Oil Search’s (ASX:OSH) board has selected internal candidate Dr Keiran Wulff to succeed Managing Director Peter Botten, who will retire from the company on 25 August 2020.
Mr Botten joined Oil Search in 1992 and has been the Company’s Managing Director for 25 years. He is currently one of the longest-serving CEOs in the ASX 200.
Dr Wulff is currently Oil Search’s Executive Vice President, Alaska and President of Oil Search Alaska. He worked at Oil Search from 1993 to 2008, holding several senior technical, operational and executive roles, and re-joined the Company in 2015.
Outgoing CEO Peter Botten says It has been a tremendous privilege to lead Oil Search for the past 25 years. He says over that time the company has grown from a small exploration player, with a market capitalisation of around A$200 million, to a regionally significant operator, with world class producing assets in PNG and outstanding development opportunities in both PNG and Alaska.
Shares in Oil Search (ASX:OSH) closed 0.41 per cent lower at $7.32 yesterday.