Non-Exec. Director Sbiti to retire from Genel Energy
- Non-Executive Director of Genel Energy Chakib Sbiti to retire from his duty as of June 2017, company announces

Genel Energy's non-Executive Director Chakib Sbiti will retire from his duties as of June 2017, the company announced Thursday.

According to the company's press release, Sbiti has indicated his intention to retire from the board of Genel at the annual general meeting (AGM) in June 2017, the second senior executive to do so.

Genel announced on April 24 that its chairman Tony Hayward would retire as director and chairman of the company at the conclusion of the 2017 annual general meeting.

"Chakib has been an integral member of the Board and his experience and insight gained from over 30 years in the industry have been invaluable to the company. It has been a pleasure to work with Chakib, and all of us at Genel would like to wish him the very best in his future endeavors," Hayward was quoted saying in the press release.

In another press release on Thursday, Genel announced the posting of its annual report and financial statements to shareholders together with notification of the 2017 AGM and proxy forms. The company will hold its AGM on Tuesday June 6, 2017.

Genel Energy is an independent oil and gas exploration and production company headquartered in London with offices in Ankara and Erbil with the main bulk of their operations in the KRG region of Iraq.

By Muhsin Baris Tiryakioglu

Anadolu Agency





27 Apr,2017