After nineteen years with the Lundin Group, Mike Nicholson, President has informed the International Petroleum Corporation Board of his intention to step down from his executive position at the end of 2023. William Lundin, currently Chief Operating Officer of IPC (COO), will assume the role of President from January 1, 2024 and Nicki Duncan, currently Group Operations Lead, will assume the role of COO. The Board intends to increase the size of the Board to seven members and William will join as a new Director as of January 1, 2024, with Mike remaining on the Board.