PERTH (miningweekly.com) – Australian oil and gas major Santos has established a new executive team as part of its efforts to focus on lifting productivity and driving long-term value for shareholders.
The company on Friday announced the appointment of Bill Ovenden as VP for exploration, Brett Woods as VP for development, Vince Santostefano as COO, John Anderson as executive VP for commercial and business development, Andrew Seaton as CFO and Angus Jaffray as executive VP for strategy and corporate services.
The newly appointed executive team would report directly to the CEO.
Santos MD and CEO Kevin Gallagher said on Friday that the new executive team model moved away from geographic based business units to an asset focused model, with strong technical capabilities in Santos’s primary business of exploration, development and production of oil and natural gas, both onshore and off.
“The transition to the new model will be an orderly process over the next few months, consistent with our commitment to safe, sustainable development and operations.
“Corporate functions will be consolidated to further reduce costs and improve effectiveness,” said Gallagher.
The new executive team would be based in Adelaide.