New Karoon CEO to take over in late November

October 26, 2020, by Nermina Kulovic

Australian oil and gas player Karoon Energy has appointed Dr Julian Fowles its as Chief Executive Officer and Managing Director.

FPSO Cidade de Itajaí , operating on the Bauna field. Source: Karoon

Karoon announced the resignation of its CEO and MD Robert Hosking at the end of July 2020 with effect from Karoon’s annual general meeting.

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Karoon said on Monday that Dr Fowles will start with Karoon immediately following the conclusion of Karoon’s annual general meeting on 27 November 2020.

Karoon Chairman, Bruce Phillips, said: “After an extensive and rigorous global search process, we are delighted Dr Fowles has agreed to join Karoon as its new Chief Executive Officer and Managing Director.

“Julian is a highly experienced petroleum industry executive who has had a successful international career with Shell International, Cairn Energy, Petra Energia and Oil Search. Julian’s deep upstream experience in international leadership roles, including CEO experience in Brazil, and company building success will be of great benefit to Karoon as it transitions from a pure exploration company into a profitable E&P entity”.

Dr Julian Fowles, Karoon’s new CEO; Source: Energy Council

Dr Julian Fowles said: “I am looking forward to the opportunity to lead Karoon Energy at this exciting time for the company as it seeks to consolidate the acquisition of the Baúna asset and in the next phase of its growth as a substantial oil and gas production company”.

Dr Fowles started his career with Shell International where he spent 17 years working in global assignments, including 5 years as the Exploration and New Ventures Manager in Shell Brazil.

He is an experienced petroleum industry professional with over 30 years in broad international leadership roles, including with Cairn India, Petra Energia (a successful US$ 1 billion+ E&P private enterprise in Brazil), and Oil Search where he led the PNG operated and non-operated oil and LNG production and development businesses.

Dr Fowles will relinquish the two non-executive director positions he currently holds in other ASX-listed companies to concentrate on his new role at Karoon.