Star Energy Group PLC has announced the appointment of Ross Glover as the new Chief Executive Officer (CEO), with plans to appoint him to the Board of Directors following the Annual General Meeting (AGM) on 12 June 2024. Chris Hopkinson, the current CEO, will step down from his position and the Board with immediate effect. The Board acknowledged Hopkinson's significant contributions during his tenure, including navigating internal reorganization, increasing sustainable production in conventional oil and gas activities, and positioning the company for the Energy Transition.
Hopkinson will not stand for re-election at the upcoming AGM, and the resolution to re-elect him as a Director has been withdrawn. The withdrawal of the resolution does not impact the validity of the AGM notice, proxy form, or any proxy votes already submitted on other proposed resolutions. Following a successful €25 million refinancing in April 2024, the company is entering a new phase, focusing on improving efficiency and profitability in the oil and gas business while actively repurposing assets for the energy transition. Star Energy is well-positioned to capitalize on geothermal growth opportunities in the UK and Croatia.
Non-executive Chairman, Philip Jackson, expressed gratitude for Hopkinson's contributions and welcomed Ross Glover to the new role, emphasizing his commitment to growing the company's profitability and successful transition. Hopkinson, in turn, expressed pride in the changes achieved during his tenure and confidence in Glover's ability to continue the company's progress. Ross Glover, aged 49, currently holds 168,922 ordinary shares in Star Energy Group plc and has been a director of several energy-related companies.
For further information, interested parties can contact Star Energy Group plc or its appointed financial advisors.