Tullow Oil PLC
28 April 2008
News release
Tullow Oil plc - Board Change
28 April 2008 - The Board of Tullow Oil plc (Tullow) announces with regret that
Tom Hickey has today given notice of his resignation from the Board and from the
position of Chief Financial Officer of Tullow. Tom's decision to leave Tullow
reflects the considerable personal demands of his role in a London-based
multi-national company and his desire to live full time in Ireland. Tom believes
that it would not be possible for him to continue to fulfill the demands of his
role from Dublin as Tullow continues its rapid growth.
The Board will immediately begin the process of recruiting his successor and Tom
will remain in his role until a suitable candidate has been identified to ensure
an orderly transition. It is currently envisaged that he will leave sometime
after the Interim Results in August and before the end of the year.
Commenting today, Aidan Heavey, Chief Executive of Tullow said:
'I am personally very sad that Tom is to leave Tullow as he has made an
outstanding contribution to the Group since he joined us in 2000. His commitment
has been exceptional and we are all truly disappointed that he will not be part
of the next phase of growth and development of the business. We fully understand
his decision and wish him every happiness and success in the future.'
Tom Hickey added:
'It has been a great pleasure to work with Aidan and the team at Tullow for the
last eight years. During this period Tullow has consistently demonstrated strong
business growth and delivered exceptional shareholder returns and I believe the
team we have built will continue this performance. My decision to move on from
Tullow has been a very difficult one, but I believe it is the best personal
long-term course of action. '
For further information contact:
Tullow Oil plc Citigate Dewe Rogerson Murray Consultants
(+44 20 8996 1000) (+44 20 7638 9571) (+353 1 498 0300)
Tom Hickey Martin Jackson Joe Murray
Chris Perry Kate Delahunty
Notes to Editors
Tullow is a leading independent oil & gas, exploration and production group,
quoted on the London and Irish Stock Exchanges (symbol: TLW) and is a
constituent of the FTSE 100 Index. The Group has interests in over 100
exploration and production licences across 23 countries and focuses on four core
areas: Europe, Africa, South Asia and South America.
Tullow's European interests are primarily focused on gas in the UK Southern
North Sea where it has significant interests in the Caister-Murdoch System and
the Thames-Hewett areas and operates over 70% of its production.
In Africa, Tullow has exploration and production in Gabon, Cote d'Ivoire,
Mauritania and Equatorial Guinea and two large appraisal and development
programmes in Ghana and Uganda. Tullow also has exploration interests in
Mauritania, Senegal, Congo (DRC), Tanzania, Madagascar, Namibia and Angola.
In South Asia, Tullow has exploration and production in Pakistan and Bangladesh
and high impact exploration activities in India.
In South America Tullow has high impact exploration interests in Trinidad and
Tobago, French Guiana and Suriname.
For further information please refer to our website at www.tullowoil.com
This information is provided by RNS
The company news service from the London Stock Exchange
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