Business
CEO takes up post
Prospex Energy PLC confirms the immediate appointment of Tom Reynolds as director and Chief Executive Officer, succeeding Mark Routh who has retired but will assist with the transition over the next three months. Reynolds, who was announced as CEO in early January, aims to build an asset-by-asset plan focused on growing value and will engage with stakeholders to develop this strategy. The company is an AIM-quoted investment firm concentrating on European gas and power projects. Disclaimer*
About this update from Prospex Energy Plc
[{"type":"text","content":"\n\nProspex Energy PLC / Index: AIM / Epic: PXEN / Sector: Oil and Gas\n \n \n2 February 2026\n \nProspex Energy PLC\n(\"Prospex\" or the \"Company\")\n \nSenior Management Changes: CEO takes up post\n \nFurther to the 6 January 2026 RNS, Prospex Energy PLC (AIM: PXEN), the AIM-quoted investment company focused on European gas and power projects, confirms the appointment of Tom Reynolds as director and Chief Executive Officer with immediate effect.\n \nMark Routh has retired as a director and will remain available to support a smooth and orderly transition over the next three months.\n \nWilliam Smith, Non-Executive Chair of Prospex, commented:\n\"I would like to thank Mark for his significant contribution to the Company and, in particular, for his achievements in diversifying the Company's asset base over his tenure. On behalf of the Board, I wish him the best for the future. We welcome Tom Reynolds to Prospex. He brings a value and investment focused approach to the Company, and I am confident in his ability to deliver value to shareholders going forward. \"\n \nTom Reynolds, CEO said:\n\"Since my appointment was announced in early January, I have spent significant time with the Prospex team, and I have been consistently impressed by the team's high technical standards and professionalism. Initially, my priority will be to work with the team and our partners to build an asset by asset plan with the objective of growing value. I look forward to engaging with Prospex stakeholders as the Board, team and I develop this plan over the coming months, building on the existing solid foundation.\"\n \nThis announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\") and is disclosed in accordance with the Company's obligations under Article 17 of MAR.\n \n \n* * ENDS * *\n \nFor further information visit www.prospex.energy or contact the following:\n \n\n\n\n\nTom Reynolds\n\n\nProspex Energy PLC\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\nRitchie Balmer\nRory Murphy\n\n\nStrand Hanson Limited\n\n\nTel: +44 (0) 20 7409 3494\n\n\n\n\nAndrew Monk (Corporate Broking)...