Gulf Keystone names COO Gerstenlauer as acting CEO

Gulf Keystone Petroleum (GUKYF +12.6%) COO John Gerstenlauer will take over the company until a permanent replacement is found following the retirement of the CEO earlier this week, according to a letter to shareholders.

Gulf Keystone shares have surged ~40% since Wednesday when the Kurdistan-focused company said CEO Todd Kozel was resigning after shareholders had expressed concerns over executive pay.

A statement from the Kurdistan government that it had won a court ruling in Baghdad over oil exports also may be helping to lift shares.

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Comments (1)
  • haytham
    , contributor
    Comments (3) | Send Message
    i beleive this company at those levels is a strong buy.
    30 Jun 2014, 02:44 AM Reply Like
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