07:48 AM EDT, 08/30/2024 (MT Newswires) -- Talos Energy ( TALO ) said Friday that President and Chief Executive Tim Duncan has stepped down, effective on Thursday.

The company said Joseph Mills has been named interim president and CEO until a successor is in place. Mills is currently a board member of the energy company.

Talos also said it continues to expect Q3 average daily production of 92,000 to 97,000 barrels of oil equivalent per day.

Talos shares were 0.5% lower in recent premarket trading.

Price: 11.88, Change: -0.06, Percent Change: -0.50