Genel Energy plc has announced that Julian Metherell has informed the board of his intention to retire from the company, with effect from the close of the Annual General Meeting on April 21, 2015.
Julian Metherell’s successor as Chief Financial Officer will be Ben Monaghan, who is currently the Head of Europe, Middle East and Africa oil and gas investment banking at J.P. Morgan.
According to the company, Monaghan has worked in the oil and gas team at J.P. Morgan for the last twenty years and has been involved in many of the “most significant mergers and acquisitions” and debt and equity capital raises in the sector over that time.
Ben Monaghan will join the company following a period of transition prior to Julian Metherell’s departure.
Rodney Chase, Chairman of Genel, said:
“Since Genel’s listing on the London Stock Exchange in 2011, Julian has played an integral role in unlocking the value of our world-class assets in the Kurdistan Region of Iraq. He leaves the Company with a robust balance sheet and the financial strength to prosper, and I would like to thank him for all of his hard work.
“Ben has exactly the experience and expertise to further this success, and the board looks forward to working with him as we continue to build on our position as a leading exploration and production company.”