Business
Directorate Change - EnQuest New Energy Leadership
Directorate Change - EnQuest New Energy Leadership.
About this update from Enquest Plc
[{"type":"text","content":"\n\nEnQuest PLC 7 December 2023\n \nDirectorate Changes - EnQuest New Energy Leadership\n \nEnQuest 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. \n \nSalman will remain an Executive Director of the Board of EnQuest, ensuring ongoing alignment with EnQuest's corporate strategy and net zero commitment.\n \nThe 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.\n \nAmjad Bseisu, Chief Executive:\n\"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.\n \n\"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.\"\n \nGareth Penny, Chairman:\n\"Following the anno...