HOUSTON - Marathon Oil Corporation (NYSE: NYSE:MRO) has announced a reshuffling of its executive team with the promotion of Rob L. White to Executive Vice President and Chief Financial Officer, effective May 1, 2024. Concurrently, Zach Dailey will step into the role of Vice President, Controller, and Chief Accounting Officer, also effective May 1, 2024.
These executive changes come as the current CFO, Dane Whitehead, plans to retire on July 1, 2024, after more than seven years of service with the company. Whitehead will remain in his current role until May 1, after which he will serve as an Advisor to the CEO to ensure a smooth transition of his responsibilities.
Lee Tillman, Chairman, President, and CEO of Marathon Oil, expressed gratitude to Dane Whitehead for his significant contributions to the company's financial success, highlighting the sustainable free cash flow generation and shareholder returns achieved during his tenure.
Rob L. White, Whitehead's successor, has been with Marathon Oil since 1991, amassing over three decades of experience in the oil and gas industry, particularly in accounting and finance. Before his promotion, he served as Vice President, Controller, and Chief Accounting Officer since March 2022, and he has held various leadership positions within the company.
Zach Dailey, who will be taking over White's previous position, joined Marathon Oil in 2015 and has over 17 years of industry experience. He has been the Vice President of Internal Audit since March 2022 and has a history of leadership roles in business development and operations planning.
Marathon Oil is an independent exploration and production company with a focus on resource plays in the U.S. and an integrated gas business in Equatorial Guinea. The company prides itself on its strong balance sheet, commitment to ESG excellence, and a multi-basin portfolio.
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