EnQuest announces new CEO for Veri Energy and new CFO for the Group
LONDON, UK: EnQuest PLC, an oil and gas company, has announced some changes in its senior management. Salman Malik, the current CFO and Managing Director of Infrastructure and New Energy, will become the CEO of Veri Energy, a subsidiary of EnQuest that will focus on developing the company’s infrastructure and new energy business.
Malik will also remain an Executive Director of the Board of EnQuest and align Veri’s strategy with EnQuest’s net zero commitment.
Jonathan Copus, a geologist and former CFO of Salamander Energy PLC, will join EnQuest as the new CFO on 1 February 2024. He will also be nominated for election to the Board as an Executive Director at the next Annual General Meeting. Copus has been the CEO of Getech Group PLC, a geoscience and geospatial company, for the last seven years. Malik and Copus will work together to ensure a smooth transition.
Amjad Bseisu, Chief Executive: “Salman has been instrumental in progressing our decarbonisation and new energy ambitions and has been integral to the Group’s successful debt refinancing activities. In his new role as CEO of Veri, I look forward to working together with Salman as Chairman in this important new growth area for the Group and I am excited about the future of Veri Energy as a key contributor on our energy transition path.
“Jonathan Copus brings considerable knowledge to EnQuest, with a broad background in the energy and natural resource sectors built through technical, finance, operational and commercial roles in both large and small organisations. I am excited to welcome Jonathan to EnQuest and look forward to working together to execute our strategy.”
Gareth Penny, Chairman: “Following the announcement of our net zero commitment by 2040, these strategic appointments and the establishment of Veri Energy represent significant milestones in the Company’s continued growth and commitment to a just energy transition. I thank Salman for his efforts in his time as CFO and look forward to continuing to work with him as a valued member of the EnQuest Board of Directors. On behalf of the Board, I am also delighted to welcome Jonathan to EnQuest at this important time in the Company’s journey.”
Salman Malik, CEO of Veri Energy: “I am proud that during my time as EnQuest’s CFO we delivered strong financial results, significantly delevered the balance sheet and strengthened the capital structure. I am passionate about energy transition and committed to establishing Veri as a leading infrastructure and new energy company. Veri’s initial focus will remain on leveraging EnQuest’s capabilities to progress world scale decarbonisation and new energy projects, including carbon capture and storage, green hydrogen, and electrification at the Sullom Voe Terminal.
“I look forward to working with Jonathan as he transitions into his role as EnQuest CFO and in delivering on our strategic ambitions.”
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