Leadership for EOL's next Era
Energy One Limited (“The Company”) announces that the current Chief Executive Officer, Mr
Shaun Ankers, has informed the Board of Directors of his intention to retire by age 60, at the end of
calendar 2026 (i.e. in approximately 15-18 months).
Mr Ankers is providing an extended notice period to enable the Company to conduct an effective,
orderly and extended transition to a new CEO. During this time, Mr Ankers will remain fully
engaged and will support the leadership team throughout the transition.
The Company is already well-managed and increasingly diversified, talent-wise, having invested in
building capability throughout the organisation to support our global ambitions. This has included
appointing new C-Level roles, strong managers and implementing a global matrix-type
organisation structure, ongoing empowerment of local business units, investing in improved
corporate systems and in best-practice operational methods. The Company operates with an
Executive and Country Leadership Team distributed globally, reducing key person risk and
empowering autonomy for long-term growth.
Accordingly, the Company is well-placed to prepare for the next phase of its growth, capitalising
upon its current strong position, health, and opportunity.
The Board has commenced a process to appoint a new Chief Executive Officer with a mandate to
continue our trajectory of growth and has engaged Riverstone Associates to lead an international
search for a high-calibre leader who will enhance and accelerate Energy One’s growth strategy.
We expect the search will take several months. Mr Ankers will participate in the selection process
with other Board members and will continue to remain on the Board when the new CEO is
selected.
The extended transition and handover will ensure the leadership change is appropriately
supported, with no disruption to the Company’s strategic focus or momentum.
Mr Ankers commented; “Strategic initiatives tend to operate best in multi-year phases. We have
explained that our current strategic mission is well underway (i.e. the globalisation pivot, ~2 years
in) and we are reaping the benefits. Our trajectory for the current horizon is one of growth and
operational leverage. This remains true.
The Company is in the best shape it has ever been in. It is a wonderful collection of high-quality
people, great products and services, definable and sustainable competitive advantages, and a
global, once-in-a-generation structural tail wind.
The next phase for the Company is about stepping up from being an effective global operator to
becoming a global powerhouse. It is an exciting time, and one that I believe is best led by the next
chapter of leadership. With a highly capable Executive team already in place, we are well
positioned to appoint a CEO who will bring fresh energy and vision to take full advantage of the
opportunities ahead.
I look forward to working with the new CEO to help them fine-tune their strategy and mission to
build upon what we have achieved thus far and help to set them up to achieve maximum success.
For me personally, it has been a privilege to have been part of building the business to where it is
today. Stepping aside to pursue other interests is only possible because we have a well-managed,
thoughtful succession and transition process in place. Until then, I remain fully committed to
delivering on our current initiatives, including driving both organic and inorganic growth and
expansion.”
Andrew Bonwick, EOL Chairman commented; “We anticipate releasing the full year result on
August 20. The result will be consistent with the trajectory and medium term target we outlined in
February and will provide a good platform for the new CEO. Shaun Ankers has led Energy One for
15 years, and we all are looking forward to the next 15 years of the EOL journey.
