By Aimee Look
Tullow Oil named Ian Perks as its next chief executive officer, replacing Richard Miller who took on the role on an interim basis in February.
The multinational oil and gas exploration company said Friday that Perks will become CEO on Sept. 15, whereupon Miller will return to his role as chief financial officer.
Perks has over 30 years of experience in the upstream oil and gas business. He previously worked in senior roles at BG Group, Anadarko and Total--where he was recently senior vice president at its Mozambique LNG project.
Perks said his near-term priority was to put the company on long-term sustainable financial footing and to grow the company across Africa.
Miller took on the extra role as interim CEO on Feb. 14 to replace Rahul Dhir who stepped down to pursue other business, academic and family interests.
For the first half of the year, Tullow reported a pretax loss of $50 million compared with a profit of $254 million in the same period in 2024 and cut its free cash flow guidance. Revenue also fell, coming in at $524 million compared with $759 million.
Shares closed Thursday at 10.16 pence, and are down 53% over the year to date.
Write to Aimee Look at aimee.look@wsj.com
(END) Dow Jones Newswires
September 05, 2025 02:50 ET (06:50 GMT)
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