GKP founder leaves board

Suzie Neuwirth
GULF Keystone Petroleum’s chief executive and founder Todd Kozel has said he will step down from the board, heading off a rumoured shareholder revolt at the oil explorer’s annual meeting yesterday.

The firm said that Kozel would stay on as a consultant to maintain its relationship with the Kurdistan autonomy’s government.

Non-executive director Mark Han­son also stepped down, but al­most 22 per cent of investors voted against the proposed executive pay package.