Dubai: After a protracted search, ADX-listed Dana Gas has confirmed its new CEO - Richard Hall – who will take on the role from November 6.
He is joining the UAE energy firm from EnQuest, where he spent the last three years as Chief Operating Officer and as Managing Director in Malaysia. That apart, Hall had held senior positions with a private equity backed service company with operations in the Kurdistan Region of Iraq. He was based in Dubai during the time.
Hall will take over from Dr. Patrick Allman-Ward, who had during his stint gotten the company into a solid footing, operationally and on the financial side.
"Our industry is undergoing significant growth and evolution, and I look forward to working collaboratively with our talented professionals under the auspices of the company’s board to drive innovation, sustainability, and value creation for our stakeholders," said Hall in a statement.
Dana Gas, which has operations in Egypt and the Kurdistan Region of Iraq, had been reporting a solid set of financials on the back of higher energy prices. "We are are confident that his (Hall's) broad and extensive international experience will prove to be an asset for our organization... and has the qualifications and skill sets that are needed to drive Dana Gas forward and implement its next phase of development," said Hamid Jafar, Chairman of the the company.
Dana Gas, one of the listed UAE firms that allows 100 per cent foreign ownership, is trading at Dh0.90 (the 52-week range has been Dh0.75-Dh1.02). It was April 2022 that Dr. Allman-Ward confirmed he's stepping down as CEO but was actively involved in the search for the successor.