REG - Pharos Energy PLC - Directorate Change

Pharos EnergyAnnouncement

22/05/2025 14:15

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RNS Number : 8391J  Pharos Energy PLC  22 May 2025

 

Pharos Energy plc

("Pharos" or the "Company" or, together with its subsidiaries, the "Group")

Directorate change

 

Pharos Energy plc, an independent energy company, announces that John Martin,
Non-Executive Chair, has informed the Board of his intention to stand down
from the Board of Directors of Pharos after many years of service. The search
for a new Chair will commence immediately and John has agreed to remain Chair
and on the Board until an appointment has been made.

 

John initially joined Pharos as a non-executive director in 2018 and stepped
up to the role of Chair in March 2020. During his tenure, John helped guide
the Company through the challenging Covid years, marked by declining oil
prices, oversaw the subsequent transformation of the balance sheet, the Board
and most recently built the refreshed executive team to support Pharos in its
next stage of growth.

 

John Martin, Chair, commented:

"After many years on the Board, I have decided now is the right time for me to
stand down, effective upon the appointment of a suitable candidate. I have
thoroughly enjoyed working with the Pharos team over the years and will be
handing over a company in a much stronger strategic and financial position to
my successor."

 

Katherine Roe, CEO, said:

 

"On behalf of everyone at Pharos, I would like to thank John for his many
years of service. John has been a delight to work with, providing a positive
sounding board for me since I joined as CEO last year and will be leaving the
business well positioned for future growth."

 

 

 

 

 

 

 

 

 

 

 

Enquiries

 

 

Pharos Energy plc
 
Tel: 020 7747 2000

Katherine Roe, Chief Executive Officer

Sue Rivett, Chief Financial Officer

 

Camarco
 
Tel: 020 3757 4980

Billy Clegg | Georgia Edmonds | Violet Wilson | Tamsin Howard

 

Notes to editors

Pharos Energy plc is an independent energy company focused on delivering
sustainable growth and returns to stakeholders, with a portfolio of stable
production, development and exploration assets in Vietnam and Egypt. Led by an
experienced team, Pharos is a cash generative business with a robust balance
sheet and an established platform to deliver both organic growth and inorganic
opportunities.

 

Pharos is listed on the Main Market of the London Stock Exchange. For further
information please visit www.pharos.energy.

 

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