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Cobalt names ex-BHP exec Timothy J. Cutt as CEO

Timothy J. CuttCobalt International Energy, Inc., an exploration company, appoints Timothy J. Cutt as chief executive officer and as a Class I member of the board of directors, each effective July 2, 2016.
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Mr. Cutt brings over 30 years of oil and gas experience, most recently as President, Petroleum of BHP Billiton where he was accountable for its global oil and gas business.

Mr. Cutt served as President, Petroleum of BHP Billiton, accountable for its global oil and gas business from July 2013 until March 2016.

Mr. Cutt joined BHP Billiton in 2007 as the President of the Production Division in the Petroleum business where he was accountable for running operations in the UK, Pakistan, Trinidad & Tobago, Algeria, Australia and the US. During this time, he was instrumental in building the operating capacity for BHP Billiton’s Deepwater Business.

Before joining BHP Billiton, Mr. Cutt held positions in engineering, operations and senior management for 25 years with Mobil Oil Corporation and then ExxonMobil.

During this time he spent 10 years supporting exploration and production activities in the Gulf of Mexico and held positions of President Hibernia Management and Development Co. and President of ExxonMobil de Venezuela.

Mr. Cutt is a graduate of Louisiana Tech University with a Bachelor of Science Degree in Petroleum Engineering.

He assumes the CEO role from Joseph H. Bryant who has resigned as the Company’s Chairman of the Board and Chief Executive Officer, and as a member of the Board of Directors, each effective June 1, 2016.

In connection with Mr. Bryant’s resignation, William P. Utt, the Company’s lead independent director, has been appointed as Interim Chairman of the Board of Directors and Van P. Whitfield, the Company’s Executive Vice President and Chief Operating Officer, has been appointed as Interim Chief Executive Officer, each effective June 1, 2016.

In addition, Mr. Whitfield has been appointed as a Class II member of the Board of Directors.



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