Genel Energy PLC (LSE:GENL, OTC:GEGYY) told investors it has appointed Luke Clements as chief financial officer with immediate effect.
Clements was already interim chief financial officer and joined the company in 2011. He was also previously Genel’s group financial controller.
“Luke is the ideal person to continue delivering the financial platform that facilitates our strategy, a strategy he has been integral in building, as we seek to utilise our growing financial strength to add production and further bolster our progressive dividend,” said Genel chair David McManus.
“Genel’s low-cost production generates significant cash flow, in turn supporting investment in growth and material shareholder returns, and we look forward to Luke playing a significant role as we continue to aim to create material value for shareholders.”