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Ithaca Energy CEO Luciano Vasques to step down - Finance news and analysis from Global Banking & Finance Review
Finance

Ithaca Energy CEO Luciano Vasques to step down

Published by Global Banking & Finance Review

Posted on October 16, 2026

1 min read

· Last updated: October 16, 2026

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Ithaca Energy CEO Luciano Vasques to Retire After Leading Major Expansion

Leadership Transition and Company Growth

Retirement Announcement

Oct 16 (Reuters) - Oil and gas producer Ithaca Energy on Friday said that CEO Luciano Vasques intends to retire by March 31, 2027.

Succession Planning

Board's Search for New CEO

• The company said that the board has commenced the search for a successor

Vasques' Tenure and Achievements

Appointment and Background

Leadership After Eni UK Acquisition

• Vasques, formerly Eni UK managing director, was appointed to lead the combined group after Ithaca bought all of Eni's UK oil and gas producing assets in 2024

Business Expansion

Major Acquisitions and Portfolio Growth

• In his three years, he led the group through the business combination with Eni UK and through multiple acquisitions to expand its portfolio

Share Performance

Market Value Increase

• Under Vasques' tenure, shares of the company have nearly tripled in value

(Reporting by Simone Lobo in Bengaluru; Editing by Mrigank Dhaniwala)

Key Takeaways

  • Luciano Vasques, previously Managing Director of Eni UK, became Ithaca Energy CEO upon completion of the Eni UK business combination in 2024 (ithacaenergy.com).
  • Under Vasques’ leadership, Ithaca executed significant acquisitions—culminating in the Eni UK integration—and nearly tripled its share value during his three‑year tenure (ithacaenergy.com).
  • The board has initiated a formal process to identify a successor ahead of Vasques’ planned retirement by March 31, 2027, ensuring continuity for ongoing growth and strategic execution (find-and-update.company-information.service.gov.uk)

References

Frequently Asked Questions

When will Luciano Vasques step down as CEO of Ithaca Energy?
Luciano Vasques intends to retire by March 31, 2027.
Who is searching for Luciano Vasques' successor at Ithaca Energy?
The board of Ithaca Energy has commenced the search for a successor.
What significant company changes occurred under Vasques' leadership?
Vasques led Ithaca Energy through the business combination with Eni UK and multiple portfolio-expanding acquisitions.
How did Ithaca Energy shares perform under Luciano Vasques?
Shares of Ithaca Energy nearly tripled in value during Vasques' tenure.
When was Luciano Vasques appointed CEO of Ithaca Energy?
Luciano Vasques became CEO after Ithaca acquired Eni's UK oil and gas producing assets in 2024.

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