Merger: Ithaca expected to complete its £754m deal for Eni’s UK oil and gas production assets within weeks
Ithaca Energy has reshuffled its leadership team as it moves forward with a deal to buy the UK assets of Italian oil major Eni.
Luciano Vasques, CEO of Eni UK, will join the North Sea giant as CEO once the merger is complete.
Vasques will take the role left by Alan Bruce, who retired from the FTSE 250 group in January. Gilad Myerson, who oversaw eight deals during his five years in the role, has stepped down as chief executive.
He has been replaced by Dave Blackwood on an interim basis ahead of the formal appointment of Yaniv Friedman, who used to run Tel Aviv-listed Modiin Energy.
Ithaca is expected to complete its £754m deal for Eni’s UK oil and gas production assets within weeks.
The move will mean it will also take control of Neptune Energy, a major North Sea player acquired by Eni earlier this year. Ithaca Share gained 2.6 per cent to 116.8 pence.
