This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Murphy Oil Corporation Announces Executive Management Changes

Stocks in this article: MUR

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.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,828.24 +0.49 0.00%
S&P 500 2,067.56 -5.27 -0.25%
NASDAQ 4,791.63 +4.3130 0.09%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs