(Bloomberg) -- LNG export developer Tellurian Inc. shares dropped as much as 25% Monday, the most since November, after announcing that it appointed a new president of its company assets, while its CEO Octávio Simões moves into an advisory role ahead of his previously-announced June retirement. 

  • New president Samik Mukherjee and Tellurian President Daniel Belhumeur will jointly manage co.’s commercial activities
  • Monday announcement follows the ouster of Tellurian co-founder Charif Souki in late December
  • READ MORE: Tellurian Shifts CEO to Advisory Role in Leadership Changes

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