Talos Energy (TALO) announces CFO resignation, interim appointed

Talos Energy Inc. ("Talos" or the "Company") (NYSE: TALO) today announced that Gregory M. Babcock, the current Vice President and Chief Accounting Officer, has been appointed Interim Chief Financial Officer ("Interim CFO") of the Company, effective June 28, 2025 to replace Sergio L. Maiworm Jr., the Company's Executive Vice President and CFO, who has chosen to pursue a new opportunity. Mr. Maiworm will remain with Talos and continue to serve as Chief Financial Officer of the Company for a transitional period through June 27, 2025.

Mr. Babcock has more than 17 years of industry experience. He joined Talos in 2014 and has served in his current position since 2019, where he has collaborated closely with Mr. Maiworm. As Interim CFO, Mr. Babcock will report directly to the CEO.

"Sergio has been a valued member of our executive team, and we appreciate his leadership, integrity, and many contributions to Talos over the years. We wish him continued success in this next chapter of his career," said Paul Goodfellow, President and Chief Executive Officer of Talos. "At the same time, I am pleased to continue working closely with Greg. Greg has demonstrated a strong financial acumen during his time at Talos and he is well positioned to step into the Interim CFO position. We look forward to Greg's continued contributions to the Company."

This leadership change is not related to any issues involving the Company's financial reporting or internal controls. Talos reaffirms its production guidance for the second quarter of 2025, as well as its operational and financial guidance for the full year 2025.

The Company has initiated a comprehensive search for a permanent Chief Financial Officer.

Mr. Babcock has been a member of the Talos's finance and accounting department for the past eleven years, serving as Chief Accounting Officer since August 2019 and promoted to Vice President and Chief Accounting Officer in March 2021. Mr. Babcock also served as the Company's Corporate Controller from May 2018 to August 2019, as Assistant Controller from September 2015 to May 2018, and as Financial Reporting Manager from May 2014 to September 2015. Prior to joining Talos, Mr. Babcock worked for Deloitte & Touche, holding positions of increasing responsibility in audit and mergers and acquisitions transaction services. Mr. Babcock is a Certified Public Accountant and holds a M.S. in Finance and B.B.A. in Accounting from Texas A&M University.

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