Prospex Energy (PXEN) has confirmed the appointment of Tom Reynolds as a director and Chief Executive Officer with immediate effect, further to its announcement on 6 January 2026.
Meanwhile, Mark Routh has retired as a director and will remain available to support a smooth and orderly transition over the next three months.
The AIM quoted investment company is focused on European gas and power projects.
Prospex’s Non-Executive Chair William Smith said: “I would like to thank Mark for his significant contribution to the Company and, in particular, for his achievements in diversifying the Company's asset base over his tenure. On behalf of the Board, I wish him the best for the future. We welcome Tom Reynolds to Prospex. He brings a value and investment focused approach to the Company, and I am confident in his ability to deliver value to shareholders going forward. ”
Prospex’s CEO Tom Reynolds said: “Since my appointment was announced in early January, I have spent significant time with the Prospex team, and I have been consistently impressed by the team's high technical standards and professionalism. Initially, my priority will be to work with the team and our partners to build an asset by asset plan with the objective of growing value. I look forward to engaging with Prospex stakeholders as the Board, team and I develop this plan over the coming months, building on the existing solid foundation.”
View from Vox
A planned handover with a three month transition window should help keep momentum across Prospex’s portfolio while the new CEO sets priorities. Going forward, investors are likely to focus on what “asset by asset” planning means in practice, including specific milestones and timelines that can evidence progress on value creation.