Cabot Energy Plc announced the following changes to the Board of Directors and Officers of the Company. Keith Bush, Chief Executive Officer, and Nicholas Morgan, Finance Director, have stepped down as Directors of the Company and will be leaving later in 2018. Scott Aitken, current CEO of High Power Petroleum, has been appointed as Chief Executive Officer of Cabot Energy but is not currently being appointed as a Director of the Company.

Current non-executive Director Petro Mychalkiw will assume the role of Chief Financial Officer. Current non-executive Director Campbell Airlie will take on the role of Chief Technical Officer and Paul Lafferty will remain President of Cabot Energy Inc. The Board also intends to appoint two new independent non-executive Directors as soon as possible with Chairman Jonathan Murphy and Senior Independent Director Iain Lanaghan retiring from the Company. Scott Aitken has more than 25 years' experience in the oil & gas exploration and production industry, including 15 years as CEO.

He is currently the CEO of High Power Petroleum LLC, which he co-founded alongside Campbell Airlie and Petro Mychalkiw in 2015 as the oil exploration and production subsidiary of pulse-power technology world leader, I-Pulse.