Tullow Oil PLC (TLW)

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Sell: 12.64p|Buy: 12.78p|Change: 0.70 (5.76%)

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Tullow Oil names industry veteran Ian Perks as chief executive officer

(Alliance News) - Tullow Oil PLC on Friday named Ian Perks as its new chief executive officer, to join the board on September 15.

The oil and gas producer in Ghana and the Ivory Coast said current chief financial officer and interim CEO Richard Miller will return to his role as CFO.

Perks has 30 years of experience in the upstream oil and gas sector. He was previously the senior vice president for Mozambique liquified natural gas at Anadarko Petroleum Corp and later TotalEnergies SE. He also led divisions of BG Group PLC, and was the president of BG Tunisia.

"My near term priority will be to work with Richard, the Tullow team and our stakeholders to put the company on a long-term sustainable financial footing," said incoming CEO Perks.

"We will then have an opportunity to grow the company across Africa, leveraging our current assets and reputation on the continent of Africa to add value for our stakeholders."

Tullow Oil Chair Phuthuma Nhleko said: "I am delighted to welcome Ian to Tullow as CEO. He brings a wealth of industry and African knowledge and experience and has a track record of successfully managing large multi-stakeholder businesses and projects."

Shares in Tullow Oil were up 5.0% at 10.67 pence in London on Friday morning.

By Michael Hennessey, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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