Press release
Senior Independent Director
Appointment
Ithaca Energy plc, ("Ithaca Energy"
or the "Company"), a leading independent oil and gas operator in
the North Sea is pleased to announce the appointment of Zvika
Zivlin as Senior Independent Director, following the announcement
on 2 April 2024 of John Mogford's intention to formally step down
from the role. Zvika Zivlin will step into the role with
immediate effect and will stand for election at the Company's
upcoming Annual General Meeting to be held on 24 June
2024.
Zvika brings a wealth of board
experience, currently holding the position of non-executive
director of Afcon Holdings Ltd, a Tel Aviv Stock Exchange listed
infrastructure, technology, and construction group, and having
previously held the position of non-executive director, over a
five-year tenure, for London Stock Exchange listed 888 plc,
including roles as chair of the Remuneration Committee and member
of the Audit, Nominations and Compliance committees.
Zvika is the Founder and Managing
Partner of Tulip Capital Partners, Wells Fargo's former exclusive
Israeli partner firm, with deep experience in cross border
transactions across a variety of sectors including energy and
infrastructure. Zvika also currently acts as advisory Board member
of Infinidat Limited, a data storage company. Zvika has previously
served as Senior Advisor to Mediobanca and Strategic Partner to
Alias Tech Investments (venture capital fund sponsored by JB
Capital Markets of Javier Botin and Jose Miguel Garcia Venture
Capital).
Zvika will serve on Ithaca
Energy's Audit and Risk Committee; Health, Safety, Environment
and Security Committee; Nomination and Governance Committee and
Remuneration Committee.
The Ithaca Energy Board commented:
"We are delighted to welcome Zvika to the Ithaca Energy Board.
Zvika's considerable international finance and listed company
experience will be of significant value to the Board as we continue
our next phase of growth. We would like to take this opportunity to
again thank John Mogford for his contributions as Senior
Independent Director over the last one and half years since the
Company's IPO."
Enquiries
Note to editors:
About Ithaca Energy plc
Ithaca Energy is a leading UK
independent exploration and production company focused on the UK
North Sea with a strong track record of material value creation. In
recent years, the Company has been focused on growing its portfolio
of assets through both organic investment programmes and
acquisitions and has seen a period of significant M&A driven
growth centred upon two transformational acquisitions in recent
years. Today, Ithaca Energy is one of the largest independent oil
and gas companies in the United Kingdom Continental Shelf (the
"UKCS"), ranking second by resources.
With stakes in six of the ten
largest fields in the UKCS and two of UKCS's largest
pre-development fields, and with energy security currently being a
key focus of the UK Government, the Group believes it can utilise
its significant reserves and operational capabilities to play a key
role in delivering security of domestic energy supply from the
UKCS.
Ithaca Energy serves today's needs
for domestic energy through operating sustainably. The Group
achieves this by harnessing Ithaca Energy's deep operational
expertise and innovative minds to collectively challenge the norm,
continually seeking better ways to meet evolving
demands.
Ithaca Energy's commitment to
delivering attractive and sustainable returns is supported by a
well-defined emissions-reduction strategy with a target of
achieving net zero by 2040.
Ithaca Energy plc was admitted to
trading on the London Stock Exchange (LON: ITH) on 14 November
2022.
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