James Dewar Takes Reins as Dana Gas' CFO
Dana Gas PJSC, the Middle East's first and largest private-sector gas company, has announced the appointment of James Dewar as Group Chief Financial Officer (CFO). Mr. Dewar brings in over 27 years experience working in global/ regional CFO roles with British Petroleum (BP) Plc in the UK, Dubai, Kuwait, Indonesia, Singapore and the USA. Mr. Dewar is a Chartered Accountant from his time with Ernst & Young and holds a Bachelor of Arts honors degree in Accounting & Marketing from Strathclyde University in Scotland.
Ahmed Al Arbeed, Dana Gas Group Chief Executive Officer, welcomed Mr Dewar to the Group, saying, "I am pleased to announce the appointment of James Dewar as Group CFO, effective October 1, 2009. Mr. Dewar joins us at an important time to add executive and financial
leadership to support the further growth and development of Dana Gas. We are confident he will add significant value to the company, utilizing his extensive global business and finance experience in Upstream, Downstream, Petrochemicals and Trading for the benefit of Dana Gas shareholders, business partners and employees."
Speaking of the appointment Mr. Dewar said, "I am delighted and honored to be joining Dana Gas as Group CFO. I have watched the Company grow with interest since its inception and seen its phenomenal development over the past few years to become an increasingly successful energy company with interests across the MENASA Region. I look forward to working closely with Ahmed Al-Arbeed, the Board of Directors and the Dana Gas leadership team to contribute to the company's continued growth and success through long term value delivery to its shareholders."
Dana Gas recently announced its financial results for the second quarter of 2009, posting a net profit of AED 392 million and production figures of 3.19 million barrels of oil equivalent (MMboe) for the quarter.
- Dana Gas Is Said to Miss Payment on $700 Million Sukuk Today (Oct 31)
- Dana Fight With BlackRock to Start Despite UAE Court Order (Sep 19)
- UAE's Dana Gas to Review Egypt Investment If Not Repaid Dues (Nov 09)