Gulf Keystone unveils new CEO

Jón Ferrier has been appointed as new chief executive of Gulf Keystone Petroleum, the oil explorer said.

In a short statement released on Friday, the group confirmed that John Gerstenlauer retired from his position as chief, as previously announced on 1 June, and will step down as a director of the company at the next annual general meeting.

Gulf Keystone shares were flat at 35.00p at 09:00 on Friday.