Energy firm names Patrick Allman-Ward as its new group chief executive officer
Dana Gas Co, the UAE energy firm that restructured a $920m Islamic bond in April, named Patrick Allman-Ward, the general manager of its Egyptian operations, as its new group chief executive, Dana said in a statement on Tuesday.
Allman-Ward, who joined Dana in 2012 from Royal Dutch Shell , has played a key role in developing the firm's Egyptian operations, including increasing production and developing new business opportunties, Dana said.
His appointment is effective September 1, 2013.
Allman-Ward replaces Rashid Saif AlJarwan, who was the interim CEO for the company over the past year after the retirement of chief executive Ahmed al-Arbeed, Dana said.For all the latest energy and oil news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
The best thing that could be done with Dana Gas is to liquidate it and pay all loans and return share holders money back if any are left . This PSC was badly managed from day one when share prices were flactuating in the ADX .