EL DORADO, Ark.--(BUSINESS WIRE)--Jun. 20, 2012--
The Board of Directors of Murphy Oil Corporation (NYSE: MUR) (“Murphy”)
today announced the appointment of Steve Cossé as President and Chief
Executive Officer, effectively immediately. David Wood, the Company’s
current President, Chief Executive Officer and member of the Board of
Directors, will retire after a 17-year career at the Company and resign
from his director position. Murphy’s Board of Directors also named Roger
Jenkins, the Company’s Executive Vice President of Exploration &
Production, to the newly-created position of Chief Operating Officer.
Steve Cossé, a current member of Murphy’s Board of Directors, previously
served as Executive Vice President and General Counsel of the Company.
During his tenure at Murphy, Mr. Cossé also held positions as Senior
Vice President, Vice President and Principal Financial Officer. Prior to
joining Murphy in 1991, Mr. Cossé served as General Counsel for
Ocean Drilling & Exploration Company in New Orleans, Louisiana, a NYSE
listed majority owned subsidiary of Murphy at that time.
Roger Jenkins joined Murphy in 2001 and was named Executive Vice
President of Exploration & Production in 2009. He has played a critical
leadership role in the Company’s worldwide exploration and production
operations, including the development of the Kikeh Field in Malaysia and
the Eagle Ford Shale in South Texas. Prior to joining Murphy, Mr.
Jenkins spent 17 years with a major oil company. Mr. Jenkins holds a
bachelor’s degree in Petroleum Engineering from Louisiana State
University, an MBA from Tulane University and completed the Advanced
Management Program from Harvard Business School.
“David has accomplished a great deal during his tenure with the
Company,” the Board of Directors said in a statement. “We are grateful
for his contribution and thank him for his dedication to Murphy.” Mr.
Wood will remain a consultant to Murphy for a period of one year.
About Murphy Oil Corporation
Murphy Oil Corporation is an international oil and gas company that
conducts business through various operating subsidiaries. The Company
produces oil and/or natural gas in the United States, Canada, Malaysia,
the United Kingdom and the Republic of the Congo and conducts
exploration activities worldwide. The Company owns marketing operations
in the United States and the United Kingdom, including a refinery in
Milford Haven, Wales. Murphy Oil USA, Inc. operates a retail gasoline
network of over 1,100 stations in 23 states with these high-volume,
low-cost outlets located primarily in the parking areas of Wal-Mart
Supercenters. In addition, the Company operates a network of six owned
petroleum product terminals and utilizes numerous third party terminals
to provide fuel supply to the retail network.
Source: Murphy Oil Corporation
Murphy Oil Corporation