Energy Board Strengthens
First Energy Africa Oil Corp. Appoints Industry Veterans Akit and Kozak to Board
Anonymous
First Energy Africa Oil Corp. has added two seasoned industry veterans to its Board of Directors. Simon Akit and Frederick Kozak officially joined the board on July 13th, 2026, according to Cold Lake Sun.
The appointments signal a push to strengthen leadership as the company works to grow its resource portfolio across Africa. The corporation said it remains committed to "the highest standards of governance and sustainability" as it unlocks value from its assets.
Simon Akit Brings 25 Years of Capital Markets Expertise
Akit is a founder and managing partner of a resource advisory firm. He brings over 25 years of experience in Canadian and U.S. capital markets, according to Daily Herald Tribune. That experience covers raising money, deal-making, and guiding resource companies through complex financial decisions.
Before his capital markets career, Akit spent seven years working directly in engineering and operations in the resource industry. That hands-on background gives him a rare dual perspective — both on the ground and in the boardroom.
Frederick Kozak's Four Decades of Engineering Leadership
Kozak is a Professional Engineer certified by APEGA, the governing body for engineers and geoscientists in Alberta. He brings over 40 years of industry experience, reported The Whig. He currently sits on the boards of several public and private companies, making him a well-connected figure in the resource sector.
His deep technical background adds engineering credibility to First Energy Africa's leadership team. For a company focused on responsible resource development in Africa, having a licensed engineer at the board level is a key asset.
Board Expansion Tied to Governance and Growth Goals
First Energy Africa Oil Corp. framed the appointments as part of a broader commitment to strong oversight. The company said it aims to "responsibly unlock value" across its resource portfolio, according to Pembroke Observer. Adding two veterans with decades of combined experience fits that goal.
Both Akit and Kozak bring networks and knowledge that could help the company attract investment and navigate complex regulatory environments. The move suggests First Energy Africa is preparing for a more active phase of development across its African holdings.
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