Woodside (ASX:WPL) share price flat on CEO retirement

The Woodside Petroleum Limited (ASX: WPL) share price is trading flat today on news that CEO Peter Coleman plans to retire next year. At the time of writing, the Woodside share price is down just 0.04% at $23.14. In comparison, the S&P/ASX 200 Index (ASX: XJO) is up 0.3% at 6,692 points.

CEO retirement

The market was advised this morning that Mr Coleman had announced his intention to retire. While the CEO’s exit won’t take effect until the second half of 2021, Woodside has begun to search for a new replacement.

Mr Coleman’s decision to retire comes as the company has set itself up for a bumper year ahead. During the year, management has taken steps to ensure the continuity of its operations. The company says its on track to…