Murphy Oil USA, Inc. (“MOUSA”), a wholly owned subsidiary of Murphy Oil Corporation (NYSE:MUR), announced today the members of its executive team in preparation for the spin-off of the U.S. Retail business later this year.
currently Executive Vice President Marketing MOUSA, will lead our marketing operations including fuel, merchandise, and asset development.
currently Vice President and Treasurer Murphy Oil Corporation, will be ultimately responsible for Murphy Oil USA, Inc. finance and accounting functions.
currently Senior Vice President Field Operations MOUSA, will be responsible for all field operations.
currently Senior Vice President Field Operations MOUSA, will be responsible for retail operations support.
currently Senior Vice President Worldwide Refining & Renewable Energy MOUSA, will be responsible for ethanol manufacturing operations and terminal operations.
currently Manager Law and Corporate Secretary Murphy Oil Corporation, will ultimately have responsibility for the legal, insurance, and human resources functions.
Andrew Clyde, President and Chief Executive Officer of Murphy Oil USA, Inc., said in a statement, “Establishing this leadership team is a major step in preparing Murphy USA to become a successful stand-alone company. I look forward to working with this talented and capable team to ensure Murphy USA’s future growth and success.”
Rudolfs, Goodwin, Cheng and Hunkus will report to Andrew Clyde, effective immediately with West and Moore assuming their new roles concurrent with the spin.
This press release contains forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. These statements, which express management’s current views concerning future events or results, including Murphy’s plans to separate its U.S. downstream business, are subject to inherent risks and uncertainties. Factors that could cause one or more of the events forecasted in this press release not to occur include, but are not limited to, a failure to obtain necessary regulatory approvals, a failure to obtain assurances of anticipated tax treatment, a deterioration in the business or prospects of Murphy or Murphy Oil USA, Inc., adverse developments in Murphy or Murphy Oil USA, Inc.’s markets or adverse developments in the U.S. or global capital markets, credit markets or economies generally. For further discussion of risk factors, see Murphy’s 2011 Annual Report on Form 10-K and the September 30, 2012 Quarterly Report on Form 10-Q on file with the U.S. Securities and Exchange Commission. Murphy undertakes no duty to publicly update or revise any forward-looking statements.