Tullow Names Ex-Trafigura Executive as Chair to Shrinking Board

Tullow Oil Plc appointed former Trafigura Group executive Roald Goethe as chairman, while half the board quit as the company struggles with a mounting debt pile.

The shakeup follows a 77% slump in the shares this year, with the stock sinking to a record-low last month as Tullow said it was exploring ways to refinance looming debt maturities.