First Energy Africa Oil, a privately held Canadian energy corporation based in Calgary, has announced the appointment of Simon Akit and Frederick Kozak to its Board of Directors, effective July 7, 2026.
These appointments are aimed at strengthening the Corporation’s governance and strategic capabilities as it pursues exploration and block acquisition opportunities across Sub-Saharan Africa. Mr. Akit and Mr. Kozak bring more than six decades of combined experience spanning capital markets, engineering, corporate finance, oil and gas exploration, and project evaluation.
Mr. Akit contributes over 25 years of experience in Canadian and U.S. capital markets, alongside seven years of engineering and operations experience. Throughout his career, he has advised international energy companies on capital formation and investment strategy, with specific expertise in financing.
Mr. Akit holds an MBA from the Rotman School of Management at the University of Toronto and is a Professional Engineer (APEGA). He currently serves on the boards of several public and private companies.
Mr. Kozak, an award-winning financial and corporate planner, brings over 40 years of experience in the energy sector, including his tenure as an oil and gas research analyst at Canaccord Genuity. His background includes evaluating frontier exploration opportunities and working with companies in emerging energy jurisdictions.
Mr. Kozak 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. He currently serves on the boards of one public company and one private company.
Jeff Ruskowsky, President of First Energy Africa Oil, commented on the appointments, stating, “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.” He added, “Simon’s experience raising capital for projects and Fred’s deep understanding of the energy sector will be invaluable.”
First Energy Africa Oil is focused on identifying and developing high-potential energy opportunities while fostering long-term partnerships that support responsible resource development in sub-Saharan Africa.
