SYDNEY, AAP – Woodside Petroleum CEO Peter Coleman will retire in June, with Meg O’Neill taking over as Acting CEO as the company’s board continues its search for the next chief officer.

Mr Coleman will step down from the Woodside Board on April 19 and will continue to work with Woodside until his retirement on June 3, the board said in a statement on Tuesday night.

It was announced in December that Mr Coleman intended to retire this year, having served 10 years in the role of CEO.

Meg O’Neill is Woodside’s Executive Vice President Development and Marketing, and will be appointed Acting CEO from April 20.

Woodside Chairman Richard Goyder thanked Mr Coleman for his leadership.

“Peter has been an outstanding CEO, creating a resilient and future-focused organisation.

“Throughout his time at the helm of Woodside, Peter has demonstrated a commitment to promoting inclusion and diversity, operational excellence, a safe workplace, prudent capital management and maintenance of a strong balance sheet,” Mr Goyder said.

Ms O’Neill joined Woodside as Chief Operations Officer in May 2018 after working for ExxonMobil.