Talisman Energy Announces Paul Smith as New CFO
CALGARY, ALBERTA -- (Marketwired) -- 05/08/13 -- Talisman Energy Inc.
(TSX:TLM) (NYSE:TLM) has announced the appointment of Paul R. Smith
as Chief Financial Officer (CFO), effective May 20, 2013. Paul is
currently Executive Vice-President, North America, within Talisman.
Scott Thomson, Talisman's current CFO, is leaving the company to
become President and Chief Executive Officer (CEO) of Finning
International, the world's largest Caterpillar equipment dealer
headquartered in Vancouver, British Columbia.
"I am very pleased that Paul will fit into this role seamlessly,
given his knowledge of the company, his operational and financial
skills, and international and North American experience," said Hal
Kvisle, President and CEO. "Paul has a tremendous track record, fully
understands the risks and opportunities of the business, and is a
strategic thinker. He played a key role in transforming Talisman's
North American operations, leaving a well-positioned business that
will continue to be a vital part of Talisman's future.
"Importantly, he will provide continuity in our journey to create a
more value-driven proposition for shareholders. Paul will play a key
role in implementing our four strategic priorities, including
unlocking the NAV of our portfolio and maintaining a strong balance
sheet, as part of living within our means."
Paul Smith joined Talisman in 2009 and soon after was appointed
Executive Vice-President, North America. In this role, Paul led the
business transformation away from a focus on deep sour gas, to a
strong position in four of the leading unconventional plays in North
America. This included the sale of over $5 billion of assets, as well
as strategic joint venture agreements in the Montney and the Eagle
Paul started his career with British Petroleum (BP) and held senior
roles in various international locations, including Vice-President
and Director, Upstream Projects; CFO for BP's Trinidad operations;
and Upstream Vice-President for TNK-BP, West Siberia. He received an
honours degree in Economics and Business from Heriot-Watt University
in Edinburgh. A successor for Paul will be announced at a later date.
Commenting on Scott Thomson, Hal Kvisle said, "While we are sad to
see him leave, I am personally very pleased for Scott. This is a
great opportunity for him. Over the last five years, Scott has made a
substantial contribution to Talisman. He led several strategic
transactions, helped maintain a strong balance sheet, and built
excellent relationships with our bankers and institutional
Talisman Energy Inc. is a global upstream oil and gas company,
headquartered in Canada. Talisman has two core operating areas: the
Americas (North America and Colombia) and Asia-Pacific. Talisman is
committed to conducting business safely, in a socially and
environmentally responsible manner, and is included in the Dow Jones
Sustainability (North America) Index. Talisman is listed on the
Toronto and New York stock exchanges under the symbol TLM. Please
visit our website at (www.talisman-energy.com).
Talisman Energy Inc. - Media and General Inquiries
Manager, External Communications
Talisman Energy Inc. - Shareholder and Investor Inquiries
Vice-President, Investor Relations
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