Ithaca Energy CEO Luciano Vasques to Step Down by the End of March

Ithaca Energy CEO Luciano Vasques Announces Departure After Leading the Company Since October 2024, With Successor Search Underway

Ithaca Energy PLC has announced that Chief Executive Officer Luciano Vasques has decided to leave the company by the end of March. The UK-focused offshore oil and gas exploration and production company has initiated the process of identifying his successor and said it will provide a further update in due course.

Vasques has served as CEO of Ithaca Energy since October 2024. During his tenure, the company completed a business combination, entered the FTSE 100 index and established a platform to support its future growth.

Announcing his departure, Vasques said he believes the company is in a strong position following these milestones and that the timing is right for him to retire and hand over leadership. He also expressed his commitment to supporting an orderly transition and said he looks forward to seeing the company continue to thrive.

Ithaca Energy has not yet announced a successor. The company is expected to provide further details about its leadership transition once the appointment process progresses.

The departure marks a leadership change for Ithaca Energy as it moves forward following significant corporate developments and prepares for its next phase of growth.