GED Global Energy

 

TIDMGED 
 
RNS Number : 6802J 
Global Energy Development PLC 
06 April 2010 
 

For Immediate Release 
                                     6 April 2010 
 
 
                          GLOBAL ENERGY DEVELOPMENT PLC 
                                (the "Company") 
 
                     APPOINTMENT OF CHIEF FINANCIAL OFFICER 
 
 
Global Energy Development PLC, the Latin America focused petroleum exploration 
and production company (LSE-AIM: "GED"), is pleased to announce the appointment 
of Mr. Patrick Garo as Chief Financial Officer ("CFO").  He will join the 
Company's senior management team, just below Board level, with effect from 26 
April 2010. 
 
Mr. Garo, aged 45, has direct Latin America oil and gas experience having worked 
for 10 years with Perenco, a large independent oil and gas company with 
operations in Latin America among other areas, and total production of 
approximately 250,000 barrels of oil equivalent per day ("boepd"). 
 
Mr. Garo, a French citizen, is fluent in English and Spanish having lived in 
Latin America for eight years while with Perenco.  Between 1998 and 2004 he 
managed Perenco's finance function across Colombia, Venezuela and Ecuador and 
was subsequently appointed General Manager of Perenco Colombia Limited in 2004, 
becoming responsible for the entire Colombian operations.  During this time he 
not only oversaw the finance function but also led all the dealings with the 
appropriate government agencies.   From 2006 to 2008, he was Chief Financial 
Officer for the whole Perenco Group, being based out of London and focusing on 
financing projects in addition to other finance duties. 
 
Most recently, Mr. Garo was Group Financial Controller of Sodexo, an 
international food and facilities management services company operating in 80 
countries with turnover of EUREUR14.7 billion for the fiscal year 2009. 
 
Mr. Garo holds a diploma from IEP Paris and a Master of International Relations 
from Université Libre de Bruxelles. 
 
Commenting on Mr. Garo's appointment, Mikel Faulkner, Chairman, said: 
 
"Patrick is an invaluable addition to the Company, especially as Global has now 
commenced executing its Three Year Plan and his extensive expertise will help 
support these significant growth plans. 
 
"Patrick's direct previous experience in running finance functions in Latin 
America and his strong links to the Colombian oil industry will greatly benefit 
the Company.  Through being based in the London office he will also be charged 
with helping to develop the Company's corporate strategy and assisting in any 
corporate activity." 
 
For further information: 
 
Global Energy Development PLC 
 
+---------------------------------------+--------------------+ 
| Catherine Miles, Company Secretary    | +44 (0)20 7228     | 
|                                       | 4266               | 
+---------------------------------------+--------------------+ 
| www.globalenergyplc.com               | +44 (0)7909918034  | 
+---------------------------------------+--------------------+ 
 
Matrix Corporate Capital LLP 
+---------------------------------------+--------------------+ 
| Alastair Stratton                     | +44 (0)20 3206     | 
|                                       | 7204               | 
+---------------------------------------+--------------------+ 
| Tim Graham                            | +44 (0)20 3206     | 
|                                       | 7206               | 
+---------------------------------------+--------------------+ 
 
 
Notes to Editors: 
 
The Company's shares have been traded on AIM, a market operated by the London 
Stock Exchange, since March 2002 (LSE-AIM: "GED").  The Company's balanced 
portfolio covers the countries of Colombia, Peru and Panama and comprises a base 
of production, developmental drilling and workover opportunities and several 
high-potential exploration projects.  The Company currently holds seven 
contracts: five in Colombia; one in Peru; and one in Panama. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 BOAEASLFEAFEEFF 
 

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