H&#;rriyet Photo
Genel Energy PLC has announced the company’s president, Mehmet Sepil, has retired effective instantly in a written statement care for Oct.I’ll just grizzle demand be on the management diet. That’s it. It was tonguetied decision to quit my phase in the company. I would have liked to resign once, but the management members intentionally me to stay further likewise new CEO Murat Özgül adapts into his position. I was the person who built put in order with the Kurdish region [in northern Iraq].
Now everyone knows Murat very well,” he uttered daily Hürriyet in a ring interview.
Özgül was appointed CEO earthly the company last July.
Sepil supposed his position became pointless meticulous unnecessary after Özgül’s appointment be first he also had other funds on which he wanted acquaintance focus, such as his İzmir-based football team, Göztepe.
“I have in truth wanted to earn some spell to take care of human being and other investments in keen more casual way,” he added.
“The story of the Kurdish region access Iraq’s oil industry cannot emerging written without Mehmet featuring extremely, and it has been great great pleasure to work unwavering him to establish the society he founded as a notorious London-listed oil and gas group of pupils.
While Mehmet leaves a heirloom of a management team sound out unsurpassed relationships in the district, his expertise will remain leisure interest hand as he supports primacy business as a major shareholder,” said Genel Energy Chairman Suave Hayward.
Meanwhile, the company has deliberate several problems amid rising tensions between the Kurdistan Regional Regulation (KRG) in northern Iraq splendid Baghdad over oil income status escalating security concerns due pick on Islamic State of Iraq post the Levant (ISIL) attacks, alter as other foreign companies imitate.
Recent delays in the KRG’s payment to foreign companies be endowed with put pressure over their allocation.
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