EnQuest PLC Directorate Change - EnQuest New Energy Leadership (9430V)
07 Dezember 2023 - 8:00AM
UK Regulatory
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RNS Number : 9430V
EnQuest PLC
07 December 2023
EnQuest PLC 7 December 2023
Directorate Changes - EnQuest New Energy Leadership
EnQuest PLC ('EnQuest' or the 'Company') today announces that
Salman Malik, Chief Financial Officer ('CFO') and Managing
Director, Infrastructure and New Energy, will assume the role of
Chief Executive Officer ('CEO') of Veri Energy ('Veri'), a wholly
owned subsidiary of EnQuest. Veri will be responsible for managing
the Company's existing infrastructure and new energy business with
a focused management structure. This is a logical next step in the
strategic evolution of EnQuest's ambitions to build an
infrastructure and new energy business in a capital-light manner,
while providing Veri the opportunity to leverage support from
financial and strategic partnerships.
Salman will remain an Executive Director of the Board of
EnQuest, ensuring ongoing alignment with EnQuest's corporate
strategy and net zero commitment.
The Group is delighted to announce the appointment of Jonathan
Copus, who will become EnQuest CFO on 1 February 2024. In the
interim, Salman and Jonathan will work together to undertake an
effective and orderly transition. Jonathan will be recommended for
election to the Board as an Executive Director at the Company's
2024 Annual General Meeting. Jonathan has a technical background in
geology and geoscience alongside ten years' capital markets
experience, four years as CFO of Salamander Energy PLC and for the
last seven years has been CEO of Getech Group PLC.
Amjad Bseisu, Chief Executive:
"Salman has been instrumental in progressing our decarbonisation
and new energy ambitions and has been integral to the Group's
successful debt refinancing activities. In his new role as CEO of
Veri, I look forward to working together with Salman as Chairman in
this important new growth area for the Group and I am excited about
the future of Veri Energy as a key contributor on our energy
transition path.
"Jonathan Copus brings considerable knowledge to EnQuest, with a
broad background in the energy and natural resource sectors built
through technical, finance, operational and commercial roles in
both large and small organisations. I am excited to welcome
Jonathan to EnQuest and look forward to working together to execute
our strategy."
Gareth Penny, Chairman:
"Following the announcement of our net zero commitment by 2040,
these strategic appointments and the establishment of Veri Energy
represent significant milestones in the Company's continued growth
and commitment to a just energy transition. I thank Salman for his
efforts in his time as CFO and look forward to continuing to work
with him as a valued member of the EnQuest Board of Directors. On
behalf of the Board, I am also delighted to welcome Jonathan to
EnQuest at this important time in the Company's journey."
Salman Malik, CEO of Veri Energy:
"I am proud that during my time as EnQuest's CFO we delivered
strong financial results, significantly delevered the balance sheet
and strengthened the capital structure. I am passionate about
energy transition and committed to establishing Veri as a leading
infrastructure and new energy company. Veri's initial focus will
remain on leveraging EnQuest's capabilities to progress world scale
decarbonisation and new energy projects, including carbon capture
and storage, green hydrogen, and electrification at the Sullom Voe
Terminal.
"I look forward to working with Jonathan as he transitions into
his role as EnQuest CFO and in delivering on our strategic
ambitions."
This announcement is made pursuant to paragraph 9.6.13R of the
Listing Rules of the UK Listing Authority ('UKLA'). There are no
other disclosures to be made pursuant to the paragraph 9.6.13R
(1)-(6) of the Listing Rules.
Ends
For further information please contact:
EnQuest PLC Tel: +44 (0)20 7925
4900
Amjad Bseisu (Chief Executive Officer)
Salman Malik (Chief Financial Officer)
Craig Baxter (Head of Investor Relations)
Teneo Tel: +44 (0)20 7353
4200
Martin Robinson
Martin Pengelley
Harry Cameron
Notes to editors
ENQUEST
EnQuest is providing creative solutions through the energy
transition. As an independent energy company with operations in the
UK North Sea and Malaysia, the Group's strategic vision is to be
the partner of choice for the responsible management of existing
energy assets, applying its core capabilities to create value
through the transition.
EnQuest PLC trades on both the London Stock Exchange and the
NASDAQ OMX Stockholm.
Please visit our website www.enquest.com for more information on our global operations.
Forward-looking statements: This announcement may contain
certain forward-looking statements with respect to EnQuest's
expectations and plans, strategy, management's objectives, future
performance, production, reserves, costs, revenues and other trend
information. These statements and forecasts involve risk and
uncertainty because they relate to events and depend upon
circumstances that may occur in the future. There are a number of
factors which could cause actual results or developments to differ
materially from those expressed or implied by these forward-looking
statements and forecasts. The statements have been made with
reference to forecast price changes, economic conditions and the
current regulatory environment. Nothing in this announcement should
be construed as a profit forecast. Past share performance cannot be
relied upon as a guide to future performance.
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