News Column

Gulf Keystone Has Candidates To Replace Finance Director Ewen Ainsworth

June 16, 2014

Steve McGrath

LONDON (Alliance News) - Gulf Keystone Petroleum Ltd Monday said it has already identified potential candidates to succeed Finance Director Ewen Ainsworth, who will leave the company to pursue other interests on June 17.

"Over his six years with Gulf Keystone, Ewen has played a key role in the company's growth and we thank him for his dedication. Now, with our main market move and recent USD250 million bond financing behind us this is a good time to make a transition," Chairman Simon Murray said in a statement.

"Ewen was instrumental in securing the financing for the initial exploration activities which ultimately resulted in the Shaikan discovery. More recently, Ewen helped build the financial infrastructure to support the company's transition from an exploration company to a production company, and to obtain the financing required to fund Gulf Keystone's future development plans," Chief Executive Todd Kozel added.

The company said that while it concludes its search for a replacement, Financial Controller May Hood will serve as acting CFO.

Gulf Keystone shares were up 0.8% at 82.13 pence Monday morning.

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Source: Alliance News

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