Kosmos Energy Ltd (NYSE:KOS) is seeing a mild gains in early morning session on Thursday.
Market Reaction:
As of 10.31, KOS stock moved up 1.52% to $3.33 with more than 913K shares, compared to its average volume of 6.63 million shares. The stock has moved within a range of $3.3100 – 3.3900 after opening the trade at $3.35.
Major Trigger:
Kosmos Energy Appoints Roy A. Franklin to Board of Directors
Key Highlights:
- announced today that Mr. Roy A. Franklin has joined its Board of Directors, effective June 9, 2021. Mr. Franklin is a senior executive with more than 45 years in the energy industry and extensive board experience in multiple companies both in the public and private sector.
- Mr. Franklin currently serves as Chairman of the international energy services group, John Wood Group PLC (“Wood”), and is also a member of the Advisory Board of Kerogen Capital LLC.
- In Mr. Franklin’s current role at Wood, he has overseen the company’s strategic positioning for the energy transition, broadening the company’s core activities from oilfield services to sustainable energy infrastructure, delivering solutions for a net-zero future. Wood is recognized as a sector leader in ESG matters with an AA rating from MSCI (Kosmos is also AA rated by MSCI) and Mr. Franklin’s experience in this area will be invaluable to Kosmos as it continues to navigate the energy transition.
- He was previously the Chairman of Premier Oil plc, a UK-based independent oil and gas exploration company, from 2017 until its acquisition in 2021, the Chairman of privately-held Energean Israel Ltd from 2017 to 2021, and the Deputy Chairman of Equinor A/S from 2015 until 2019.
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