Talos Energy Inc. said April 24 that Shannon “Shane” E. Young III will join Houston-based Talos as CFO next month, replacing Michael L. Harding II who has been with the offshore E&P company since its inception.
Young had previously served as Talos’ CFO from December 2014 to September 2015, before leaving to join Cobalt International Energy Inc. He most recently was with Sheridan Production Co. LLC where he has served as its vice president and CFO since 2016.
“We are excited to have Shane back as EVP and CFO,” Timothy S. Duncan, president and CEO of Talos, said in a statement on April 24. “I have known Shane for over 20 years and have always appreciated and admired his extensive background and knowledge of capital markets and his experience leading strategic transactions, both of which will be extremely valuable as we continue to grow Talos.”
Young’s appointment as executive vice president and CFO will take effect May 16.
Duncan added, “I’m also deeply appreciative of Mike [Harding] for his many contributions to Talos. He has been with us since the company’s inception, always answered when called upon and consistently performed admirably and professionally. Talos would not be where it is without Mike’s efforts and we are grateful that he is assisting the company with this transition.”
Harding, who currently serves as Talos’ executive vice president, CFO, chief accounting officer and treasurer, started off at Talos as chief accounting officer and controller in 2012.
During Harding’s tenure with the company, Talos has become a leviathan in the Gulf of Mexico (GoM), notably through its merger with Stone Energy which took Talos public when it closed in May 2018. Talos currently leases roughly 584,000 net acres in the U.S. GoM and also holds interest in blocks offshore Mexico, according to a recent investor presentation.
Talos said Harding will continue to serve as chief accounting officer on an interim basis for a mutually agreed period before his departure from the company for undisclosed reasons.
On April 24, Talos also announced the promotion of Sergio L. Maiworm Jr. to vice president of finance, investor relations and treasurer of the company. He previously served as director of finance and investor relations and has been with Talos since 2018.
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