Tellurian Inc. announced leadership changes ahead of its CEO's previously announced departure. Octávio Simões stepped down from his CEO position on March 15 and became senior commercial adviser for the company ahead of his retirement in June, the natural gas company said March 18. The board of directors elected to not renew or extend CEO Octávio Simões' employment after his contract ends on June 5, 2024.

Daniel Belhumeur, president of the company, now is company's principal executive officer and co-principal operating officer following Simões' resignation from the CEO role. Belhumeur oversees finance, investor relations, legal, public and government affairs and human resources.