7th May 2020 11:30
(Alliance News) - Cairn Energy PLC said Thursday that Non-Executive Chair Ian Tyler will step down from the board with effect from when a successor is appointed, which is expected to take place in 12 months time.
Tyler has been in his role for six years since 2014. His most recent executive role was as chief executive officer of infrastructure firm Balfour Beatty PLC for eight years from 2005 to 2013.
The oil and gas firm said it will start a comprehensive process to identify and appoint a successor and organise an orderly handover.
Shares in Cairn Energy were up 0.7% at 112.0 pence on Thursday in London.
By Dayo Laniyan; [email protected]
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