UK-headquartered oil & gas operator and producer Ithaca Energy is on the lookout for a new chief executive officer (CEO) as Luciano Vasques is set to leave the company next year.
Ithaca Energy reported today, October 16, that its current CEO, Luciano Vasques, had informed the board of his intention to retire from the company by March 31, 2027.
The board has already started the process of finding a successor, with a further announcement to be made in due course, allowing for an orderly transition of responsibilities.
“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,” Vasques said.
Vasques joined Ithaca Energy in October 2024 as CEO, after having held the role of Managing Director of Eni UK Limited and leading the acquisition and integration of Eni Energy UK, formerly Neptune Energy, into Eni UK’s operations. Prior to this, he held the role of Head of Central Asia for Eni S.p.A., overseeing interests in the Kashagan and Karachaganak oil & gas fields.
Yaniv Friedman, Executive Chairman, said: “I would like to share my thanks to Luciano for his support during what has been a transformational time for the Company, including the successful integration of Eni UK. Together, we have built a combined culture we can all be proud of. I know I speak for everyone in wishing him the very best for a long, happy and well-deserved retirement.”