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LONDON - Tullow Oil PLC (LSE:LON:TLW), an independent energy company focused on African oil and gas development, has announced the appointment of Richard Miller as its Interim Chief Executive Officer (CEO) and Chief Financial Officer (CFO), effective from February 14, 2025. The outgoing CEO, Rahul Dhir, will step down from the Board on the same date but will remain available to the company until the end of his notice period on June 5, 2025, to ensure a smooth transition.
Phuthuma Nhleko, Non-Executive Chairman of Tullow, expressed gratitude to Dhir for his contributions and welcomed Miller, stating that the interim appointment would allow Tullow to maintain focus on its near-term objectives while the search for a permanent CEO continues. The company has committed to providing updates on the CEO search process in due course.
Dhir, in his parting comments, reflected on his tenure with pride, highlighting Tullow’s strong position in Africa and improved financial standing as a foundation for future growth.
Tullow, which operates in countries such as Ghana, Gabon, Côte d’Ivoire, and Kenya, has pledged to achieve Net Zero on its Scope 1 and 2 emissions by 2030. The company emphasizes a Shared Prosperity strategy, aiming to deliver socio-economic benefits in its host nations.
Details regarding Dhir’s remuneration will be disclosed in Tullow’s annual report for the year ending December 31, 2025, and will be made available on the company’s website in accordance with the Companies Act 2006.
This leadership transition comes at a time when the energy sector is navigating a complex landscape of climate commitments and the pursuit of sustainable operations. Tullow’s focus on responsible development in Africa positions it as a key player in the region’s energy industry.
The information regarding this management change is based on a press release statement issued by Tullow Oil PLC.
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