PIRA Energy Group, a leader in global energy market analysis, announced today that Gemma Postlethwaite, the company's current COO, will assume the role of Chief Executive Officer effective immediately. Dr. Gary N. Ross, PIRA's founder and current CEO, will become Executive Chairman and will continue to lead the company's oil group.
"Since Gemma came on board as COO in early 2014, she has had a transformational impact on the business," said Dr. Ross. "She has a keen sense of how clients' needs are changing and how best to address those needs. In a short period of time, we've rebuilt our online platform and created a roadmap for better delivering data and analysis to more types of energy professionals. With Gemma onboard and with our newly expanded management team, the future is extremely bright for PIRA and its clients. I am now able to focus primarily on making our oil group and its products even stronger."
Dr. Ross built PIRA to help clients understand the entire energy market through rigorous fundamentals analysis. Today, PIRA has grown into one of the world's leading energy analysis companies, covering all energy commodity areas. Its "total view of the energy market" takes a bottom-up, fundamentals analysis of supply and demand as well as a top-down macroeconomic approach. PIRA's team of experts and comprehensive data tools serve a full range of worldwide clients, from upstream to downstream companies, physical players to investors, government to private entities, and those focused on the short term to those that need long-term perspectives.
"As PIRA approaches its 40th year of operations, I am thrilled to move into this new role," said Ms. Postlethwaite, who over her 15-year career has held leadership positions at major information-services companies. "Gary's vision and passion for the business have made PIRA the leader in our industry and an invaluable source of information and advice to our clients. I firmly believe no other entity understands the complexities of this market better than the incredible team of experts at PIRA.
At a time when our clients face very volatile market conditions, we are renewing our commitment to them — the commitment to provide the most expert, objective and integrated analysis of worldwide energy markets. We take this commitment seriously. It shapes the way we work every single day. I am excited to share what's coming next with our clients."
