Ithaca Energy CEO Luciano Vasques to depart by end of March

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Ithaca Energy PLC on Friday said Chief Executive Officer Luciano Vasques has decided to leave the company by the end of March.

The offshore UK-focused oil exploration and producer said it has started the process to find a successor and will make a new announcement in due course.

Vasques has served as CEO of Ithaca Energy since October 2024.

Outgoing CEO Vasques said: "Following successful delivery of the business combination, our entry into the FTSE 100 and the establishment of a strong platform for future growth, I believe the company is in excellent shape and that now is the right time for me to retire and hand over the reins. I look forward to supporting an orderly transition and watching Ithaca continue to thrive."

Ithaca Energy shares were 0.8% higher at 293.80 pence each on Friday morning in London.

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