Woodside chief executive officer Peter Coleman intends to retire in the second half of 2021 following more than 10 years in the role.
Coleman explained that it would be the right time to retire and transition leadership, with the company well-positioned for the future.
“In this challenging year, Woodside has taken the prudent decision needed to maintain safe and reliable operations and protect our growth plans, while setting up our company for the next phase,” Coleman said.
“I am extremely proud of how our Woodside team has managed the uncertainty and is on track to deliver record production and exceptional safety performance.”
Woodside chairman Richard Goyder said Coleman has been an outstanding CEO and his focus on safety, base business and operational excellence have created a resilient and future-focused company.
“His commitment to prudent capital management and maintaining a strong balance sheet and liquidity has complemented his track-record for operational excellence,” Goyder said.
“Peter is a corporate leader in safety and environmental performance, inclusion and diversity, gender equality, and indigenous respect and awareness has entrenched these values in Woodside.”
Coleman further highlighted that retiring in 2021 ensured continuity to support the Scarborough investment decision, which would transform Woodside.
“I will miss being part of the Woodside team. The company has been reset with a strong platform for the future, with the next stage of our journey ready for a new CEO to take the required ownership of Woodside’s significant growth projects,” he said.
Goyder advised that the company had commenced an internal and external search for the company’s next CEO.