Papua New Guinea
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Time out for Santos chief

The Santos board said it had approved of a flexible working arrangement for the managing director, saying Gallagher would "step back" from several external commitments.

Energy firm Santos is based in South Australia but has operational and exploration interests in Papua New Guinea.

He would also delegate some non-strategic day-to-day functions to members of the executive leadership team.

The arrangement applies until the end of 2023.

Gallagher, the board said, would continue in his role as managing director and CEO, leading the Santos executive leadership in overseeing key growth initiatives and strategic imperatives.

"External commitments to be delegated will include participation in industry bodies, conferences and extended overseas or domestic travel.

"This is to allow Gallagher to spend more time with his family in Adelaide and to provide the flexibility to attend to family commitments and undertake his work between the office and home."

Board chairman Keith Spence said the board fully supported Gallagher's decision and had full confidence that he would continue to execute his role effectively under these arrangements.