Murat Özgül, the incoming chief executive of the oil producer, was issued with a penalty for more than £100,000 in 2010
Oil producer Genel Energy has launched a boardroom shake-up, appointing an executive who was fined more than £100,000 by the former City regulator for market abuse five years ago to run the company.
Murat Özgül, who ran the company’s operations in Turkey and Kurdistan, has taken over as chief executive. He replaces Tony Hayward, the former BP boss, who moves upstairs to chairman following the resignation on Sunday of Rodney Chase.