Tullow Oil’s chief financial officer stepped down from the board today due to ill-health.
The firm said in January that Ian Springett had taken an extended leave of absence to undergo treatment for a medical condition.
Interim CFO Les Wood has been handed the role on a full-time basis.
Mr Wood joined Tullow in 2014 and was vice president for commercial and finance before being appointed interim CFO.
Before joining Tullow, he worked for BP for 28 years in various positions including regional CFO roles in Canada and the Middle East.
Tullow chairman Aidan Heavey said: “I am very sorry that Ian’s medical condition has led to his decision to step down from the Board. He has been an invaluable and highly-regarded colleague and friend since he joined the board of Tullow back in 2008.
“His financial acumen and industry expertise were evident from his first day as chief financial officer and he will be greatly missed. We wish him continued success in dealing with his illness.
“Les Wood has over 30 years’ experience within our sector and was the obvious choice following his impressive performance as interim CFO over the past six months. The board and I look forward to continuing to work closely with him.”
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