First Energy Africa Oil Corp. ("First Energy Africa" or the "Corporation"), a Calgary-based energy corporation , announced today the appointment of Simon Akit and Frederick Kozak to its Board of Directors, effective July 13th, 2026. The new directors bring a combined 60 years of experience in capital markets and the resource industry, underscoring the Corporation's commitment to enhancing its governance and strategic capabilities as it pursues exploration and block acquisitions in sub-Saharan Africa.
Mr. Akit, founder and managing partner of a resource advisory firm, has over 25 years of experience in Canadian and U.S. capital markets, complemented by seven years of engineering and operations experience in the resource industry. He has held senior capital markets and leadership roles at Ventum Financial, Canaccord Genuity, among others, and has raised over $5 billion in equity and debt financing for resource companies from institutional investors across Canada, the United States, Europe, and Asia. Mr. Akit holds an MBA from the Rotman School of Management at the University of Toronto, is a Professional Engineer (APEGA), and currently serves on the boards of several public and private companies.
Mr. Kozak, a former Canaccord Genuity oil and gas research analyst, is an award-winning financial analyst and corporate executive with more than 40 years of experience in the resource and capital markets sector, with a focus on Africa and South America. He holds an MBA from the Ivey School of Business at the University of Western Ontario and is a Professional Engineer (APEGA) with Lifetime status in Alberta. Mr. Kozak currently serves on the boards of one public company 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, First Energy Africa. The appointments align with the Corporation's focus on upholding the highest standards of governance and sustainability while responsibly unlocking value across its resource portfolio.
