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03 Jun 2019 | 09:42

Gulf Keystone's CFO Sami Zouari to step down

Gulf Keystone said Sami Zouari, Chief Financial Officer, would be stepping down during the second half of the year, and would leave the business by early December. Mr Zouari, who would leave the business by no later than 2 December, had been CFO of GKP since January 2015 overseeing both financial and commercial activities in the company, the company said. 'Since joining, he has played a key role in the strategic turnaround of the business, in particular leading the 2016 implementation of a new capital structure, materially strengthening the Company's balance sheet and bringing about a significant debt reduction,' it added. A leading search firm would be appointed to find Mr Zouari's successor and the process was expected to be concluded over the coming months.

At 9:42am: (LON:GKP) Gulf Keystone Petroleum share price was -2.75p at 226.25p

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