Highly regarded industry veteran Ted Jacobson has announced he is retiring as a director of Carnarvon Petroleum Limited.
Mr Jacobson has advised Carnarvon’s chairman Peter Leonhard that due to his health and wanting to spend more time with his family abroad, now was an appropriate time to retire from the Board.
He has offered to make himself available for technical support as the Carnarvon team require.
Mr Jacobson has been a director of Carnarvon since 2005 and in his role as managing director and CEO led the successful discovery, development and production of oil in Thailand. He was also responsible for securing the Phoenix permits that are currently one of the most exciting exploration plays on Western Australia’s North West Shelf.
“Ted and I have been working together for a very long time and I hold him in the highest regard both professionally and personally. At Carnarvon we have seen and benefited from his vision, drive and entrepreneurial spirit over an extended period of time. He has brought us some incredibly exciting projects and his focus and personable character has often led these to very successful outcome,” Mr Leonhardt said.
“Ted has also been a significant contributor to our industry throughout this long and distinguished career and this deservedly earnt him the title of “Industry Legend” at the 2015 Good Oil Conference.
“We wish Ted improving health and pleasant times with his family with whom he sacrificed his time for so long as he served his industry and shareholders. We also look forward him staying involved with our Company over the coming years.”
Carnarvon’s Managing Director, Adrian Cook said Mr Jacobson has touched many people in the oil and gas industry with his support, experience and generosity.
“Whilst today’s news has been anticipated for some time it is nonetheless sobering news and an opportune time to reflect on his impact on the Company and the industry. On behalf of everyone at Carnarvon I wish Ted and his family all the very best,” Mr Cook said.