Staying on: Santos chief executive Kevin Gallagher could be out of the running for the Woodside chief executive role Photo: ANDREW BEVERIDGE/APPEA

Fending off rival: one-off bonus would see Santos chief pull out of race for Woodside's top job

Kevin Gallagher is reportedly one of the top contenders to replace Peter Coleman as Woodside's chief executive later this year

12 April 2021 2:58 GMT Updated 12 April 2021 5:44 GMT

By Josh Lewis

in Perth

Santos appears to be attempting to tie-down its current chief executive Kevin Gallagher with a one-off A$6 million (US$4.6 million) incentive, amid reported interest from fellow Australian company Woodside Petroleum.

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Santos revealed Monday it had offered Gallagher a “once-off growth projects incentive” to ensure he sees the company’s major growth projects and energy transition strategy through to 2025.

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Fending off rival: one-off bonus would see Santos chief pull out of race for Woodside's top job