Azonto Petroleum Limited are delighted to announce that Gregory Stoupnitzky, previously Senior Independent Director, has been appointed as Head of Business Development. Mr Stoupnitzky will remain on the Board as an Executive Director.
Mr Stoupnitzky has extensive Investment Banking and Capital Markets experience, with a long track record in the natural resources and related sectors. During this time, he has held senior positions with Bear Stearns, Morgan Stanley and most recently with Renaissance Capital in London. Mr Stoupnitzky is a founder and Managing Partner of CIS Capital LLC, which provided advice to private equity funds and small caps in valuation, disposal or merger of oil and gas and power assets. During the course of his career, he has established an impressive track record of Emerging Markets transactions in geographies across Latin America, Russia and the CIS, and Sub-Saharan Africa. He is on the Board of Advisors for the School of International and Public Affairs at Columbia University. Recently, he has been a Board Member at Pace Financial services and a member of the Advisory Council for the Center for Energy, Marine Transportation and Public Policy at Columbia University and a Director of the US-Russia Business Council, in Washington DC.
Mr Andrew Rose, the Company’s London based Chief Financial Officer has been appointed to the Board as an Executive Director. Andrew's appointment is effective 3 March 2014.
Mr. Rose has extensive experience in the Oil & Gas industry having been CFO of both private and public E&P companies and prior to that enjoyed a successful career in Investment Banking. Andrew was previously CFO of AIM listed, MENA focussed, Gulfsands Petroleum. Prior to his role at Gulfsands, which he held for four years, Andrew was CFO of LSE listed Burren Energy from 2001 until 2008. During his time at Burren, Andrew was instrumental in the flotation (in 2003, at an implied valuation of around £175 million), the significant growth (which included the acquisition of assets in West Africa), through to Burren's eventual acquisition by Eni for £1.73 billion in 2008. Prior to joining Burren Energy, Mr. Rose spent over 20 years as an investment banker in London including being Co-Head of Corporate Finance for Emerging Europe, Middle East & Africa at Société Générale, as well as roles with ING Barings and JP Morgan. Mr Rose graduated from Cambridge University with a Bachelor of Engineering.
Mr Andrew Sinclair has been appointed Senior Independent Director of the Board.
Commenting on this announcement, Azonto’s Managing Director, Mr. Rob Shepherd said:
“These three appointments demonstrate the clear intent on our part to build Azonto from its current base and so I hope they are as well received by our shareholders as they are by myself and my colleagues. They are all highly talented and experienced individuals who will play key roles in helping realise our desire to create material shareholder value going forwards.”