Canadian independent Talisman Energy has conceded two board seats to repre-sentatives of US activist investor Car Icahn, as the company faces pressure for further North Sea asset sales. It comes as Talisman is seeking a replacement for chief executive Ha Kvisle, who was appointed in 2012 on an interim basis with the mission of streamlining Talisman (WPA, 14 Sep-tember 2012, p5). Icahn increased his Talisman stake to 7pc in October and has said he may discuss “strategic alter natives” with the company. He used his shareholder power to help secure the departure of US firm Chesapeake Ener gy’s co-founder, Aubrey McClendon, in April (WPA, 1 February, p5).
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