CEO out at Talos Energy

Tim Duncan has stepped down as president and CEO of offshore oil and gas exploration and production company Talos Energy.

Joseph A. Mills, a member of the company’s board of directors since March, was named interim president and CEO.

Tim Duncan

No reason was given for Duncan’s departure. One of the founders of the company, he had been CEO since 2012.

“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,” said Neal P. Goldman, chairman of Talos’ Board of Directors. “Currently, Talos stands as a leading exploration & production company in the Gulf of Mexico, backed by a dedicated team committed to safely and efficiently driving long-term value.”

 Goldman added the company has “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 joined the board in March after Talos acquired Gulf producer QuarterNorth Energy Inc., where Mills was a director.