Tullow Oil Thursday named its interim Chief Financial Officer (CFO) Richard Miller as permanent CFO and an Executive Director effective January 1.
The company said Miller brings extensive oil and gas and financial experience to the role. He has been acting as Interim CFO since April 2022 and has been with Tullow for over 11 years.
During that period, Miller led Tullow’s Finance team, supporting several acquisitions, disposals and capital markets transactions.
“Richard played a significant role in the continued turnaround of Tullow with the successful rebasing of Tullow’s cost structure, the resetting of the balance sheet and the change to a more focused capital allocation,” the company said in its release.
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Tullow said Miller is also a Chartered Accountant; he joined Tullow from Ernst and Young LLP where he worked in the audit and assurance practice.
“Richard has made a significant contribution to Tullow in his tenure and particularly during the last year as Interim CFO,” Rahul Dhir, Chief Executive Officer of Tullow said. “He has helped drive cost discipline and capital efficiency alongside improvements in our broader finance function. He has the right mix of sector and finance experience and I am looking forward to working with Richard as we build a leading African oil and gas company.”
Tullow has a 60% operated interest in Guyana’s Orinduik Block and a 37.5% non-operated interest in the Kanuku Block.
