OIL firm Gulf Keystone Petroleum’s non-executive director Mehdi Varzi has been rather prominent recently after a shareholder revolt last week, when fund manager M&G voiced concerns over pay levels of executives.
Bad news for Varzi who – as head of the oil firm’s remuneration committee – has his neck on the line when it comes to being re-elected at the firm’s AGM on 25 July.
Luckily, the non-exec’s daughter Azadeh Varzi happens to be not only a former RBS investment banker, but a partner at financial spinners Brunswick – she even specialises in “corporate reputation for Gulf based and international clients”.
So will she be giving Mehdi any PR words of wisdom?
“It’s my father, so difficult for me to respond,” she told The Capitalist. Luckily Varzi (senior) is represented by PR giant Bell Pottinger, which ought to be more than equipped to handle any damage control having just celebrated a big milestone – its first anniversary since going private.