ConocoPhillips announces Executive Leadership changes

ConocoPhillips has announced the retirement of Jeff Sheets as Executive Vice President, Finance and Chief Financial Officer after more than 35 years with ConocoPhillips. In conjunction with Sheets’ retirement, the company also announced several executive leadership changes to realign responsibilities. The executive leadership changes are summarised below:

Don Wallette, Jr., who currently serves as Executive Vice President, Commercial, Business Development and Corporate Planning, has been named Executive Vice President, Finance, Commercial and chief financial officer.

Al Hirshberg, currently Executive Vice President, Technology and Projects, has been named Executive Vice President, Production, Drilling and Projects. In this role, Hirshberg will oversee the company’s worldwide operations and will also be responsible for drilling, major projects and the HSE function.

Matt Fox, currently Executive Vice President, Exploration and Production, has been named Executive Vice President, Strategy, Exploration and Technology. In this capacity, Fox will be responsible for strategic planning, exploration, business development and technology development.

These appointments are effective 1 April 2016.

“We will miss Jeff’s extensive knowledge and experience, and I want to thank him for his significant contributions throughout his career at ConocoPhillips,” said Ryan Lance, Chairman and CEO. “He has been a valued member of the executive leadership team and played an instrumental role in our transformation as an independent exploration and production company,” added Lance. “I also look forward to continued leadership from Don, Al and Matt in their new roles. This team is well prepared to take on the challenges and opportunities for ConocoPhillips at this important time in our industry.”

Edited from press release by Angharad Lock

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