Kistos, the low carbon intensity energy producer pursuing a strategy to acquire assets with a role in energy transition is pleased to announce that Peter Mann and Richard Slape are being appointed to the board of directors with immediate effect. Peter Mann is appointed as Chief Executive Officer and Richard Slape as Chief Financial Officer of the Company.

Following these additions to the Board, Andrew Austin, founder of Kistos, revert to his previous role as Executive Chairman (in place of the current Interim Chairman Richard Benmore) and will step down as Interim CEO. Richard Benmore will re-assume his role as a Non-Executive Director of the Company alongside Julie Barlow and Alan Booth.

Peter Mann was CEO and Managing Director of RockRose from 2017 until 2021 following five years in the UK onshore oil and gas industry. During this period, Peter was responsible for business strategy and implementing a restructuring strategy in the difficult oil price environment at the time. Prior to joining the oil and gas industry, Peter's career included various management roles. He also served in the British Army for six years.

Richard Slape was CFO of RockRose from 2019 until 2021. Richard has over 30 years of experience working with oil and gas exploration and production companies. He spent much of his career working in equity capital markets but also held roles at Rockhopper Exploration and Lansdowne Oil & Gas, where he was a director.

Commenting, Andrew Austin, Kistos' Interim CEO, said:
"I am pleased to announce that Peter and Richard have agreed to join the Kistos plc Board as CEO and CFO respectively. Their appointments will allow me to resume my previous role of Executive Chairman and I want to thank Richard Benmore for acting as Interim Independent Non-Executive Chairman over the last five months. As a team, we will continue to evaluate opportunities to grow the business while adding value for Kistos' shareholders."

KeyFacts Energy: Kistos UK country profile