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Tullow CFO Springett steps down

Finance boss resigns due to continued ill health, with former BP man Les Wood named permanent replacement

Tullow Oil has changed chief financial officer after Ian Springett stood down due to continued ill health.

Long-time BP employee Les Wood has been confirmed in the position full time after the Anglo-Irish independent had said in January that Springett was taking extended leave of absence due to illness.

Heavey quitting as Tullow CEO

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On Tuesday the London-listed player said Springett has resigned as of 20 June, with Wood taking the role permanently.

Chairman Aidan Heavey, who was replaced as chief executive this year by Paul McDade, said: "I am very sorry that Ian's medical condition has led to his decision to step down from the board. He has been an invaluable and highly-regarded colleague and friend since he joined the board of Tullow back in 2008.

“His financial acumen and industry expertise were evident from his first day as chief financial officer and he will be greatly missed. We wish him continued success in dealing with his illness.”

Wood joined Tullow in 2014 with more than three decades of experience in the industry. He spent 28 years in various positions at UK supermajor BP.