EnQuest plc’s non-executive chairman Martin Houston is to step down to focus on his other business interests.
Mr Houston, who has held the post since 1 October 2019, will leave once the company finds a successor.
EnQuest said that under Mr Houston’s leadership, the company made good progress against its strategic objectives, particularly with year-end net debt reduced to $1,222.0 million, its lowest level since 2014.
The company also made three acquisitions and improvements in governance, including recruiting several new non-executive directors, bringing greater diversity of gender, background and skills.