Santos chairman set to retire next month

SANTOS has announced that its chairman Ken Borda will retire at the company's annual general meeting on April 30.

Current non-executive director Peter Coates will take over the role of chairman.

Santos is a partner in the GLNG project on Gladstone's Curtis Island.

Mr Coates served as Santos chairman from December 2009 to May 2013, and returns to the role following his time as an executive director assisting with the integration of Glencore and Xstrata.

He said he was pleased to be returning to the role of chairman at "such an exciting time for Santos".

"I look forward to continuing to work with David Knox, the management team and staff, and my fellow directors as we deliver GLNG in the second half of this year."