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Billionaire Carlos Slim-backed Talos Energy surprises oil and gas industry with surprise CEO departure

Tim Duncan, who was also one of the company’s founders, stepped down on Thursday. Board member Joseph Mills will serve as interim CEO. Earlier this month, Carlos Slim, Latin America’s richest person, took advantage of the equity-market selloff to boost his stake in Houston-based Talos, which focuses on oil exploration and production in the Gulf of Mexico.

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