Genel Energy's president retires
Mehmet Sepil has retired from his role as president of Genel Energy, the exploring company confirmed on Wednesday.
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Sepil, who founded the company and was its chief executive until it merged with Vallares in 2011, said he would retire with immediate effect.
“Mehmet leaves a legacy of a management team with unsurpassed relationships in the region, his expertise will remain on hand as he supports the business as a major shareholder," said group chairman Tony Hayward.
Genel shares were down 1.43% to 345.00p at 0902 BST on Wednesday.