Former BP chief Tony Hayward has been appointed as Genel Energy's (GENL) chairman after Rodney Chase tendered his resignation. Murat Ozgul - who heads up Genel's operations in Kurdistan - will take on Mr Hayward's role as chief executive. The move has ruffled some feathers due to Mr Hayward's existing chairmanship of FTSE 100 resource giant Glencore (GLEN).
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Mr Ozgul will initially be charged with reining in costs, as the oil producer waits on nearly $400m in delayed oil sales payments from the Kurdistan Regional Government.
