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
TheStreet Open House

Murphy Oil Announces Executive Appointment

Stocks in this article: MUR

Murphy Oil Corporation (NYSE:MUR) announced today the appointment of R. Andrew Clyde as President and Chief Executive Officer of Murphy Oil USA, Inc., the U.S. retail marketing subsidiary of Murphy Oil Corporation. Murphy Oil USA, Inc. currently has over 1,150 U.S. retail locations and recently announced an agreement with Wal-Mart Stores, Inc. to provide access to over 200 new locations in the Midwest and Southeast United States.

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 Booz & Company in Dallas in 1993. He has served as Managing Partner of the Dallas office since 2007 and has been the Practice Leader of the North American Energy, Chemicals and Utilities practice since 2010.

Mr. Clyde received a Masters in Management with Distinction from Kellogg School of Management at Northwestern University. He received a BBA in Accounting and a minor in Geology from Southern Methodist University.

Steven A. Cossé, President and Chief Executive Officer of Murphy Oil Corporation, said in a statement, “Andrew has been intimately involved with the Murphy USA business for several years and has been instrumental in preparing the retail business for our upcoming spin-off. I look forward to working with him to complete the process of separating into two strong but distinct businesses.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

Jim Cramer's protégé, 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
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, 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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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 17,387.21 -291.49 -1.65%
S&P 500 2,029.55 -27.54 -1.34%
NASDAQ 4,681.4970 -90.2660 -1.89%

Partners Compare Online Brokers

Free Reports

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