Tellurian CEO steps down (updated)
18/03/2024 10:29
(Adds details in paragraphs 3-6)
March 18 (Reuters) - Tellurian TELL.A said on Monday
Octávio Simões has resigned as chief executive officer of the
LNG developer, a fortnight after it said it would not renew or
extend his employment term beyond June 5.
Simões, who resigned on March 15, has transitioned to an
advisory role and will report to the president of the company.
Samik Mukherjee, executive vice president of Driftwood
Assets, has been appointed as president of Tellurian
Investments.
The change is the latest in the executive reshuffle at
Tellurian. Late last year, it ousted chairman and co-founder,
Charif Souki, amid its efforts to keep its Driftwood liquefied
natural gas (LNG) export project alive.
Tellurian has spent nearly seven years advancing its
still-incomplete Driftwood LNG export plant.
The company also said it could sell up to $366.1 million
shares from time to time with distribution agency Virtu
Americas.
(Reporting by Mrinalika Roy in Bengaluru and Seher Dareen in
Bengaluru; Editing by Shilpi Majumdar)
((mrinalika.roy@thomsonreuters.com;))