Ithaca hires new president and CEO following Eni-Daily Business merger

Ithaca Energy, the independent North Sea oil and gas operator, has announced a number of changes to its board and management team following its merger with Eni’s upstream assets.

Gilad Myerson steps down as executive chairman and is replaced by Dave Blackwood who will become interim non-executive chairman, followed by the proposed appointment Yaniv Friedman to the position of executive chairman after meeting all formal conditions for his appointment.

Luciano Vasques is appointed CEO following the completion of the Eni merger. Iain Lewis will return to his role as CFO after serving as interim CEO.

Odin Estensen is appointed chief operating officer and Zvika Zivlin becomes senior independent director.

The company announced first quarter adjusted EBITDAX of $339.0 million (Q1 2023: $518.1 million) and statutory net income of $42.7 million (Q1 2023: $158.4 million ).

It said the Rosebank development project was “progressing as planned, in line with its multi-year development schedule”.