Karoon Energy Ltd. announced a new and expanded position of Executive Vice President and President Karoon Brazil, reporting directly to the CEO and Managing Director, has been created. As a result of this, the current position of South America General Manager, currently held by Tim Hosking, will be absorbed into the new position with Tim departing the business at the end of March. A global executive search has been initiated to fill the new role. Tim's responsibilities will transition to Chief Operating Officer, Edward Munks, on an interim basis, ensuring continuity of Brazil management. James Wootton steps down from his current role as Head of Investor Relations at the end of March. Ann Diamant, previously the Senior Vice President (SVP) for Investor Relations at Oil Search, joins Karoon as a consultant in the new role of SVP Communications and Investor Relations from early April.