Leading independent oil and gas producer Santos Energy has recruited Anthony Neilson, Roc Oil’s chief executive as the company’s new chief financial officer.
This December, Neilson will join the oil and gas giant and replace Andrew Seaton, who announced he will be retiring earlier this year. ROC Oil was taken over by Fosun International Limited in 2014.
“We are very pleased to have secured a high calibre and accomplished executive in Anthony Neilson.” Said Santos chief executive Kevin Gallagher.
“Anthony has over 14 years’ experience in upstream and downstream oil and gas. His strong financial and risk management skills will further enable Santos to reduce costs, increase operating cash flow and manage its balance sheet to create value for its shareholders.”
“Anthony will join a new Executive Committee, which has the technical capabilities needed to transform Santos into a reliable, low cost and high performance business.”
Mr Neilson has served ROC since 2007 and possesses over 20 years of experience in accounting and finance, with the majority of this within the upstream and downstream oil and gas industry.
Santos CEO Kevin Gallagher, revealed to market analysts this month that Santos’ priorities for the future were set for him on his arrival at the company six months ago.
“The oil price was less than $30 per barrel and we had a ‘free cash flow’ negative business. So, my message to the leadership team at the time was to focus on ‘free cash flow’, make the business free cash flow positive.” Said Gallagher in an interview with Tom Piotrowski.
This business plan fully coincides with what Mr Gallagher considers the value being in employing Neilson.
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