Feb 2 (Reuters) - Talos Energy ( TALO ), a mid-sized
U.S. oil producer with operations in the Gulf of Mexico, is
poised to name veteran Shell executive Paul Goodfellow
as its next CEO, two people familiar with the matter said on
Sunday.
The appointment of Goodfellow, who currently serves as chief
internal auditor at Shell, is expected to be announced as soon
as this week, the sources said, requesting anonymity because the
matter is confidential.
Goodfellow will succeed Talos' founder and long-time CEO Tim
Duncan, who abruptly left the company in August after helping it
grow into the fifth-largest oil and natural gas producer in the
U.S. Gulf of Mexico during his 12-year stint.
A Shell veteran of 34 years, Goodfellow has held numerous
roles at the energy major, which is the largest operator in the
Gulf of Mexico. This includes previously serving as executive
vice president for deep-water operations and as chairman of
Shell Midstream Partners, according to his LinkedIn profile.
Talos and Shell did not immediately respond to requests for
comment.
Houston-based Talos, which has a market capitalization of
about $1.8 billion, has been searching for a new chief executive
since Duncan's surprise departure. On Jan. 6, Talos said it had
identified a new CEO, without naming the person, at the same
time that interim CEO Joseph Mills stepped down to pursue other
opportunities.
Since Duncan's departure, the company also weathered a spat
with top shareholder Carlos Slim, whose investment firm holds a
24% stake in the company. Talos briefly adopted a so-called
poison pill to prevent the Mexican billionaire from trying to
take control of the company.
Talos was founded in 2012 by Duncan, with the backing of
private equity firms Apollo Global Management and Riverstone
Holdings, which invested a combined $600 million in the company.
The oil producer, which went public in 2018 through a
reverse merger with fellow offshore operator Stone Energy,
produced 96,500 barrels per day of oil equivalent on average in
the third quarter, according to its most recent quarterly
earnings presentation.