A twist in Woodside search for new CEO
WOODSIDE Petroleum’s search for a new chief executive has taken a twist, with the company’s board calling early time on Peter Coleman’s reign at the company.
Mr Coleman announced earlier this year he planned to step down as CEO in the second half of 2021.
But the decision of Kevin Gallagher to accept a $6m bonus to stay on as CEO of Santos until at least 2025 appears to have up-ended Woodside’s search for a new CEO. Mr Gallagher had been in the running for Woodside’s top job.
Woodside announced on Tuesday that Mr Coleman will leave the company on June 3, to be replaced on a temporary basis by Meg O’Neill (inset), Woodside’s executive vice president development and marketing.
Ms O’Neill, along with Shell’s Zoe Yujnovich and BHP petroleum boss Geraldine Slattery, are widely seen as the leading contenders to replace Mr Coleman.