The CEO of UK North Sea operator Ithaca Energy, Alan Bruce, has agreed with the board to step down with immediate effect to pursue new opportunities, the company said January 5. He had been in the post for two and a half years.
Until a replacement is installed, the CFO Iain Lewis will also act as interim CEO, alongside executive chairman Gilad Myerson, who thanked Mr Bruce and wished him well for the future.
Mr Bruce (below, courtesy Ithaca) said he was extremely proud that Ithaca has become one of the largest independent operators in the UK. He led the business through its successful IPO and was leaving it in a strong financial and strategic position, he said.
Ithaca’s future development projects include the approved Rosebank field and the wholly-owned Cambo field.