Tellurian names Daniel Belhumeur president as new chair takes charge
HOUSTON (Reuters) -Tellurian said on Monday it appointed a new president and general counsel, days after the U.S. liquefied natural gas (LNG) developer ousted co-founder Charif Souki as chairman. The company's shares were off 15% to about 64 cents a share as investors digested Friday's shake-up that will see co-founder Martin Houston take over as chairman and Daniel Belhumeur as president. Tellurian will pay Souki at least $6 million in cash as part of its decision to remove him from all executive roles without cause, according to a Tellurian proxy filings.