Directorate Change
No summary for this filing – the full text is below.
Select text to share a quote on X · sign in to keep highlights & notes in your PHAR notes
Pharos Energy plc, an independent energy company, announces that CEO Jann Brown has informed the Board of her intention to retire and step down from the Board effective 30 April 2024. The search for a replacement CEO will commence shortly and Jann has agreed to stay in her position as CEO to effect a managed and smooth transition.
John Martin, Chair, commented:
"I would like to take this opportunity to thank Jann for her significant contribution to Pharos over the years. Since the events of Covid-19 rocked the energy markets, Jann has overseen a dramatic stabilisation of the Company, a significant reduction in debt levels, a substantial increase in free cash flow generation and a return to shareholder distributions. Jann will be leaving the Company in a strong position, both financially and operationally. On behalf of the entire Board, we wish Jann well in her retirement.
"A process to appoint a successor will commence shortly."
The Company confirms that there are no additional matters requiring disclosure under LR 9.6.13 of the Listing Rules.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.