Tethys Petroleum: Bernard Murphy, CFO, Retiring, Denise Lay to be New CFO

Tethys Petroleum has announced that chief financial officer (CFO) Bernard Murphy will retire at the end of January.

Murphy has been at Tethys for seven years. He will be replaced by deputy CFO Denise Lay.

“While I consider it a privilege to have worked with such a talented group of people dedicated to the success of Tethys, I feel that I have reached an age when it is time to focus on some personal non-career objectives,” Murphy said.

“I would state that having worked closely with Denise for the last four years I have little doubt that she and her team will be more than capable of meeting both the current and future challenges as the company pursues its ambitions.”

Executive chairman Dr David Robson said: “Denise Lay has been with the company since 2009. Her upcoming appointment as CFO and finance director marks another step in our ongoing succession planning process, and is in recognition of the vital role she has played since joining the company.

“I would like to congratulate Denise on her promotion and take this opportunity to welcome her to her new role, which she will take up at the end of January. As we strive to continue to build on Tethys’s success, I’m confident Denise will provide strong financial, operational and strategic leadership.”