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Genel Energy PLC - London-based oil company focused on the Kurdistan region - On Monday promoted interim Chief Executive Officer Paul Weir to CEO role on permanent basis. He became interim CEO in June 2022, after former CEO Bill Higgs stepped down. At the firm's annual general meeting in May, Higgs did not receive the required 50% majority of votes in favour of re-election as a director of the board.
Chair David McManus states: ‘I am delighted to confirm the appointment of Paul as chief executive officer. He has the experience and vision to deliver Genel's strategy, as we focus on positive performance from our current portfolio and utilising our material financial strength to grow the company for the benefit of all stakeholders. Paul has already brought energy and clarity to the business, giving us confidence that value delivery will follow.’
Current stock price: 132.88 pence, up 1.0% on Tuesday
12-month change: down 11%
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