Karoon Energy Ltd. announced the appointment of Eric Williams as Chief Financial Officer (CFO), effective from March 23, 2026. Eric succeeds Ray Church, who has served in the role for more than 4.5 years. Eric brings to Karoon more than 15 years of oil and gas industry experience in small and mid-cap listed companies.
He has a strong track record of driving financial discipline and shareholder value, underpinned by robust financial systems and processes, and in raising capital. Eric commenced his career as an auditor at PwC, before moving to corporates, where he has held various audit, financial reporting, controller and investor relations roles. Eric?s first oil and gas industry exposure was at NYSE-listed Callon Petroleum, where he led the company?s financial reporting and investor relations functions.
Over his tenure, Callon?s market capitalisation increased from USD 40 million to USD 3500 million. He subsequently joined then AIM-listed Diversified Energy as CFO, where he played a significant role in transitioning the company to a premium LSE-listing and driving growth, with revenue increasing from USD 20 million in 2017 to USD 1900 million in 2022. Prior to joining Karoon, Eric worked as CFO at NYSE-listed Sunnova Energy, a renewables company.
During his tenure at Sunnova, he reshaped the finance team and raised more than USD 1000 million in financing. Eric holds a Bachelor?s in Accounting from Samford University, a Master?s in Accounting from the University of Alabama and is a Certified Public Accountant. Ray Church will remain a Karoon employee until September 2026 and will be available to assist with a smooth transition, as required.
