Santos Ltd (ASX: STO) Share Price and News

Mr Spence has over 40 years experience in managing and governing oil and gas operations in Australia, Papua New Guinea, the Netherlands and Africa. A geologist and geophysicist by training, Mr Spence commenced his career as an exploration geologist with Woodside Petroleum Limited in 1977. He subsequently joined Shell (Development) Australia, where he worked for 18 years. In 1994, he was seconded to Woodside to lead the North West Shelf Exploration team. In 1998, he left Shell to join Woodside. He retired from Woodside in 2008, after a 14-year tenure in top executive positions in the company. He has expertise in exploration and appraisal, development, project construction, operations and marketing. On retirement Mr Spence took up several board positions, working in oil and gas, energy, mining, and engineering and construction services and renewable energy. This included Clough Limited, where he served as Chairman from 2010 to 2013; Geodynamics Limited, where he served as a non-executive Director from 2008 to 2016 (including as Chairman from 2010 to 2016); Oil Search Limited, where he served as a non-executive Director from 2012 to 2017; Murray and Roberts Holdings Limited, where he served as a non-executive Director from 2015 to 2020 and Base Resources, where he served as Chairman from 2015 to 2021. Mr Spence is also a past Chair of the National Offshore Petroleum Safety and Environmental Management Authority Board and led the Commonwealth Authority Board and led the Commonwealth Government's Carbon Storage Taskforce. Other current directorships: Non-executive Director of IGO Limited (since 2014). Former directorships in the last three years: Chair of Base Resources Limited (2015 to 2021) and Murray and Roberts Holdings Limited (2015 to 2020).

Dr Doyle's career spans the building materials, research, infrastructure, industrials, superannuation and logistics sectors. This includes senior operational roles at BHP Limited and CSR Limited culminating in her appointment as CEO of CSR's Panel's Division. Dr Doyle was previously Deputy Chairman CSIRO and Chairman of Port Waratah Coal Services and The Hunter Research Foundation. She was Director of Austrade, OneSteel, Boral Ltd, GPT Group Ltd, Bradken Ltd, Knights Rugby League Pty Ltd, State Super Financial Services, Ross Human Resources Ltd and Oil Search Ltd. Other current directorships: Dalrymple Bay Infrastructure Limited (since 2020), NEXTDC Limited (since 2020), Hunter Angels Trust (since 2012) and Airservices Australia (since 2021). Former directorships in the last three years: GPT Group Limited (2010 to 2019), Boral Limited (2010 to 2020) and Oil Search Limited (2016 to 2021).

Ms Allen has experience in finance and investment banking, including senior roles at Deutsche Bank AG, ANZ and HSBC Group Plc. This includes as former Chairman of Macquarie Global Infrastructure Funds, and a former Director of EFIC (Export, Finance and Insurance Corporation). Ms Allen is an independent non-executive Director. She is Chair of the People, Culture Committee, and a member of the Risk Committee. Former directorships in the last three years: Chair of Faethm.ai (2020 to 2021), National Portrait Gallery (2013 to 2022) and Chair of Advance (2018 to 2022). Other current directorships: Director of Cochlear Limited (since 2010), The George Institute for Global Health (since 2014), Acting President of the Australian Government Takeovers Panel (since 2017), Chair of Digital Skills Organisation (since 2020), Chair of Tic:Toc (since 2021) and Director of QBE Insurance (since 2022). Former directorships in the last three years: Chair of Faethm.ai (2020 to 2021), National Portrait Gallery (2013 to 2022) and Chair of Advance (2018 to 2022).

Dr Guthrie has more than 30 years experience in the resources sector in diverse roles such as operations, environment, community and Indigenous affairs, corporate development and sustainability. She has qualifications in geology, environment, law and business management including a PhD in Geology. Dr Guthrie was awarded an Honorary Doctor of Science from Curtin University in 2017 for her contribution to sustainability, innovation and policy leadership in the resources industry. In 2021, she became an Officer of the Order of Australia for her contribution to the mining and resources sector and as a role model for women in business. Other current directorships: AdBri Limited (since 2018)1, Tronox Holdings PLC (since 2019), Lynas Rare Earths Ltd (since 2020), Cricket Australia (since 2021) and Orica Limited (since 2023), Pro-Chancellor of Curtin University, Board member of the Australia- India Council and Infrastructure Australia. Former directorships in the last three years: Director of Australian Broadcasting Corporation (2017 to 2021). She is a member of the People and Culture Committee and the Environment, Health, Safety and Sustainability Committee.

Mr Cowan had a 23-year career with Shell International in various senior commercial and financial roles. His last two roles were as CFO and Director of Shell Oil US and CFO of Shell Nigeria. He was CFO of Fonterra Co-operative Ltd between 2005 and 2009. Other current directorships: Chair of Queensland Sugar Limited (since 2009), the Stahmann Webster Group (since 2021), Port of Brisbane (since 2021), AFF Cotton Pty Ltd (since 2021) and Winson Group Pty Ltd (since 2014) and Director of Ability First Australia (since 2015). Former directorships in the last three years: Health and Plant Protein Ltd (2018 to 2021).

Mr hearl held 18-year career in the oil industry with Exxon in Australia and the USA, Mr Hearl held a variety of senior marketing, operations, logistics and strategic planning positions. He joined YUM Brands (formerly PepsiCo Restaurants) as KFC Australia's Director of Operations in 1991, and subsequently had several senior international leadership roles, as well as President of Pizza Hut USA, before assuming the global role of YUM Brands Chief Operating and Development Officer in 2006, based in Dallas, Texas and Louisville, Kentucky, from where he retired in 2008. Mr Hearl is Chair of the Environment, Health, Safety and Sustainability Committee, a member of the People and Culture Committee.

Mr Gallagher brings more than 25 years international experience in the oil and gas industry. Since joining Santos, Mr Gallagher has led significant transformation and growth of the Company, delivering a competitive advantage in the energy transition. Under his leadership, Santos has become Australias second-largest independent natural gas and liquids producer after implementing a focused strategy to build and grow around five core long-life, producing natural gas assets in Australia, Papua New Guinea and Timor Leste. The strategy has included successful acquisitions of Quadrant Energy and ConocoPhillips Australia-West business, and a merger with Oil Search. Mr Gallagher has implemented a disciplined low-cost operating model and strengthened the balance sheet to support the Company's strategy. This has created a strong cashgenerative business that has delivered a series of record results. He has also positioned Santos to leverage the critical role natural gas will play in delivering energy security through the energy transition to net-zero emissions. Santos made what is believed to be the world's first booking of carbon storage reserves and took FID on one of the world's biggest CCS projects in South Australia's Cooper Basin. Commencing his career in the oil and gas industry as a drilling engineer in Scotland working with Mobil in the North Sea, Mr Gallagher immigrated to Australia to join Woodside in 1998. He was Chief Executive Woodside in 1998. He was Chief Executive Officer at Clough Limited from 2011 until his appointment at Santos.

Ms McArdle has more than 30 years experience in the global oil and gas industry. She most recently spent 13 years with Apache Corporation in the United States, where she held roles including Executive Officer, Senior Vice President of Global Gas Monetization, President of Kitimat LNG CO, and Vice President, Worldwide Oil and Gas Marketing. Prior to joining Apache, she worked with Aquila Energy for nine years in the United States in senior leadership positions and in the United Kingdom, as managing director with P&L responsibilities across trading, mergers and acquisition and e-commerce. Ms McArdle is also the Founder, CEO and President of Apex Strategies, a global consultancy business providing advisory services to companies engaged in midstream and downstream operations within the energy industry. Other current directorships: Member of University of Nebraska's College of Engineering Advisory Board (since 2017), non-executive Director of Antero Midstream Corp (since 2020), Advantage Energy Limited (since 2022) and committee member of TruMarx Data Partners LNG Advisory Committee (since 2020). Former directorships in the last three years: Director of Halcon Resources (2018 to 2019). Ms McArdle is an independent non-executive Director. She is a member of the Risk Committee and the Environment, Health, Safety and Sustainability Committee.

Mr Utsler has more than 40 years of international oil and gas industry experience. He has held senior leadership and executive positions with Amoco, BP (including President of the Gulf Coast Restoration Organisation - GCRO and SVP BP Alaska Exploration); Woodside Energy and New Fortress Energy. In September 2020, Mr Utsler joined Otto Energy as its Chief Executive Officer and Managing Director. He was further appointed Otto Energy's Executive Chairman in November 2020. Mr Utsler is a former non-executive Director of Integrated Asset Solutions and a former Director of Oil Search Limited. He has previously served on a variety of not-forprofit boards including the West Australian Symphony Orchestra. Other current directorships: Chair of Otto Energy (since 2020). Former directorships in the last three years: Oil Search Limited (2021) and Integrated Asset Solutions (2017 to 2021). Mr Utsler is a member of the Risk Committee.

Mr Werror brings over 20 years of leadership experience in the mining and resources sector in Papua New Guinea (PNG). He was Managing Director and Chief Executive Officer of Ok Tedi Mining Limited from June 2020 to December 2022. Mr Werror is currently Chairman of the Western Province Health Authority and a former Director of Oil Search Limited. Other current directorships: Chair of Western Province Health Authority (since 2019). Former directorships in the last three years: Oil Search Limited (2021), Managing Director and CEO of Ok Tedi Mining Ltd (2020 to 2022), Chair of Ok Tedi Development Foundation (2020 to 2022). Mr Werror is a member of the People and Culture Committee.

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