Gasol Names New Finance Director

Gasol appointed Patrick Garo as Finance Director with effect from 1 July, 2014.

Patrick joins the main Board of Gasol from Lynx Energy, a trading company with downstream assets in the Democratic Republic of the Congo, where he was Chief Financial Officer. Prior to that, he was Chief Financial Officer at Rialto Energy Limited (now named Azonto Petroleum Limited) and was part of the team that listed the company on AIM in April 2012 and raised $68 million.

Patrick has extensive experience in the oil and gas industries, having served as Group Chief Financial Officer at Perenco, a leading independent E&P company, and also as Country Manager of Perenco’s Columbian operations. Patrick spent over 10 years as part of the management team that built up Perenco’s business to become one of the largest European E&P companies, with production of over 200,000 barrels of oil per day.

Patrick graduated from the Institut d’Etudes Politiques in Paris majoring in Economics and Finance and holds a Master’s degree in International Relations. He initially trained with Ernst & Young as a Senior Auditor in Paris.

Commenting on his appointment, Alan Buxton, Gasol’s Chief Operating Officer, said: “Gasol is progressing into the next phase of its development and now needs a full time Finance Director. We have taken our time to find the best fit for the Company and are delighted to welcome Patrick, with his extensive skill-set, whom we believe will further strengthen the management team. He ticks all the boxes in terms of his oil & gas experience, his accounting background, his experience at Perenco and Rialto Energy and his being trilingual.”

Patrick Garo said: “I am delighted to be joining Gasol at this stage of its growth and look forward to delivering on raising finance for its projects in Africa and the Mediterranean. Gasol has started to develop a real niche in the market, in gas to power projects, and I am excited to be joining the management team to implement the strategy further.”