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USA: Management Change Conoco Phillips Grants New Designations Post Retirement of Executive Leader

| Editor: Ahlam Rais

Matt Fox has been named as Executive Vice President and Chief Operating Officer whereas Don Wallette has been selected as Executive Vice President and Chief Financial Officer of Conoco Phillips.

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The appointments are effective from January 1, 2019.
The appointments are effective from January 1, 2019.
(Source: Deposit Photos)

Texas/USA – Conoco Phillips has recently announced the retirement of Al Hirshberg as Executive Vice President, Production, Drilling and Projects after more than 35 years of industry service, including eight years with Conoco Phillips. In conjunction with Hirshberg’s retirement, the company also announced the realignment of executive leadership responsibilities, as follows:

• Matt Fox, currently Executive Vice President, Strategy, Exploration and Technology, will be named Executive Vice President and Chief Operating Officer. Matt will undertake the responsibility for worldwide exploration and production operations, corporate planning and technology. Fox has over 30 years of industry experience in a broad range of technical and leadership roles, including leading Conoco Phillips’ exploration and production operations from 2012-2016.

• Don Wallette, Jr., currently Executive Vice President, Finance, Commercial and Chief Financial Officer, will be named Executive Vice President and Chief Financial Officer. Don will be in charge of the finance, commercial, acquisitions and divestitures, and information technology functions. Wallette has over 30 years of experience and has served in several technical and leadership roles in Conoco Phillips, including spearheading the company’s business development function from 2012-2016.

These appointments are effective from January 1, 2019. Hirshberg will remain in his current position until that date to provide support during the transition of his responsibilities. Fox and Wallette will continue to report to Chairman and Chief Executive Officer Ryan Lance.

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