Ithaca Energy CEO Luciano Vasques to step down

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

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

• 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

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

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

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