Brief: Tellurian to not extend CEO Octavio Simoes employment term

Tellurian

04/03/2024 12:25

March 4 (Reuters) - Tellurian Inc  TELL.A :
    * TELLURIAN INC: BOARD ELECTED NOT TO RENEW OR EXTEND TERM
OF
EMPLOYMENT AGREEMENT WITH OCTÁVIO SIMÕES, CEO BEYOND TERM ENDING
ON JUNE 5, 2024
    * TELLURIAN INC -  ON FEBRUARY 27 BOARD OF COMPANY APPOINTED
CHAIRMAN OF BOARD MARTIN HOUSTON TO POSITION OF EXECUTIVE
CHAIRMAN
    * TELLURIAN INC - WITH HELP OF LAZARD, WE AIM TO SELL
UPSTREAM
BUSINESS
    * TELLURIAN INC - EXPECT TO USE PROCEEDS FROM OUR UPSTREAM
SALE TO
REDUCE OUR INDEBTEDNESS
    * TELLURIAN INC - REMAIN STEADFAST IN  COMMITMENT TO
DEVELOPING
DRIFTWOOD LNG, WHICH WILL SUPPLY LOW-COST US-SOURCED LNG TO
GLOBAL MARKETS
    * TELLURIAN INC: FOR HAYNESVILLE AND BOSSIER ASSETS WE KNOW
FIRST-HAND THAT "THERE IS KEEN INTEREST FROM QUALITY BUYERS"

Source text for Eikon:  ID:n0001104659-24-030237 
Further company coverage:  TELL.A 

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