REG - Tullow Oil PLC - Update on Chief Executive Officer Transition

Tullow OilAnnouncement

04/02/2025 07:15

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RNS Number : 7231V  Tullow Oil PLC  04 February 2025

Directorate Change

Update on Chief Executive Officer Transition

4 February 2025 - Further to the announcement on 5 December 2024 of Rahul
Dhir's departure as Chief Executive Officer (CEO), Tullow Oil plc (Tullow)
today confirms the appointment of Richard Miller as Interim Chief Executive
Officer and Chief Financial Officer, effective on 14 February 2025.  Rahul
will step down from the Board on 14 February 2025, however, to ensure a smooth
transition, Rahul will be available to the business until his notice period
ends on 5 June 2025. The process to find a new permanent CEO is progressing
well and the Board will provide further updates in due course.

Phuthuma Nhleko, Non-Executive Chairman, commented today:

"Once again, I would like to thank Rahul for his hard work and dedication to
Tullow and we wish him every success in the future. He will forever be a
friend of Tullow. The appointment of Richard on an interim basis allows Tullow
to focus on the delivery of its near-term objectives and effect a smooth
transition to a full time CEO in due course."

Rahul Dhir, Chief Executive Officer, commented today:

"It's been a privilege to serve Tullow and work with so many talented
colleagues. With a strong pan-African platform and an improving balance sheet,
Tullow is well-positioned as a trusted partner and responsible operator in
Africa to deliver the next phase of growth."

 CONTACTS
 Tullow Investor Relations                    Camarco (Media)

                                            (+44 20 3757 4980)
 ir@tullowoil.com (mailto:ir@tullowoil.com)

                                            Billy Clegg
 Matthew Evans

                                            Georgia Edmonds
 Rob Hayward

                                              Rebecca Waterworth

 

Notes to editors

Tullow is an independent energy company that is building a better future
through responsible oil and gas development in Africa. The Company's
operations are focused on its West-African producing assets in Ghana, Gabon
and Côte d'Ivoire, alongside a material discovered resource base in Kenya.
Tullow is committed to becoming Net Zero on its Scope 1 and 2 emissions by
2030 and has a Shared Prosperity strategy that delivers lasting socio-economic
benefits for its host nations. The Group is quoted on the London and Ghana
stock exchanges (symbol: TLW).For further information, please refer to our
website at www.tullowoil.com (http://www.tullowoil.com/) .

 

Follow Tullow on:

Twitter: www.twitter.com/TullowOilplc (http://www.twitter.com/TullowOilplc)

LinkedIn: www.linkedin.com/company/Tullow-Oil
(http://www.linkedin.com/company/Tullow-Oil)

 

ADDITIONAL INFORMATION

Details of the remuneration payments to be made to Mr Dhir will be included
in the annual report and accounts in respect of the year ended 31 December
2025 to be published in 2026 and, in accordance with s430(2B) Companies Act
2006, will be made available on Tullow's website at the relevant time
(www.tullowoil.com (http://www.tullowoil.com/) ).

 

 

 

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