Management
Permex Petroleum Announces Resignation of President and CEO, Brad Taillon; Chairman of the Board, Richard Little, to Step in as Interim CEO
OIL · Price
Executive Summary
- President, CEO and Interim CFO Brad Taillon resigns effective January 12, 2026; will remain available to assist with transition.
- Chairman Richard Little assumes interim roles of President, CEO and CFO while the board evaluates strategic growth opportunities.
- The leadership change is presented as a smooth transition with continued focus on maximizing shareholder value.
Key Details
- Brad Taillon steps down after serving as President, CEO and Interim CFO for approximately two years.
- Taillon will stay involved with Permex to help ensure an orderly hand‑over.
- Chairman Richard Little, a board member since October 2024 with over 30 years of industry experience, is appointed interim President, CEO and CFO.
- The board indicated it will continue evaluating strategic growth opportunities during the transition period.
- No immediate changes to operational plans or financial guidance were disclosed.
Notable Quotes
- Brad Taillon: “I am very thankful for the opportunity to lead Permex over the past couple of years… I will do everything I can to help the company during this time and going forward.”
- Richard Little: “During this transition period, we will remain focused on maximizing the value of Permex and delivering for our stakeholders.”