Genel Energy Announces New Non-Exec Director

Genel Energy, the London listed E&P company and largest independent oil producer in the Kurdistan Region of Iraq, announced on Friday that it has appointed Chakib Sbiti as an independent non-executive director with immediate effect. He will also become a member of the Political Risk and HSSE Committees of the Genel Energy Board.

Mr Sbiti has significant knowledge and experience of the oil sector, having held a long and distinguished career at Schlumberger, the world's largest oilfield services company, spanning over thirty years. At present, Mr Sbiti is a Special Advisor to the Chairman and CEO at Schlumberger, a role he has held since 2010, having served as Executive Vice President of Oilfield Services and in various senior roles prior to this.

Rodney Chase, Chairman of Genel Energy, said:

"I am delighted to welcome Chakib to the Genel Energy board. Having worked at the highest levels of the oil sector for over thirty years, Chakib has an exceptional understanding of the industry and, combined with his deep understanding of the North Africa and Middle East region, he will bring a wealth of knowledge and expertise to the board. We look forward to working with him as Genel Energy consolidates its position as a leading oil and gas player in the region."

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