Repsol appoints Nicolas Foucart as the new CEO of its business in the United Kingdom

He replaces José Luis Muñoz, who has been appointed director of Mergers and Acquisitions (M

MADRID, 1 Sep. (EUROPA PRESS) -

Nicolas Foucart has been appointed as the new Chief Executive Officer (CEO) of Repsol Sinopec Resources UK, the joint venture in the United Kingdom between the Spanish oil company and Addax Petroleum UK, a subsidiary of the Chinese Sinopec.

Foucart replaces José Luis Muñoz, who has held the position since April 2020, and who is moving to Spain after being appointed director of Mergers and Acquisitions (M

At the end of last July, Repsol approved changes in its Executive Committee to face the new stage of growth and transformation of the company, in line with its 2021-2025 strategic plan.

Among these changes was the appointment of Francisco Gea, until then director of M

For his part, Foucart joined Repsol Sinopec in August 2018, although he has spent practically his entire career at Repsol, and recently became Director of Operations at the subsidiary.

The new head of Repsol Sinopec UK, who speaks French, English, Spanish and Dutch, pointed out that this is "an interesting time to be part of the energy sector" and was "excited to have the opportunity to lead Repsol Sinopec through of the challenges and opportunities that lie ahead.

"Our goal is to deliver consistent results in relation to our corporate strategy, which focuses on safe and sustainable oil and gas production, efficient decommissioning and energy transition. For us, energy transition means reducing emissions and achieving the 'Net Zero', while also contributing to the UK's domestic energy supply," he said.

In addition, Foucart highlighted that Muñoz joined the company as CEO at the beginning of the Covid-19 pandemic and "successfully led the organization in a time of uncertainty, while laying the foundations of its strategy."

Repsol and Sinopec have this alliance in the United Kingdom, as well as another joint venture in Brazil. This company in the United Kingdom emerged with the acquisition, in 2015, by Repsol, of the global assets of the former Talisman Energy, including its 51% stake in the capital of the joint venture, previously called Talisman Sinopec Energy UK .