Tullow Oil plc announced today that Richard Miller has been appointed as Interim Chief Executive Officer and Chief Financial Officer, effective February 14, 2025. This follows the departure of Rahul Dhir as CEO, who will step down from the Board on the same date.
Dhir will remain available to the company until his notice period ends on June 5, 2025, to ensure a smooth transition.
Phuthuma Nhleko, Non-Executive Chairman of Tullow Oil, expressed his gratitude to Dhir for his contributions, stating, “Once again, I would like to thank Rahul for his hard work and dedication to Tullow and we wish him every success in the future.” Nhleko emphasized that Miller’s appointment will allow Tullow to maintain focus on its near-term objectives while the Board conducts a thorough search for a permanent CEO.
This leadership change at Tullow Oil has potential implications for Uganda’s oil and gas sector. As a key player in the country’s oil exploration and development, Tullow’s leadership stability and strategic direction are crucial for the sector’s progress.
The appointment of an interim CEO ensures continuity in the company’s operations, including ongoing exploration and development activities in Uganda. Maintaining a strong leadership team is crucial for maintaining investor confidence in Tullow Oil and its Ugandan operations.
The successful development of Uganda’s oil and gas resources requires strong partnerships and collaboration. A stable leadership team at Tullow Oil will be essential for fostering these relationships.
The search for a permanent CEO is currently underway. Tullow Oil will provide further updates on this process in due course.
This leadership transition marks a significant moment for Tullow Oil and will have implications for the company’s future direction and its role in the development of Uganda’s oil and gas sector.