Karoon Energy (ASX:KAR) announced a shift in its executive ranks, appointing Eric Williams as Executive Vice President and CFO, and Mark Mick as Executive Vice President and Chief Commercial and Technical Officer.
Effective March 23, the strategic hires signal a deliberate consolidation of the company’s leadership core at its corporate headquarters in Houston, aimed at streamlining operations and reducing time-zone friction between global teams.
Williams, a seasoned finance professional with over 15 years of oil and gas experience, succeeds Ray Church, who has held the CFO mantle for more than four years.
Williams' background includes a formative tenure at PwC and significant leadership roles at NYSE-listed Callon Petroleum.
Joining him is Mick, who assumed his role on March 5, taking over responsibilities previously split between Roland Hamp and Stephen Power.
Both executives will report directly to Karoon’s CEO and Managing Director, Carri Lockhart.
Lockhart emphasised that the appointments followed "two rigorous search processes," noting that the Houston-based roles are vital for improving collaboration between corporate and operational arms.
While the executive leadership refreshes in Texas, Karoon confirmed that its legal and investor relations teams will remain in Australia to support its primary shareholder base.
To ensure a smooth transition, outgoing CFO Ray Church will remain with the company until September, while Hamp continues to oversee the Baúna FPSO operatorship transition through June.
At the time of reporting, Karoon Energy's share price was $2.00.