Murphy Oil Announces Executive Appointment
Mr. Clyde is a partner in Booz & Company’s global energy practice and has over 20 years of experience in management consulting, with specific focus on the downstream value chain and gasoline and convenience retailing. Mr. Clyde has been instrumental in the performance review and analysis of Murphy’s U.S. retail business. He has provided recommendations and assisted with implementation of operational improvements to the business and capital allocation for development projects to grow the network. Mr. Clyde has been leading the development of the business strategy for the U.S. retail company to move forward as a separate entity.
Mr. Clyde joined the Energy, Chemicals and Utilities practice with
Mr. Clyde received a Masters in Management with Distinction from
Steven A. Cossé, President and Chief Executive Officer of
In his new role, Mr. Clyde will report directly to Mr. Cossé until the
completion of the previously announced spin-off of
This press release contains forward-looking statements as defined in
the Private Securities Litigation Reform Act of 1995. These
statements, which express management’s current views concerning future
events or results, including Murphy’s plans to separate its U.S.
downstream business, are subject to inherent risks and uncertainties.
Factors that could cause one or more of the events forecasted in this
press release not to occur include, but are not limited to, a failure to
obtain necessary regulatory approvals, a failure to obtain assurances of
anticipated tax treatment, a deterioration in the business or prospects
of Murphy or
Murphy Oil Corporation
Barry Jeffery, 870-864-6501