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Oil Search MD Keiran Wulff resigns after complaints

Share Oil Search managing director Keiran Wulff has resigned suddenly after complaints about his behaviour and ill health, throwing the Papua New Guinean oil and gas producer into uncertainty. Shares in Oil Search slid as much as 2.6 per cent in early trading on the shock news, which adds to the upheaval taking place more broadly across the leadership of the energy sector. “After considerable reflection and consultation with my family and others including my medical advisers, it is an appropriate time to leave to focus on my health,” he said in a statement on Monday. Oil Search’s Keiran Wulff has abruptly resigned. 

Oil Search MD in shock resignation | Upstream Online

Oil Search said Wulff has been managing a long-term medical condition which had recently deteriorated. The company s chairman Rick Lee said the board entered into discussions with Wulff following the receipt of recent concerns and complaints about his behaviour. Lee said the board considered that Wulff had behaved in a manner inconsistent with the standards expected in relation to his management style. Are you missing out on ACCELERATE? Gain valuable insight into the global oil and gas industry s energy transition from ACCELERATE, the free weekly newsletter from Upstream and Recharge. Since his appointment as managing director in February 2020, there had been significant challenges for the company.

Oil Search boss Keiran Wulff resigns over health condition

Reuters 2 minute read July 19 (Reuters) - Oil Search (OSH.AX) Managing Director Keiran Wulff has resigned 17 months after taking charge over a long-term medical condition that the Papua New Guinea-focused company said had recently deteriorated. The board had been in discussions with Wulff over complaints about his behaviour, Chairman Rick Lee said in a statement on Monday. Lee said the board considered Wulff s behaviour was inconsistent with the standards expected by the Board in relation to his management style. Since Wulff took over from his long-serving predecessor, there have been a slate of extreme events including lockdowns, a plunge in oil prices, emergency measures to secure the company s financial position, and the need for a sustainable strategy focused on energy transition, he said.

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