Appointment of Chief Financia

RNS Number : 0737C

Tullow Oil PLC

27 August 2008

 



News Release 

Ian Springett appointed to the Board of Tullow as Chief Financial Officer

27 August 2008 - Tullow Oil plc (Tullow) announces the appointment of Ian Springett (50) to the Board of Tullow as Chief Financial Officer (CFO) with effect from Monday 1 September 2008.

Ian joins Tullow with a wealth of international oil and gas experience having worked with BP plc for 23 years. A Chartered Accountant, most recently he has worked as the Group Vice President for Planning, reporting to the Group CEO and Executive Team. Ian has held a number of other senior positions within BP including Upstream CFO, Commercial Director of BP's supply and trading business and Vice President for Finance in the USA, where he led the Group Treasury function and was simultaneously BP's CFO in the Americas. 

Ian replaces Tom Hickey, who gave notice of his resignation on 28 April 2008. While Tom's resignation from the Board will take effect on 1 September 2008, he will remain with Tullow until the end of September ensuring an effective transition of his responsibilities.

There are no matters requiring disclosure in respect of Ian Springett's appointment under paragraph LR 9.6.13 of the Listing Rules of the UK Listing Authority or Rule 6.6.13 of the Irish Stock Exchange Listing Rules.

Commenting today, Pat Plunkett, Chairman of Tullow said:

'I am delighted to welcome Ian to Tullow. He is an experienced CFO with outstanding financial and commercial skills and we look forward to working with him to continue to develop and grow the business.

I, and my Board colleagues, would also like to personally thank Tom for his exceptional contribution to Tullow over the last eight years and to wish him well in the future.'

FOR FURTHER INFORMATION CONTACT:

Tullow Oil plc  ([phone]) Aidan Heavey Chris Perry

Citigate Dewe Rogerson  ([phone])  Martin Jackson George Cazenove

Murray Consultants  ([phone])  Joe Murray  Ed Micheau

ENDS

 

END

 

 

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