Santos Names Roc Oil CEO Anthony Neilson as CFO to Replace Andrew Seaton

Australia's oil and gas exploration company Santos Ltd. names Anthony Neilson as its new chief financial officer (CFO), succeeding Andrew Seaton, who recently announced his retirement.

Neilson, a Chartered Accountant with experience in the oil and gas sector within the United Kingdom, China, Southeast Asia and Australia, is currently the CEO of Roc Oil Co. Ltd. (ROC), which was acquired in 2014 by Hong Kong-listed investor Fosun International Ltd.

Prior to assuming the CEO post at ROC, he was the firm's CFO. Before ROC, Neilson has held commercial, finance and business services roles at Caltex Australia, Credit Suisse First Boston (London) and Arthur Andersen (Sydney).

The new CFO of Santos has a Masters of Business Administration from AGSM and is a Fellow of the Financial Services Institute of Australasia and a Member of Chartered Accountants Australia and New Zealand.

"We are very pleased to have secured a high calibre and accomplished executive in Anthony Neilson," Santos Managing Director and CEO Kevin Gallagher said in the press release.

"Anthony has over 14 years’ experience in upstream and downstream oil and gas. His strong financial and risk management skills will further enable Santos to reduce costs, increase operating cashflow and manage its balance sheet to create value for its shareholders. Anthony will join a new Executive Committee which has the technical capabilities needed to transform Santos into a reliable, low cost and high performance business,” Gallagher added.

Neilson will commence duties with Santos in December, with current CFO Seaton remaining with the company to ensure an orderly transition.

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