Genel Energy

Genel has announced that Chairman Steve  Whyte who announced that he was stepping down in April is to leave now, he will be replaced as interim Chairman by Senior Independent Non-Executive Director George Rose.

I know Steve Whyte very well and there is little doubt that he has done a ‘transformational’ turnaround job at Genel with particular respect to the Receivable Settlement Agreement which transformed Genel’s financial position.

Steve announced that he was stepping down in April and has decided that the end of 2019 is the right time to move on as plans are in place for a very exciting 2020. George Rose is an exceptional, highly experienced person to step in until a permanent replacement is found and the executive board is first rate, I expect next year to be very good for Genel.