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Offshore E&P Talos Energy Inc. said Jan. 6 that Joseph A. Mills has resigned as interim president, CEO and board member, effective immediately.
Mills, who is also CEO of Samson Resources, took the helm of Houston-based Talos in late August 2024 following CEO Tim Duncan’s unexpected departure from the company.
Talos said it has identified a finalist candidate to serve as the company’s permanent CEO starting at the end of first-quarter 2025.
Talos confirmed that Mills' resignation is unrelated to any operational issues or accounting matters.
The E&P continues to expect average daily production of 91,000 boe/d to 94,000 boe/d.
“What has been most important to us in this search process is finding a permanent CEO who shares the Board's strategic vision for the business and has the experience and ability to build upon Talos's strong current position,” said Neal P. Goldman, chairman of Talos’ board.
Mills departure comes following a Dec. 17 deal in which Talos sold an additional 30.1% interest in its Mexican subsidiary to entities controlled by the family office of billionaire Carlos Slim.
After Duncan’s August departure, KeyBanc Capital Markets’ Tim Rezvan speculated that many factors may have been behind the leadership change, including a “difference of opinion on how to address the growing ownership position of Carlos Slim.”
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