The Board of Directors of i3 Energy Plc announced the appointment of Majid Shafiq as Chief Executive Officer (CEO). He will begin transitioning into the role with immediate effect. Neill Carson, who co-founded i3 will step down from the CEO role and remain with the company as a Non-executive Director.

Majid has been a Non-executive Director of i3 since July 2017 and has a combined 30 years of technical and investment banking experience. He started his career at Mobil Oil Corporation, where he worked for 13 years in various petroleum engineering and commercial roles in the UK and the Netherlands. He has since worked for advisory and investment banking firms focused exclusively on the oil and gas E&P sector, including Waterous and Co, Tristone Capital Limited, FirstEnergy Capital and Àrgentil Capital Partners.

John Woods, who has served with the company as Chief Development Officer since May 2016, will be appointed to the role of Chief Operating Officer with immediate effect.