Gulf Keystone Petroleum confirmed finance director Ewen Ainsworth will leave the firm “to pursue other interests” after six years of service.
Ainsworth will officially leave his post tomorrow with a contractual payment of £90,000 for his six month notice period and an additional lump sum payment of £150,000.
Gulf Keystone’s chairman Simon Murray said: “Over his six years with Gulf Keystone Ewen has played a key role in the company’s growth and we thank him for his dedication. Now, with our main market move and recent $250million bond financing behind us this is a good time to make a transition.”
The firm, which is focused on exploration and production in the Kurdistan Region of Iraq, is searching for a permanent replacement. Mary Hood, the company’s financial controller, will serve as acting chief financial officer in the interim.
Gulf Keystone’s chief executive Todd Kozel added: “Ewen was instrumental in securing the financing for the initial exploration activities which ultimately resulted in the Shaikan discovery. More recently, Ewen helped build the financial infrastructure to support the company’s transition from an exploration company to a production company, and to obtain the financing required to fund Gulf Keystone’s future development plans.”
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