro Matad announced Friday that its board of directors has appointed Enkhmaa Davaanyam as a non-executive, non-independent chairperson and Ridvan Karpuz as the CEO of the company.

Davaanyam's appointment is effective August 1, 2015 and Karpuz's appointment becomes effective mid-September 2015. Davaanyam was previously a non-executive director of Petro Matad who was “instrumental” in concluding a recently announced farm-out agreement with BG Group, according to a Petro Matad press release. Karpuz previously held the role of non-executive director and exploration executive director for the company.

Oyungerel Janchiv, Petro Matad acting chairperson, commented in a company statement:

"I am very pleased to announce these appointments. Ms Davaanyam has been an active and valuable board member and was key to the successful conclusion of the previously announced farm-out agreement with BG Group. With her appointment as chairperson, I and other directors are confident that the leadership of the board will be in good hands. Mr Karpuz's return to the company as CEO is a strong signal of the confidence he has in the future prospects of the company. His previous experience as exploration director gives Mr Karpuz a unique perspective on the potential for success in the company's forthcoming exploration program. His return to the company as an executive demonstrates his enthusiasm for the company's prospects, an enthusiasm that is shared by the entire board of directors."



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
 -  What Should Go On Your Electrical Engi... (Jul 25)
 -  AECOM to Lead Permitting for Monkey Is... (Jul 25)
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)


Most Popular Articles

From the Career Center
Jobs that may interest you
Survey Project Manager
Expertise: Landman|Project Management|Surveying
Location: Corpus Christi, TX
 
Brownfield Project Manager
Expertise: Pipeline Engineering|Project Management
Location: Houma, LA
 
Load Planner/ Dispatcher Frac Sand
Expertise: Dispatcher|Project Management
Location: Mansfield, TX
 
search for more jobs

Brent Crude Oil : $50.2/BBL 3.29%
Light Crude Oil : $47.89/BBL 3.34%
Natural Gas : $2.94/MMBtu 1.37%
Updated in last 24 hours