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 appointments bring over 60 years of combined capital markets and resource industry expertise, underscoring the company's commitment to strong governance and strategic growth.
Simon Akit, founder and managing partner of a resource advisory firm, brings more than 25 years of experience in Canadian and U.S. capital markets, coupled with seven years of engineering and operations experience in the resource industry. He has held senior roles at Ventum Financial and Canaccord Genuity, among others, and has raised over $5 billion in equity and debt financing for resource companies from institutional investors across North America, Europe, and Asia. Akit holds an MBA from the Rotman School of Management at the University of Toronto, is a Professional Engineer (APEGA), and serves on several public and private company boards.
Frederick Kozak, a former Canaccord Genuity oil and gas research analyst and award-winning financial analyst, brings 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, is a Professional Engineer (APEGA) with Lifetime status in Alberta, and 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 reflect the corporation's dedication to upholding the highest standards of governance and sustainability as it continues to responsibly unlock value across its resource portfolio in sub-Saharan Africa.
