Greg Columbus is taking the reins as Talon Energy Ltd (ASX:TPD)’s new non-executive chairman, where he’ll leverage more than 30 years of oil and gas experience to bring the company into its next development phase.
With know-how across the industry’s technical, commercial, financial and legal verticals, as well as experience across the C-suite, Columbus is poised to implement the energy stock’s strategic vision from the board room.
Columbus hails from fellow Perth Basin operator and former ASX-lister Warrego Energy, which made headlines late last year as the acquisition target in a major bidding war.
Hancock Energy, which is owned by WA mining magnate Gina Rinehart, emerged victorious from the takeover tussle in February, snapping up 96% of WGO shares at 36 cents each.
Building foundation for future growth
Talon managing director Colby Hauser said Columbus had a proven track record of delivering value for shareholders.
“[Greg’s] broad commercial and corporate skill set is an excellent fit for Talon as the company looks to transition from explorer to producer in Perth Basin,” he explained.
Columbus said he was glad to join the Talon team at an “extremely exciting time” for the WA and Mongolia-focused gas business.
“With gas sales set to occur in the near term, [the asset suite] provides an excellent foundation for further growth where there are significant strategic opportunities ahead,” he explained.
Jendry hands over the reins
With Columbus’ appointment, Talon also farewells non-executive chair Doug Jendry, who joined the board in late 2020. Thanks to his leadership and vision, Jendry saw Talon’s market cap grow tenfold, rising from A$9 million to A$90 million in roughly 2.5 years.
“Talon is now entering a new phase and Greg’s expertise will see it grow and prosper. My thanks to the shareholders and board members for their support over the years and also to numerous others who have assisted in the company’s success,” Jendry stated.
Hauser also thanked Jendry for his service, noting he had been instrumental in guiding the company through its growth phase.
“I am grateful for his leadership to the board and his long service to the company. We appreciate his continued involvement as we transition our focus to production and further development of our portfolio.”
After a brief transition and handover period, Jendry plans to resign at the company’s annual general meeting in May.