Sir Graham Hearne to leave Genel

Genel Energy has informed that Sir Graham Hearne has indicated his intention to retire from the Board of Genel Energy at the 2016 AGM.

In addition Genel Energy has today appointed Simon Lockett as an independent non -executive director with immediate effect. He will also become a member of the Remuneration and HSSE Committees of the Board.

According to Genel, Lockett has significant knowledge and experience of the oil sector including as CEO for the last 9 years of his 20 year career at Premier Oil, an independent exploration and production company.

Prior to his appointment as CEO, Lockett held various senior roles within the group including that of operations director.

Tony Hayward, Chairman of Genel Energy, said: “I would like to take this opportunity to thank Graham for his valuable contribution in the establishment of Genel Energy as a respected London-listed company. It has been a great pleasure working with him, and on behalf of the Board I would like to express my thanks for his support during his time with the Company. I am also delighted to welcome Simon to the Genel Energy Board. Having worked at the highest levels of the oil sector for over 20 years, Simon has a deep understanding of the industry and will bring a wealth of knowledge and expertise to the board.”