After more than 14 years at the helm, Ian Davies has decided to step down as Chief Executive Officer of Queensland-based natural gas producer Senex Energy.
Mr Davies has led Senex as CEO since 2010, navigating the business through significant growth and transformation to become a material east coast natural gas producer. Following the investment go-ahead for Senex’s more than $1 billion Surat Basin natural gas expansion program, Mr Davies said it was the right time to embark on his next chapter.
“I am incredibly proud of Senex’s achievements and my role in those as CEO, from building the business as a small oil explorer in the Cooper Basin with one employee to a critical east coast natural gas producer with hundreds of employees, supporting some of Australia’s largest manufacturing customers,” Mr Davies said.
“Leading Senex for the past 14 years has been the greatest of honours, and it has been an enormous privilege to work alongside such a talented team of dedicated people.
“Senex is in the best position it has ever been with a clear runway and incredibly bright future.”
Mr Davies will hand over the CEO reins to Senex Chief Operating Officer Darren Stevenson in late 2024.
“I am especially pleased to be able to pass on the role of CEO to my long-time operations chief, Darren Stevenson,” Mr Davies said.
“Darren has held a variety of senior project development and operations roles within Senex over the last 12 years and is the right leader for Senex’s next stage of growth.
“My focus now is on ensuring a seamless transition to Darren who is expertly placed to drive Senex’s expansion projects forward, with new natural gas supply well on track for delivery to Australian manufacturers and households from late 2025.”
Senex Energy Chairman Professor Ian Plimer said:
“Ian has demonstrated outstanding leadership and vision through more than a decade of challenging market cycles and unprecedented gas market intervention, navigating Senex to grow and succeed,” Professor Plimer said.
“He has passionately advocated for Australia’s natural gas industry and its role in ensuring reliable energy and national security for Australia and its allies.
“I sincerely thank Ian for his dedication and leadership and wish him the very best for the future.
“Senex’s shareholders continue to see immense growth potential in Senex and remain resolutely committed to investing in the Australian energy landscape.
“Further, the Board is committed to a smooth transition and supporting Darren in his new role as Senex CEO and congratulate Darren on his appointment.”
ENDS
