IOG plc announced that after nearly five years in the role, Andrew Hockey has informed the Board of his intention to retire as CEO with immediate effect. The Board of IOG recognises the significant contribution that Andrew has made over his tenure at the Company. Andrew has agreed to remain with IOG as an advisor to the Board in order to leverage his deep Southern North Sea (SNS) geological, commercial and regulatory expertise in particular to support IOG's participation in the recently announced 33rd UK Offshore Licensing Round.

The Board confirmed that Rupert Newall will step up to become the new CEO. Having led its restructuring and farm-out to CalEnergy Resources (UK) Limited (CER) in 2019, and then joined as CFO, Rupert has played an instrumental role in IOG's progress to becoming a UK gas producer.