24th Oct 2007 07:00
Tullow Oil PLC24 October 2007 News release Rohan Courtney, Non-Executive Director, to resign from Tullow 24 October 2007 - Tullow Oil plc ("Tullow") announces that Rohan Courtney, theGroup's Senior Independent Director, and Chairman of the Audit Committee, is tostep down from the Board on 31 December 2007. Mr. Courtney joined Tullow, and became chairman of the Audit Committee in 1993when it was an Irish listed company and became Senior Independent Director in2000. Mr. Courtney's role as Chairman of the Audit Committee will be filled by DavidWilliams who joined the Board in 2006, and as Senior Independent Director bySteven McTiernan who joined in 2002. The Nominations Committee of the Boardintends to appoint external advisors to commence a search to fill the vacancycreated by Mr. Courtney's resignation. Mr. Courtney has agreed to remain on Tullow's Corporate and SocialResponsibility Committee and as a Trustee of one of the Tullow Group's pensionfunds. Commenting today, Pat Plunkett, Chairman of Tullow said: "Rohan Courtney has played a very large part in Tullow's development and hisexperience in banking and finance has been of immense assistance to Tullowthroughout his 14 year tenure. Rohan joined the Board when Tullow had a marketcapitalisation of £35 million and he has played an important role in each of thekey milestones in our history. We thank him for his support of the business and management, his independence ofmind and constructive challenge to the Board and particularly his effectiveChairmanship of our Audit Committee through this critical phase of Tullow'sexistence. While Rohan is leaving our Board, I am very pleased he is not endinghis wider relationship with Tullow as he will remain on our CSR Committee and asa Trustee of one of our pension funds." For further information contact:Tullow Oil plc Citigate Dewe Rogerson Murray Consultants(+44 20 8996 1000) (+44 20 7638 9571) (+353 1 498 0300) Martin Jackson Joe MurrayAidan Heavey Kate DelahuntyTom Hickey Graham Martin Notes to Editors Tullow is a leading independent oil & gas, exploration and production group,quoted on the London and Irish Stock Exchanges (symbol: TLW) and is aconstituent of the FTSE 100 Index. The Group has interests in 120 explorationand production licences across 23 countries and focuses on four core areas:Europe, Africa, South Asia and South America. Tullow's European interests are primarily focused on gas in the UK SouthernNorth Sea where it has significant interests in the Caister-Murdoch System andthe Thames-Hewett areas and operates over 70% of its production. In Africa, Tullow has exploration and production in Gabon, Cote d'Ivoire, Congo(Brazzaville), Mauritania and Equatorial Guinea and a gas field development inNamibia. Tullow also has exploration programmes in Mauritania, Senegal,Cameroon, Uganda, Congo (DRC), Tanzania, Madagascar, Angola and Ghana. In South Asia, Tullow has exploration and production in Pakistan and Bangladeshand high impact exploration activities in India. In South America Tullow has high impact exploration interests in Trinidad andTobago, French Guiana and Suriname. Mr. Courtney intends to devote more time to his other business interests,including the UCG (Underground Coal Gasification) Partnership of which he wasco-founder and is a Director. For further information please refer to our website at www.tullowoil.com ENDS This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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