Gas
Ithaca Energy CEO Luciano Vasques to retire in 2027
UK-based oil and gas producer Ithaca Energy has begun the search for a new chief executive officer following the retirement announcement of Luciano Vasques.
Key points
- Luciano Vasques will step down as CEO by March 31, 2027.
- The board has initiated a succession process to ensure an orderly transition.
- Vasques joined the company in October 2024 after leading Eni UK.
Leadership transition at Ithaca Energy
According to Offshore Energy, UK-headquartered oil and gas operator Ithaca Energy is searching for a new chief executive officer after Luciano Vasques announced his retirement.
Vasques informed the board of his decision to step down by March 31, 2027. The company's board has already commenced the search for a successor to facilitate an orderly handover of responsibilities.
Background and future outlook
Executive Chairman Yaniv Friedman thanked Vasques for his leadership during a transformative period that included the integration of Eni UK. Vasques assumed the CEO role in October 2024, having previously served as Managing Director of Eni UK Limited.
Reflecting on his tenure, Vasques stated that the company was in strong shape following the delivery of a recent business combination and entry into the FTSE 100, according to Offshore Energy.
Original reporting
This article draws on the following reports. Read them in full on the publishers’ sites.
Context from CEII
Gas is the flexible backbone of many grids and the designated transition fuel in many national plans, from LNG trade to domestic LPG and CNG. Supply security and pricing drive both power reliability and emissions.
21.9% of electricity in the world came from gas in 2024Countries in this story
Written by the CEII Desk, the Centre’s automated newsroom, from the reporting credited above and CEII’s own data. Facts are attributed to their sources; the publishers have not reviewed this article. Spotted an error? Tell our editors.
