Tuesday, January 7, 2025

Talos Energy identifies a candidate for the new CEO position.

January 6, 2025

Talos Energy, a U.S.-based oil and gas company, announced on Monday that it had identified a candidate for the position of CEO and was in the final stages.

The company said that its interim chief executive, Joseph Mills has resigned effective immediately. It added that this departure had nothing to do with operational or accounting issues.

Talos shares were trading up 1.2% in the morning, at $10.31.

Mills was appointed interim CEO after Tim Duncan, the former CEO of Tim Duncan Company, resigned in August 2012 after 12 years.

During Duncan’s tenure, Talos made numerous oil discoveries. Last year, the company sold its carbon sequestration and capture unit, led by Chief Sustainability Officer Robin Fielder, for approximately $148 million to French firm TotalEnergies.

In October, the company adopted a poison pill in order to prevent the Mexican billionaire Carlos Slim’s investment firm from taking control of the firm after it had acquired a 24 percent stake.

The new CEO candidate is expected to be hired by the company before the end of this quarter. Tanay Dhumal reported from Bengaluru, and Shreya biswas and Shakesh Kuber edited the article.

(source: Reuters)

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