Business
Appointment of Chairman
Appointment of Chairman.
About this update from Gulf Keystone Petroleum Limited
[{"type":"text","content":"\n \nRNS Number : 1608E Gulf Keystone Petroleum Ltd. 14 July 2016 \n\nNot for release, publication or distribution, directly or indirectly, in whole or in part in or into the United States or any jurisdiction other than the United Kingdom and Bermuda where to do so would constitute a contravention of the relevant laws or regulations of such jurisdiction. This announcement (and the information contained herein) does not contain or constitute an offer to sell or the solicitation of an offer to purchase, nor shall there be any sale of securities in any jurisdiction where such offer, solicitation or sale would constitute a contravention of the relevant laws or regulations of such jurisdiction.\n \n \n \n \n \n \n \n14 July 2016\nGulf Keystone Petroleum Limited. (LSE: GKP)\n(\"Gulf Keystone\", \"GKP\" or \"the Company\")\n \nAppointment of Chairman\n \nGulf Keystone Petroleum is pleased to announce that Keith Lough, Non-Executive Director, has been appointed Non-Executive Chairman. \n \nAndrew Simon, currently Non-Executive Chairman, will retire from the Board of Directors of Gulf Keystone with immediate effect. \n \nCommenting on today's announcement, Andrew Simon said:\n \n\"Having overseen a renewal of both the Board and the senior management team during the last 15 months, and together with the restructuring announced today, it is now an appropriate time to hand over the Chairmanship to Keith, who has spent a lifetime in the oil industry. His deep industry knowledge at a time of low oil prices and geopolitical challenges has already proved invaluable whilst he chaired the Finance Committee and I am delighted that he has agreed to take on the Chairmanship.\"\n \nKeith Lough said:\n \n\"I would like to thank Andrew for his tireless work on behalf of all of GKP's stakeholders. Over the course of his time on the Board, as a NED and latterly as Chairman, he has overseen the Company through an extremely tough time, not only for all of the Kurdistan operators, but for the Oil & Gas sector as a whole. On behalf of everyone at GKP I would like to wish Andrew the very best in his retirement.\n \n\"I look forward to working with my fellow Directors and all at GKP as we focus on restoring value in the Company. I would also like t...