Tullow chief finance officer to take extended leave of absence

Les Wood to step in as interim CFO while Ian Springett is to undergo medical treatment

Tullow closed down 0.26 per cent to 325.6 pence in London on Wednesday

Tullow closed down 0.26 per cent to 325.6 pence in London on Wednesday

 

Irish-founded oil and gas explorer Tullow Oil has said its chief finance officer Ian Springett is to take an extended leave of absence to undergo treatment for a medical condition.

The exploration company said Les Wood, who currently serves as Tullow’s vice president finance and commercial, has been appointed interim chief finance officer.

Mr Wood joined the company in 2014. He worked for BP for 28 years in a number of positions, including chief finance roles in Canada and the Middle East.

In a note to investors, Cenkos said Mr Springett’s absence should not impact on Tullow’s performance.

“We do not see any issues in terms of management of the company’s finances,” it said.

Shares in the company were down 0.8 per cent to 323.80 pence in early trading in Londong on Thursday, having closed 0.26 per cent lower a day earlier.