Jan 6 (Reuters) - U.S. oil and gas company Talos Energy ( TALO )
said on Monday it has identified a candidate to serve
as the company's CEO and is in the final stages of the selection
process.
The company also said its interim chief executive officer,
Joseph Mills, has stepped down effective immediately and added
that the departure was unrelated to any operational issues or
accounting matters.
Shares of Talos were up about 1.2% at $10.31 in morning
trade.
Mills held interim charge after CEO Tim Duncan stepped down
in August last year after more than 12 years at the helm.
During Duncan's tenure Talos made multiple oil
discoveries and last year sold its carbon capture and
sequestration unit, which was led by chief sustainability
officer Robin Fielder, to French firm TotalEnergies
for about $148 million.
In October, the company had adopted a so-called poison pill
to keep Mexican billionaire Carlos Slim's investment firm from
gaining control of the company after it acquired a 24% stake in
the oil and gas firm.
The company expects the new CEO candidate to join by the
end of the current quarter.