Talos Energy (TALO) Announces Management Changes

Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that Mr. Joseph A. Mills has resigned as Interim President and Chief Executive Officer and a member of the Board to pursue other opportunities, with immediate effect. At the same time, the Company announced that it has identified a finalist candidate to serve as the Company's permanent Chief Executive Officer and is in the final stages of the process with this candidate.

Talos's Board, in partnership with an external search firm, has conducted a search for a new permanent Chief Executive Officer. Talos expects that the finalist candidate will join the Company by the end of the first quarter of 2025.

"We are pleased with the progress we have made in identifying a CEO candidate," said Neal P. Goldman, chairman of Talos's Board of Directors. "After a thorough search process, we believe we have identified a strong candidate for the position. We will announce the appointment once details have been finalized. What has been most important to us in this search process is finding a permanent CEO who shares the Board's strategic vision for the business and has the experience and ability to build upon Talos's strong current position. We feel confident this search process is close to that outcome."

In addition, Talos reiterates its 2024 full year production guidance issued on November 11, 2024. The Company continues to expect average daily production of 91.0 – 94.0 thousand barrels of oil equivalent per day.

Talos confirms that Mr. Mills's departure is unrelated to any operational issues or accounting matters. The Company has no other material financial or operational updates at this time.

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