Exclusive: Genel Chairman Tony Hayward to step down next year - sources



Tony Hayward, the former BP boss, is set to step down next year as chairman of Genel Energy, which he founded in 2011 and became the biggest oil and gas producer in Iraqi Kurdistan, three sources close to the company said.
Today, Genel is struggling with a drop in oil prices, regional conflict and a large reserves downgrade.
The 59-year-old, whose tenure at BP ended abruptly following the deadly 2010 Deepwater Horizon Gulf of Mexico spill, has in recent weeks said in closed discussions he plans to quit his post in the second half of next year, the three sources said.
A company spokesman... read more

 
29 September 2016 in Business, Views: 34
Source: Reuters
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