Genel Energy drafts in former Shell exec as new finance chief after boardroom exodus

 
Oliver Gill
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BP CEO Tony Hayward Testifies Before House Hearing On Oil Spill
Former BP boss Tony Hayward founded Genel Energy with Nat Rothschild (Source: Getty)

Genel Energy today appointed a new finance chief as the firm looks to rebuild its boardroom following a raft of high profile departures.

Transocean and Seadrill chief financial officer Esa Ikaheimonen has been selected, formally joining the firm on 3 July. Ikaheimonen previously had a 20-year career with Royal Dutch Shell.

In recent months former BP boss Tony Hayward, banking scion Nat Rothschild and former Premier Oil chief executive Simon Lockett have quit from their positions on the board of Genel.

Read more: Troubled oil producer Genel's shares lift ahead of AGM decisions

Genel chief executive Murat Ozgul said:

I am delighted to welcome Esa to Genel. His extensive industry, commercial, and financial experience will be invaluable to Genel and its growth ambitions, particularly the development of our significant gas assets in the Kurdistan Region of Iraq.

Shares in the London-listed miner were broadly flat in morning trading following the announcement, currently down 0.3 per cent.

Read more: Nat Rothschild quits board of Genel Energy which he co-founded

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