Pharos Energy plc announced the appointment of Katherine Roe as the Company's new Chief Executive Officer (CEO) with immediate effect. Katherine has over 20 years of senior corporate, industry and capital markets experience and most recently served as the CEO of Wentworth Resources plc (Wentworth), having been appointed to that role in 2019 after initially serving as Wentworth's Chief Financial Officer. During her time at Wentworth, Katherine successfully worked with the company's partners and government stakeholders to optimise the asset, materially increase production and secure future re-investment.

As a key strategic partner for host government, Wentworth balanced positive social, economic and environmental impact alongside tangible shareholder returns by way of both dividend and capital. These tangible returns were ultimately realised when, as CEO, Katherine negotiated and oversaw the successful sale of Wentworth by way of recommended cash offer to Maurel et Prom, which completed in December 2023. Prior to joining Wentworth, Katherine spent 11 years at Panmure Gordon & Co, where she headed up the Natural Resources team, with a principal focus on the oil and gas sector.

Katherine has experience across a number of international jurisdictions with exposure to emerging and development markets. On appointment, Katherine will serve as a member of the board of directors and the ESG Committee of the Board. Jann Brown, who retired from the Board on 30 April 2024 but has remained as CEO pending appointment of a permanent successor, has agreed to continue at Pharos for a brief transition period to support Katherine's initial service with the Company.