Kosmos Energy Ltd. has announced that Thomas P. Chambers will join the company as senior vice president and chief financial officer effective November 5, 2014.
Greg Dunlevy, who has served as executive vice president and chief financial officer since 2003, will retire from the company at the end of June 2015 as part of a mutually agreed succession plan.
Dunlevy will serve in an advisory role to the chairman and chief executive officer until his retirement to ensure a smooth transition.
Chambers, 59, has extensive executive experience in the international exploration and production industry. He joins Kosmos most recently from Apache Corporation, where he was executive vice president and chief financial officer from November 2010 to February 2014.
“Tom brings significant corporate finance and industry experience to Kosmos, and is an excellent addition to our senior leadership team. He joins Kosmos at a time of financial strength, with the company capable of self-funding its world-class exploration program, as well as its on-going development projects in Ghana,” said Andrew G. Inglis, Kosmos’ chairman and chief executive officer. “We are pleased to welcome Tom to Kosmos.”
During his nearly 20 years at Apache, Chambers held a variety of leadership roles in finance, corporate planning, and investor relations. Prior to joining Apache, he served in the international business development group at Pennzoil Exploration and Production Company, and held a range of management positions with the BP plc group of companies. Chambers earned his bachelor’s degree in chemical engineering from University of Notre Dame. He is a member of the Society of Petroleum Engineers.
Commenting on his new position, Thomas P. Chambers said, “With Kosmos preparing to test four potentially play-opening prospects over the next 18 months, this is an exciting time to join the company. I look forward to working with the Kosmos team to continue creating value for shareholders.”
Inglis praised the contributions of Dunlevy, an original founder of Kosmos. “Greg has been an exceptional leader during his more than ten years at Kosmos, responsible for securing start-up capital during the early days, growth capital following the Jubilee discovery, and ultimately leading the company through a successful initial public offering. From the beginning, Greg has been an important member of the senior leadership team. He has played a key role in building Kosmos into a self-funded explorer and we are grateful for his immense contribution to the business.”