MURPHY OIL CORPORATION (NYSE:MUR) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On February 7, 2019, Murphy Oil Corporation (the “Company”) announced the retirement effective February 28, 2019, of Eugene T. (Gene) Coleman, Executive Vice President, Exploration & Business Development, of the Company. Upon his retirement, Mr. Coleman will enter into a consultancy agreement with the Company to serve as a consultant to the Company for a one-year period commencing on April 1, 2019, subject to earlier termination to its terms.The agreement will provide that Mr. Coleman will receive $30,000 per month and will contain standard industry provisions including non-compete and non-solicitation of Company employees’ restrictions.
Upon Mr. Coleman’s retirement, Michael K. (Mike) McFadyen, Executive Vice President, Offshore, will assume oversight of the Company’s exploration strategies and David R. Looney, Executive Vice President & Chief Financial Officer, will assume oversight of the Company’s business development strategies.
A full text of a news release announcing Mr. Coleman’s retirement is attached as Exhibit 99.1 and incorporated herein by reference.
Item 9.01.Financial Statements and Exhibits
MURPHY OIL CORP /DE Exhibit
EX-99.1 2 mur-20190207xex99_1.htm EX-99.1 Exhibit 991 – Departure of an Executive Exhibit 99.1 MURPHY OIL CORPORATION ANNOUNCES LEADERSHIP CHANGES EL DORADO,…
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About MURPHY OIL CORPORATION (NYSE:MUR)
Murphy Oil Corporation is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. The Company’s exploration and production activities are subdivided into four geographic segments, including the United States, Canada, Malaysia and all other countries. The Company’s principal exploration and production activities are conducted in the United States by Murphy Exploration & Production Company-USA (Murphy Expro USA), in Malaysia, Australia, Brunei, Vietnam, and Namibia by Murphy Exploration & Production Company-International (Murphy Expro International) and its subsidiaries, and in Western Canada and offshore Eastern Canada by Murphy Oil Company Ltd. (MOCL) and its subsidiaries. The Company’s crude oil, condensate and natural gas liquids production averages to approximately 136,634 barrels per day.
