Australia's Strike Energy rises on new CEO appointment

Capital

04/06/2025 02:19

** Shares of Strike Energy STX.AX rise 2.9% to A$0.175, their highest level since May 29

** Energy firm announces the appointment of Peter Stokes as CEO and managing director

** Stokes has over three decades of experience across the resources and logistics sectors and until recently was CEO of London-listed Capital Limited CAPD.L

** STX says Stokes' appointment will take effect on June 10, at which time the acting CEO will step down

** Stock down 16.7% YTD

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))