Gulf Keystone beefs up board under new shareholder structure

Gulf Keystone Petroleum has appointed two new board members following the completion of its debt-for-equity swap with bondholders, beefing up its leadership team as it shifts from survival to growth. The oil producer focussed on Iraqi Kurdistan has appointed industry veterans David H. Thomas and Garrett Soden as non-executive directors, it said on Thursday, at the same time as announcing the completion of a restructuring deal converting more than $500 million of debt into equity for bondholders.