The Board of Directors of Petro Matad announced the appointments of Enkhmaa Davaanyam as non-executive, non-independent chairperson and Ridvan Karpuz as CEO of the company. Davaanyam’s appointment is effective 1 August 2015 and Karpuz’s appointment becomes effective mid-September 2015.
Davaanyam was previously a non-executive director of Petro Matad and has agreed to take on the role of chairperson. As a non-executive director, she was instrumental in concluding the recently announced farmout agreement with BG Group. Davaanyam is currently the CEO of Petrovis Group, Mongolia’s largest fuel supplier. With Davaanyam’s appointment as chairperson, Oyungerel Janchiv relinquishes her acting chairperson position, but remains on the Board as a non-executive director.
Photo courtesy of Petro Matad Limited
Prior to his appointment as CEO, Karpuz was previously a non-executive director for the company and prior to this he was executive director (Exploration) for the company.
