logo
Plus   Neg
Share
Email

Tullow Oil CEO Paul McDade Resigns - Quick Facts

Tullow Oil plc (TLW.L) said that Paul McDade, Chief Executive Officer, and Angus McCoss, Exploration Director, have resigned from the Board of the company by mutual agreement and with immediate effect. The company said it has initiated a process to find a new Group Chief Executive.

The company noted that it has appointed Dorothy Thompson as Executive Chair on a temporary basis. Mark MacFarlane, Executive Vice-President, East Africa and Non-Operated, has been appointed as Chief Operating Officer in a non-Board role.

Les Wood continues as an Executive Director and Chief Financial Officer.


The Group expects 2019 full year net production to average 87,000 bopd.

The company anticipates 2020 Group production to be average between 70,000 and 80,000 bopd. Group production for the following three years is expected to average around 70,000 bopd.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Starbucks on Tuesday said it has closed more than half of its stores in China temporarily due to the worsening coronavirus outbreak that claimed around 132 lives in the country. The coffee giant is also monitoring and modifying the operating hours of all of its stores in the region.The closed store count would be more than 2000 as Starbucks operates almost 4,300 outlets in China. eBay Inc. (EBAY) Wednesday reported a fourth-quarter profit that trumped Wall Street analysts' estimates, as did revenues. However, shares of the company slipped over 5% after the company issued a weak outlook for the first quarter. eBay's fourth-quarter profit dropped to $558 million or $0.69 per... Apple Inc. (AAPL) Wednesday reported a first-quarter profit that trumped Wall Street estimates, as the iPhone maker reported its "highest quarterly revenue ever" driven by strong demand for its iPhone 11 and 11 Pro models during the holiday season. The tech giant also issued a strong revenue outlook...
Follow RTT
>