Tullow founder to step down as CEO, insider to replace him

By Karolin Schaps LONDON (Reuters) - Tullow Oil's long-serving CEO and founder Aidan Heavey is to step down in April and retire within two years and will be replaced as head of the company by Chief Operating Officer Paul McDade from April, the company said on Wednesday. Heavey, who founded Tullow in 1985 and named it after the Irish town where it was set up, will take over as chairman after the company's annual general meeting on April 26, subject to shareholder approval. "The Board and I have l