Joseph Mills has resigned from
his roles as Interim President and CEO, and member of the Board,
effective immediately
Talos Energy has identified a finalist candidate for the role
of permanent CEO who is expected to start by the end of first
quarter 2025
HOUSTON, Jan. 6, 2025
/PRNewswire/ -- Talos Energy Inc. ("Talos" or the "Company") (NYSE:
TALO) today announced that Mr. Joseph A.
Mills has resigned as Interim President and Chief Executive
Officer and a member of the Board to pursue other opportunities,
with immediate effect. At the same time, the Company announced that
it has identified a finalist candidate to serve as the Company's
permanent Chief Executive Officer and is in the final stages of the
process with this candidate.
Talos's Board, in partnership with an external search firm, has
conducted a search for a new permanent Chief Executive Officer.
Talos expects that the finalist candidate will join the Company by
the end of the first quarter of 2025.
"We are pleased with the progress we have made in identifying a
CEO candidate," said Neal P.
Goldman, chairman of Talos's Board of Directors. "After a
thorough search process, we believe we have identified a strong
candidate for the position. We will announce the appointment once
details have been finalized. What has been most important to us in
this search process is finding a permanent CEO who shares the
Board's strategic vision for the business and has the experience
and ability to build upon Talos's strong current position. We feel
confident this search process is close to that outcome."
In addition, Talos reiterates its 2024 full year production
guidance issued on November 11, 2024.
The Company continues to expect average daily production of 91.0 –
94.0 thousand barrels of oil equivalent per day.
Talos confirms that Mr. Mills's departure is unrelated to any
operational issues or accounting matters. The Company has no other
material financial or operational updates at this time.
ABOUT TALOS ENERGY
Talos Energy (NYSE: TALO) is a technically driven,
innovative, independent energy company focused on maximizing
long-term value through its Upstream Exploration & Production
business in the United States
Gulf of Mexico and offshore
Mexico. We leverage decades of
technical and offshore operational expertise to acquire, explore,
and produce assets in key geological trends while maintaining a
focus on safe and efficient operations, environmental
responsibility and community impact. For more information,
visit www.talosenergy.com.
INVESTOR RELATIONS CONTACT
Clay Jeansonne
investor@talosenergy.com
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This communication may contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, as
amended (the "Securities Act"), and Section 21E of the Securities
Exchange Act of 1934, as amended. All statements, other than
statements of historical fact included in this communication,
regarding our strategy, future operations, financial position,
estimated revenues and losses, projected costs, prospects, plans
and objectives of management are forward-looking statements. When
used in this communication, the words "will," "could," "believe,"
"anticipate," "intend," "estimate," "expect," "project,"
"forecast," "may," "objective," "plan" and similar expressions are
intended to identify forward-looking statements, although not all
forward-looking statements contain such identifying words. These
forward-looking statements are based on our current expectations
and assumptions about future events and are based on currently
available information as to the outcome and timing of future
events.
We caution you that these forward-looking statements are subject
to numerous risks and uncertainties, most of which are difficult to
predict and many of which are beyond our control. These risks
include, but are not limited to, the timing and success of
strategic and management succession plans, the reliability of our
average daily production guidance, and the other risks discussed in
"Risk Factors" in our Annual Report on Form 10-K for the year ended
December 31, 2023 and "Risk Factors"
in our subsequent Quarterly Reports on Forms 10-Q filed with the
U.S. Securities and Exchange Commission (the "SEC").
Should one or more of the risks or uncertainties described
herein occur, or should underlying assumptions prove incorrect, our
actual results and plans could differ materially from those
expressed in any forward-looking statements. All forward-looking
statements, expressed or implied, included in this communication
are expressly qualified in their entirety by this cautionary
statement. This cautionary statement should also be considered in
connection with any subsequent written or oral forward-looking
statements that we or persons acting on our behalf may issue.
Except as otherwise required by applicable law, we disclaim any
duty to update any forward-looking statements, all of which are
expressly qualified by the statements in this section, to reflect
events or circumstances after the date of this communication.
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SOURCE Talos Energy
