ConocoPhillips announces leadership changes

In connection with Hirshberg’s retirement, the company has also announced a number of changes in executive leadership responsibilities. For example, Matt Fox, who currently serves as Executive Vice President, Strategy, Exploration and Technology, will be named Executive Vice President and Chief Operating Officer. Fox will be responsible for worldwide exploration and production operations, as well as corporate planning and technology. He has more than 30 years of experience in a range of both technical and leadership roles, including leading ConocoPhillips’ exploration and production operations from 2012 to 2016.

In addition to this, Don Wallette Jr., who currently serves as Executive Vice President, Finance, Commercial and Chief Financial Officer, will be named Executive Vice President and Chief Financial Officer. Wallette will be responsible for finance, commercial, acquisitions and divestitures, as well as information technology functions. He also has more than 30 years of experience, and has served in a number of technical and leadership roles at the company, including leading the company’s business development function from 2012 to 2016.

Both appointments, as well as Hirshberg’s retirement, will be made effective on 1 January 2019. Fox and Wallette will continue to report to Chairman and Chief Executive Officer, Ryan Lance.

Lance said: “Al has been an impactful member of our leadership team and I want to thank him for his many contributions to ConocoPhillips.

“Al played a valuable role in our launch as an independent exploration and production company and in the successful execution of our business strategy. We wish him the best in retirement. By taking on expanded roles, Matt and Don will provide strong continuity within the executive leadership team for delivering our disciplined, returns-focused value proposition to all stakeholders.”

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