Tap cuts costs

Australian company Tap Oil is feeling the squeeze on its cash flow from declining oil prices and has unveiled cost reduction initiatives and board changes that will see its current chief executive step down.

Leaving the company: chief executive Troy Hayden will step down in June but remain with the company part-time until his replacement is found
Leaving the company: chief executive Troy Hayden will step down in June but remain with the company part-time until his replacement is found
Published 15 March 2016, 03:53Updated 18 October 2016, 04:53
Asia & Oceania