Talos Energy Inc. has announced that Tim Duncan has stepped down as president and chief executive officer, effective August 29, 2024. Joseph A. Mills, a member of the company’s board since March 2024, has been appointed as interim president and CEO while the board of directors conducts a search for a permanent successor in collaboration with a leading executive search firm.
Neal P. Goldman, chairman of Talos’ board of directors, expressed gratitude for Duncan’s contributions, stating, “On behalf of the board and the entire Talos team, I want to express our gratitude to Tim for his invaluable contributions to the Company. Currently, Talos stands as a leading exploration and production company in the Gulf of Mexico, backed by a dedicated team committed to safely and efficiently driving long-term value.”
Goldman also highlighted the Board’s confidence in Mills, saying, “We have complete confidence in Joe’s capabilities to carry out Talos’ strategy as we search for a new CEO to lead Talos into the future and unlock further value. Mills brings a wealth of industry experience and knowledge, boasting over 42 years in senior leadership positions and serving on the boards of both public and private companies in the oil and gas sector.”
Joseph A. Mills expressed his commitment to leading Talos during the transition, stating, “I’m honored to step in as interim CEO of Talos. The Board has played an active role guiding and evaluating our strategic approach, and I am confident about Talos’s direction and strategy. Our commitment remains firm in delivering compelling value for our shareholders. I look forward to working closely with the Board and leadership team, drawing on their extensive knowledge to advance our strategic priorities during this transitional period.”
Talos reaffirmed its production and financial guidance for the third quarter and full year 2024, expecting average daily production of 92.0 to 97.0 thousand barrels of oil equivalent per day for the third quarter.
About Joseph A. Mills
Joseph A. Mills brings over 42 years of experience in the oil and gas industry to his role as interim CEO. He currently serves on the Board of Talos Energy and other private exploration and production companies. Mills is also the CEO of Samson Resources II, LLC, a position he has held since March 2017. His extensive leadership background includes roles as chairman and CEO at several public and private companies, including Eagle Rock Energy G&P, LLC, and Roan Resources Company, as well as senior positions at El Paso Energy, Sonat Exploration, Black Stone Minerals, and Montierra Minerals & Production, LP.
Mills holds a bachelor of business administration degree in Petroleum Land Management from the University of Texas and a Master of Business Administration degree in Finance from the University of Houston. Additional information on Mills can be found in the Form 8-K filed by the Company.
Talos Energy remains focused on executing its strategic initiatives and maintaining operational excellence as the search for a new CEO progresses.
For more information visit www.talosenergy.com
