Santos Appoints Keith Spence as Next Chairman
October 22 2017 - 7:27PM
Dow Jones News
By Robb M. Stewart
MELBOURNE, Australia--Santos Ltd. (STO.AU) has appointed
oil-and-gas veteran Keith Spence to take over from Peter Coates as
chairman when he retires early next year.
Mr. Spence will join the Australian energy company's board at
the start of next year and take over as chairman in February,
Santos said Monday. It comes after Mr. Coates said in May he
planned to step down after recruiting a successor.
Mr. Spence brings more than 30 years of industry experience,
having previously held senior positions including chief operating
officer at Woodside Petroleum Ltd. (WPL.AU) and prior to that
almost two decades at Royal Dutch Shell PLC (RDSA).
He is currently chairman of mineral sands producer Base
Resources Ltd. and a director at gold and base-metals miner
Independence Group NL (IGO.AU). Papua New Guinea-based Oil Search
Ltd. (OSH.AU) on Monday said Mr. Spence had resigned as a
nonexecutive director.
Mr. Coates said board renewal and finding a successor were his
final tasks before leaving the company, following the appointment
of company leadership including bring on Kevin Gallagher as
managing director and chief executive in early 2016.
Santos has tied its future to the GLNG liquefied natural gas
operation on Australia's east coast that counts Total SA (TOT)
among its partners, the Exxon Mobil Corp. (XOM)-led PNG LNG
operation in Papua New Guinea, and projects in northern Australia,
Western Australia, and the Cooper Basin straddling South Australia
and Queensland states.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
October 22, 2017 19:12 ET (23:12 GMT)
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