Ithaca Energy CEO Vasques to retire by end of March 2027

Ithaca Energy's CEO, Luciano Vasques, has announced his retirement plans, stating that he will step down by the end of March 2027, according to a recent announcement from the North Sea oil and gas producer. The news comes weeks after Ithaca completed its acquisition of Eni UK and joined the FTSE 100 index.

In a statement to the board, Vasques informed them of his intention to retire by March 31, 2027. The board has since initiated a process to identify a successor and will provide further details on the appointment at a later date, ensuring a smooth transition of responsibilities.

Vasques cited the successful completion of the business combination, Ithaca's entry into the FTSE 100, and the establishment of a robust foundation for future growth as key factors leading to his decision to retire. He expressed satisfaction with the company's achievements and readiness for a smooth handover.

Executive Chairman Yaniv Friedman praised Vasques for his support during the transformative period for the company, particularly the integration of Eni UK. Friedman highlighted the development of a strong, shared culture that he and Vasques are proud of.