LONDON (ShareCast) - (Sharecast News) - Tullow Oil said on Wednesday that non-executive Chair Dorothy Thompson has decided to step down from the board.
A search process to find a new Chair has been launched and is expected to conclude towards the end of the summer. Thompson will stay on in the role until a new appointment has been made and "an appropriate handover has taken place".

Thompson joined the board in April 2018 and became Chair in September of the same year. She was also Executive Chair of Tullow from December 2019 to September 2020, after which she reverted to her non-executive position following the appointment of Rahul Dhir as chief executive officer.

Thompson said: "My time with Tullow has been interesting and challenging and Tullow is now well positioned for a positive and sustainable future.

"With the refinancing successfully concluded through our recent bond issue and with a new business plan in place which is progressing well under Rahul Dhir's capable leadership, I have decided that this is the right time to step back from Tullow and to move to other opportunities."

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