First Energy Africa Oil Corp. ("First Energy Africa" or the "Corporation"), a Calgary-based energy company, announced the appointment of Simon Akit and Frederick Kozak to its Board of Directors, effective July 13, 2026. The new directors bring a combined 60 years of experience in capital markets and the resource industry, signaling the company's commitment to enhancing its strategic oversight and governance.
Simon Akit, founder and managing partner of a resource advisory firm, has over 25 years of experience in Canadian and U.S. capital markets and seven years in engineering and operations. He has held senior roles at Ventum Financial and Canaccord Genuity, raising over $5 billion in equity and debt financing for resource companies from institutional investors across North America, Europe, and Asia. He holds an MBA from the Rotman School of Management and is a Professional Engineer (APEGA).
Frederick Kozak, a former oil and gas research analyst at Canaccord Genuity, brings more than 40 years of experience with a focus on Africa and South America. He holds an MBA from the Ivey School of Business and is a Professional Engineer (APEGA) with Lifetime status in Alberta. Kozak currently serves on the boards of one public and one private company.
"Simon and Fred are bringing complementary technical and capital markets seniority required for our complex business. We are confident their contributions will set the right approach on our strategic priorities," said Jeff Ruskowsky, President of First Energy Africa. The appointments underscore the company's focus on high standards of governance and sustainability as it pursues exploration and block acquisitions in sub-Saharan Africa.
First Energy Africa Oil Corp. is a privately held Canadian corporation headquartered in Calgary, Alberta, dedicated to responsibly unlocking value across its resource portfolio.
