Phillips Petroleum

(P)

said today that Tom Morris, senior vice president and chief financial officer, will retire from the company on April 30.

Morris is a 34-year veteran of the petroleum company. Since Feb. 1, he has been on special assignment to the company's chairman and CEO, Jim Mulva. John Carrig, formerly the company's senior vice president and treasurer, replaced Morris.

TheStreet Recommends

Morris has been the company's chief financial officer since 1995.

Shares of Phillips, which is based in Bartlesville, Okla., gained 35 cents, or 0.6%, to $56.10 in recent

New York Stock Exchange

trading.