•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    Clark to retire as Marathon Oil CFO

    Marathon Oil

    Janet F. Clark, executive vice president and CFO of Marathon Oil Corp. (NYSE: MRO), has elected to retire on Oct. 1, 2013, after serving almost 10 years as the company's CFO. The Marathon Oil board of directors has elected John R. (J.R.) Sult to succeed Clark as executive vice president and CFO effective Sept. 3, 2013. Clark will serve as executive vice president, assisting in transition related matters during the month of September.

    Look back: Read OGFJ's interview with Janet F. Clark two years after she took up the position of Marathon CFO

    Sult was a member of El Paso Corp.’s executive management team from 2005 until the company was acquired by Kinder Morgan Inc. in 2012. While with El Paso, he served as executive vice president and CFO from 2010 to 2012 and senior vice president and CFO from 2009 until 2010. Prior to that, he served as senior vice president and controller from 2005 until 2009. Sult currently serves on the board of directors of Dynegy Inc. and as chairman of the board of Boys and Girls Country of Houston Inc. He earned a Bachelor of Science degree with special attainments in commerce from Washington & Lee University, and he is a CPA in the State of Texas.

    "We want to recognize and thank Janet for the substantial contributions she has made to Marathon Oil over the past decade," said Clarence P. Cazalot Jr., executive chairman of Houston-based Marathon Oil. "Maintaining strong financial discipline has been a hallmark of Marathon Oil's commitment to its shareholders and Janet's knowledge and leadership has been critical in guiding the company through periods of extraordinary change. Beyond the many contributions she has made to Marathon Oil's business, she continues to be a stalwart in her community involvement and willingness to share her personal time and financial resources in support of numerous non-profit organizations, particularly in the areas of education and causes benefitting underserved segments of our community. On behalf of all Marathon Oil employees, we wish Janet good health and much happiness in the years ahead."

     

    Related Articles

    The mystery of the SCOOP in Oklahoma

    06/19/2014 A number of independent crude producers are testing the potential of the South Central Oklahoma Oil Province—SCOOP, for short—and liking what they see. It is too early to know if SCOOP will be the ...

    Marathon sells Norway business to Det norske for $2.7 B; retains UK business

    06/02/2014 Marathon Oil Corp. has entered into a definitive agreement with Det norske oljeselskap ASA under which Det norske will purchase Marathon's wholly owned subsidiary, Marathon Oil Norge AS, for a tota...

    New chairman to be introduced at Decom Offshore 2014

    05/22/2014

    Decom Offshore 2014 takes place on May 27 at the Aberdeen Exhibition and Conference Centre in the UK, and it will also see the introduction of Decom North Sea’s new chairman.

    EV Energy Partners, EnerVest report organizational changes

    04/15/2014 EV Energy Partners LP and EnerVest Ltd. have reported organizational changes, including that Terry Wagstaff will assume the position of vice president of acquisitions and engineering at EVEP.

    ENERGY PLAYERS

    04/11/2014

    More Oil & Gas Financial Articles

    The mystery of the SCOOP in Oklahoma

    Thu, Jun 19, 2014

    A number of independent crude producers are testing the potential of the South Central Oklahoma Oil Province—SCOOP, for short—and liking what they see. It is too early to know if SCOOP will be the next big thing in US crude production, but it seems to have a lot going for it. Here, a look at SCOOP, its potential for crude production, and the E&P companies chasing the dream.

    Marathon sells Norway business to Det norske for $2.7 B; retains UK business

    Mon, Jun 2, 2014

    Marathon Oil Corp. has entered into a definitive agreement with Det norske oljeselskap ASA under which Det norske will purchase Marathon's wholly owned subsidiary, Marathon Oil Norge AS, for a total transaction value of $2.7 billion.

    New chairman to be introduced at Decom Offshore 2014

    Thu, May 22, 2014

    Decom Offshore 2014 takes place on May 27 at the Aberdeen Exhibition and Conference Centre in the UK, and it will also see the introduction of Decom North Sea’s new chairman.

    EV Energy Partners, EnerVest report organizational changes

    Tue, Apr 15, 2014

    EV Energy Partners LP and EnerVest Ltd. have reported organizational changes, including that Terry Wagstaff will assume the position of vice president of acquisitions and engineering at EVEP.

    ENERGY PLAYERS

    Fri, Apr 11, 2014

    Most Popular

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ