Santos leadership includes the board members and the management leadership team, comprising both the executive team (“Excom”) and key non-executive leaders.
The Board is responsible for overseeing the performance and operations of the Company. The Board’s overriding objective is to safely and sustainably increase shareholder value within a business framework which protects shareholders’ interests. The Board seeks to ensure that management implements sound strategies and develops an integrated framework of risk management and control.
BSc (First Class Honours in Geophysics), FAIM
Mr Spence is an independent non-executive Director. He joined the Board on 1 January 2018 and became Chairman on 19 February 2018. He is Chairman of Santos Finance Ltd and Chair of the Nomination Committee.
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, including Chief Operating Officer and Acting Chief Executive Officer. He has expertise in exploration and appraisal, development, project construction, operations and marketing.
Upon his retirement he 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, and Murray and Roberts Holdings Limited where he served as a non-executive Director from 2015 to 2020. Mr Spence is also a past Chair of the National Offshore Petroleum Safety and Environmental Management Authority Board and led the Commonwealth Government’s Carbon Storage Taskforce reporting to the Minister for Resources, Energy and Tourism.
Mr Spence is currently Chairman of Base Resources Limited (since 2015) and a non-executive Director of Independence Group NL (since 2014).
MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER
BEng (Mechanical) Hons, FIEAust
Mr Gallagher joined Santos as Managing Director and Chief Executive Officer on 1 February 2016, bringing more than 25 years’ international experience in oil and gas operations. Mr Gallagher is a member of the Environment, Health, Safety and Sustainability Committee and is also a Director of Santos Finance Limited. In 2019, he was elected Chairman of the Board of the Australian Petroleum Production & Exploration Association (APPEA).
Mr Gallagher commenced his career as a drilling engineer with Mobil North Sea, before joining Woodside in Australia in 1998. At Woodside, Mr Gallagher led the drilling organisation through rapid growth, delivering several Australian and international development projects and exploration campaigns, before leading the Australian oil business. Then, as CEO of the North West Shelf Venture, he was responsible for production from Australia’s first-ever LNG project, which underpinned a new domestic gas market, fuelling the mining sector and other industries in Western Australia.
In 2011 Mr Gallagher joined ASX listed Clough Limited as CEO and Managing Director where, over four years, he transformed the business and delivered record financial results. He oversaw the development of innovative programs to improve safety and drive productivity and executed an international expansion strategy. Following the successful turnaround at Clough, Mr Gallagher led the eventual sale of Clough Limited to their major shareholder Murray and Roberts.
Since joining Santos Mr Gallagher has restructured the company and implemented the Transform Build and Grow strategy focussed on five core asset hubs, significantly reduced costs and instituted a disciplined operating model, strengthened the balance sheet and improved production. Under Mr Gallagher’s leadership, Santos is now focussed on a long-life portfolio of natural gas assets with some exciting oil and liquids opportunities and is progressing a world-leading carbon capture and storage project in the Cooper Basin that can be an enabler for a transition to a future hydrogen business. The company is well positioned to deliver significant growth and sustainable returns to shareholders throughout the commodity price cycle.
Ms Allen is an independent non-executive Director. She joined the Board on 22 October 2014 and is the Chair of the People, Remuneration and Culture Committee and a member of the Audit and Risk Committee and Nomination Committee.
Ms Allen has extensive experience in finance and investment banking, including senior roles at Deutsche Bank AG, ANZ and HSBC Group Plc, as former Chairman of Macquarie Global Infrastructure Funds, and a former Director of EFIC (Export, Finance and Insurance Corporation). She is a Director of Cochlear Limited (since 2010), chairs its Audit Committee and is a member of the Nomination and Remuneration Committee.
Ms Allen is also Director of ASX Limited (since 2015), a Director of the ASX Clearing and Settlement boards and a member of its Audit Committee.
Ms Allen is also a Director of the National Portrait Gallery (since 2013) and is a member of the George Institute for Global Health Board (since 2014). She is Chair of Advance (since 2018), Chair of the Digital Skills Organisation (since 2020) and Faethm.ai (since 2020), member of the Australian Government Takeovers Panel (since 2017) and is a member (and former Council member) of Chief Executive Women.
Ms Allen is a former non-executive Director of Insurance Australia Group Limited (2004 to 2015) and a former national Director (2010 to 2016), and acting Chair (2015 to 2016), of the Australian Institute of Company Directors.
BSc (Hons) Engineering, FCA (UK) MAICD
Mr Cowan is an independent non-executive Director. He joined the Board on 10 May 2016 and is the Chair of the Audit and Risk Committee and a Director of Santos Finance Limited.
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.
Mr Cowan is currently Chairman of Queensland Sugar Limited (since 2015) and Buderim Ginger Ltd (since 2018), the Stahmann Webster Group (since 2021) and Port of Brisbane (since 2021), and sits on the Board of Winson Group Pty Ltd and Ability First Australia. He is a past Director of UGL Limited (2008 to 2017) where he chaired the Health and Safety Committee. Mr Cowan is also a former Director of Coffey International (2012 to 2016) and Ludowici Limited (2009 to 2012) where he chaired the Audit and Risk Committees for both companies. Mr Cowan was also a Shell-appointed alternative director of Woodside between 1992 and 1995.
BEng (Hons) Mech Eng
Mr Goh is an independent non-executive Director. He joined the Board on 22 October 2012 and is a member of the Environment, Health, Safety and Sustainability Committee, Audit and Risk Committee and Nomination Committee.
Mr Goh has more than 35 years’ experience in the global oil and gas industry, having spent 25 years with Schlumberger Limited, including as President of Network and Infrastructure Solutions division in London, President of Asia, and Vice President and General Manager of China. He previously held managerial and staff positions in Asia, the Middle East and Europe. Mr Goh commenced his career as a field engineer on the rigs in Indonesia and subsequently in Roma and Sale in Australia.
Mr Goh is a non-executive Director of Stora Enso Oyj (Finland) (since 2012), AB SKF (Sweden) (since 2014) and Vesuvius PLC (UK) (since 2015).
He was previously the Chairman of Advent Energy Ltd (2007 to 2019) and MEC Resources Ltd (2006 to 2018), a non-executive Director of Harbour Energy (US) (2015-2018) and BPH Energy Ltd (2007 to 2015), an Operating Partner of Baird Capital Partners Asia, based in China, (2007 to 2012), and a non-executive Director of Xaloy Holding Inc in the US (2006 to 2008).
MBA in International Business
Mr Shi is a non-executive Director. He was re-appointed to the Board on 31 December 2020 as the nominee of a substantial shareholder after being on the Santos Board from June 2017 to May 2019.
Mr Shi has more than 20 years of professional experience, including five years in management consultancy and 15 years in senior management roles. His industry experience covers energy, automobile, health care, retail and finance in Europe and Asia-Pacific. His specialties include M&A and restructuring, strategy, value management, and cost optimisation.
Mr Shi is currently the ENN Group Chief Director in Finance, M&A and Value Operation. His previous roles include Department Head of Business Performance Service with KPMG China and Transformation Service with KPMG Europe.
Dr Vanessa Guthrie
Hon DSc, PhD, BSc (Hons)
Dr Guthrie is an independent non-executive Director. She joined the Board on 1 July 2017 and is a member of the Environment, Health, Safety and Sustainability Committee and the People, Remuneration and Culture Committee.
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. She 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. She is an active member of the Australian Institute of Company Directors and Chief Executive Women, and a Fellow of the Australian Academy of Technological Sciences and Engineering.
Dr Guthrie is the former Managing Director and CEO of Toro Energy Limited (2013 to 2016), VP Sustainable Development at Woodside Energy, Chair of the Minerals Council of Australia, and non-executive Director of Vimy Resources Limited. She is currently a non-executive Director of the Australian Broadcasting Corporation (since 2017), Tronox Holdings PLC (since 2019), Lynas Rare Earths Ltd (since 2020) and Cricket Australia (since 2021), a Lead Independent Director of Adelaide Brighton Limited (since 2018), Pro-Chancellor of Curtin University, member of the Australia-India Council and member of the Vocational Education and Training Expert Skills Panel.
BComm (with Merit), FAICD, MAIM, MAMA
Mr Hearl is an independent non-executive Director. He joined the Board on 10 May 2016 and is Chair of the Environment, Health, Safety and Sustainability Committee and a member of the People, Remuneration and Culture Committee and the Nomination Committee; having earlier served on Santos’ Audit and Risk Committee.
During an 18-year career in the oil industry with Exxon in Australia and the USA, he held a variety of senior marketing, operations, logistics and strategic planning positions. Mr Hearl joined YUM Brands (formerly PepsiCo) as KFC Australia’s Director of Operations in 1991 and subsequently had several senior international leadership roles as well as being 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, and from where he retired in 2008.
Mr Hearl is currently a non-executive Director of Australia’s largest telecommunications company, Telstra Ltd (since 2014), and chairs its Remuneration Committee. He is the Chairman-elect of the planned IPO of Woolworths’ Endeavour Group Ltd (since 2019), and Trustee of the Stepping Stone Foundation, a Sydney-based NFP (since 2020), and member of its Investment Committee (since 2018).
Mr Hearl is the former Chair of Woolworth Petrol Pty Ltd and former non-executive Director of the Australian listed global wine company, Treasury Wine Estates (2012 to 2017), where he chaired the Remuneration Committee and served on the Audit and Risk Committee. He was also a non-executive Director of Goodman Fielder Ltd from 2010 until that company was sold to overseas interests in 2015.
BS (Chemical Engineering), MBA
Ms McArdle is an independent non-executive Director. She joined the Board on 23 October 2019 and is a member of the Audit and Risk Committee and the Environment, Health, Safety and Sustainability Committee.
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, with P&L responsibilities across trading, mergers and acquisitions 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.
She is currently a member of the University of Nebraska’s College of Engineering Advisory Board (since 2017), a non-executive Director of Antero Midstream Corp (since 2020) and committee member of TruMarx Data Partners’ LNG Advisory Committee (since 2020).
Ms McArdle is a former independent Director of Halcon Resources (2018 to 2019), the Palmer Drug Abuse Program in Houston TX (2003 to 2018) and Intercontinental Exchange Corp (2000 to 2002).