Pharos Energy PLC has announced the appointment of Katherine Roe as the new Chief Executive Officer (CEO) and Mohamed Sayed as the Chief Operating Officer (COO). Katherine Roe brings over 20 years of corporate, industry, and capital markets experience, having most recently served as the CEO of Wentworth Resources plc. During her tenure at Wentworth, she successfully increased production and secured future re-investment, ultimately overseeing the company's sale to Maurel et Prom. Katherine will also serve as a member of the board of directors and the ESG Committee of the Board at Pharos.
Jann Brown, who has been serving as CEO pending the appointment of a permanent successor, will continue at Pharos for a brief transition period to support Katherine's initial service with the Company. In connection with her appointment, Katherine Roe will be awarded nil-cost options over 2,934,899 ordinary shares of the Company under the Long Term Incentive Plan, subject to certain performance conditions and a subsequent two-year holding period.
In addition to the CEO appointment, Mohamed Sayed has been appointed as the new Chief Operating Officer. Mohamed has been with Pharos since 2019 and has played a significant role in the company's technical operations, including collaborating with the team in Vietnam to restart investment in TGT and CNV and leading the team responsible for delivery of the Third Amendment to the El Fayum Concession in Egypt.
John Martin, Chair of Pharos Energy, expressed his delight at the appointments, highlighting Katherine's experience and the value she brings to the company, as well as Mohamed's instrumental role in the company's operations in Vietnam and Egypt. Pharos Energy plc is an independent energy company listed on the London Stock Exchange, with a focus on sustainable growth and returns to stakeholders.