Energy One Plans CEO Transition with 15-Month Notice and Global Search

Leadership Transition Announced

Energy One Limited (ASX – EOL) has revealed that its long-serving Chief Executive Officer, Shaun Ankers, plans to retire by the end of calendar year 2026. This announcement comes with an unusually extended notice period of approximately 15 to 18 months, allowing for a carefully managed and orderly transition to new leadership.

Mr Ankers, who has helmed the company for 15 years, will remain fully engaged throughout this period, supporting the leadership team and participating in the selection of his successor. He will also continue as a board member after stepping down as CEO, ensuring continuity and strategic alignment.

A Company Poised for Growth

The company emphasized its robust position, citing a diversified and empowered global leadership structure that reduces key person risk. Over recent years, Energy One has invested heavily in building capability across its executive ranks, including new C-level appointments and a matrix organizational structure that fosters autonomy among local business units.

These initiatives underpin Energy One’s ambition to evolve from an effective global operator into a global powerhouse. The current strategic mission, focused on globalisation and operational leverage, is reportedly well underway, with the company reaping tangible benefits.

Search for a New CEO Underway

The Board has engaged Riverstone Associates to lead an international search for a high-calibre CEO who can accelerate Energy One’s growth trajectory. The process is expected to take several months, with the goal of appointing a leader who brings fresh energy and vision to the company’s next phase.

Chairman Andrew Bonwick highlighted that the upcoming full-year results, due August 20, will reflect the company’s consistent growth path and provide a solid foundation for the incoming CEO. The leadership change is designed to be seamless, ensuring no disruption to strategic momentum.

Looking Ahead

Mr Ankers expressed confidence in the company’s future, describing Energy One as a "wonderful collection of high-quality people, great products and services, and sustainable competitive advantages." He views the transition as an opportunity to hand over the reins to a leader capable of fully capitalizing on the company’s global structural tailwinds.

As Energy One prepares for this pivotal leadership change, investors and stakeholders will be watching closely to see how the new CEO shapes the company’s next chapter of growth and innovation.