HOUSTON, Feb. 29,
2024 /PRNewswire/ -- Marathon Oil Corporation
(NYSE: MRO) announced today that Rob L.
White has been promoted to Executive Vice President and
Chief Financial Officer, effective May 1,
2024, and that Zach Dailey,
Vice President, Internal Audit, will succeed Mr. White as Vice
President, Controller and Chief Accounting Officer, effective
May 1, 2024.
Mr. White will replace Dane
Whitehead, who informed the Company of his intention to
retire from Marathon Oil effective July 1,
2024, following more than 7 years of service. Mr. Whitehead
will continue serving as Executive Vice President and Chief
Financial Officer until May 1, 2024,
at which time he will serve as Advisor to the CEO to allow for the
transition of his responsibilities prior to retirement in
July 2024.
"On behalf of Marathon Oil, I would like to thank Dane for his
outstanding leadership and service to the Company over the past
seven years in his role as Chief Financial Officer. Marathon Oil
has established a truly differentiated track record of sustainable
free cash flow generation and return of capital to our
shareholders, and Dane's contributions to our collective success
have been invaluable. To continue this legacy of excellence, we are
pleased to call upon our deep bench of high-caliber talent. Both
Rob and Zach have proven their capabilities with strong
performance in several leadership roles across our organization and
are well positioned to build upon this strong foundation, " said
Chairman, President and CEO Lee
Tillman.
Mr. White joined Marathon Oil in 1991 and has more than 30 years
of experience in oil & gas accounting and finance. He has
served as Vice President, Controller and Chief Accounting Officer
since March 1, 2022. Prior to that,
he served as Vice President of Internal Audit for the Company from
May 2020 to March 2022, Director of Operations Planning from
January 2018 to May 2020, and Director of Central Evaluation
& Financial Planning from January
2014 to December 2017. Since
joining the Company in 1991, Mr. White also served in various other
leadership positions of increasing responsibility in corporate
planning and domestic and international accounting. He holds a
Bachelor of Science degree in Accounting from Eastern Illinois University and is a licensed
Certified Public Accountant.
Mr. Dailey joined Marathon Oil in 2015 and has more than 17
years of experience in the oil & gas industry. He has served as
Vice President, Internal Audit for the Company since March 2022. Prior to that, he served as Growth
Director – Business Development from March
2021 to March 2022, Director
of Operations Planning from May 2020
to March 2021, Regional Vice
President – Bakken from September
2018 to May 2020, Advisor to
the President and CEO from July to September
2018 and Vice President of Investor Relations from
April 2017 to July 2018. Prior to joining Marathon Oil, Mr.
Dailey served in various finance roles at Linn Energy, Berry
Petroleum Company and Morgan Keegan
& Company. He holds a Bachelor of Arts degree in Political
Science from Vanderbilt University and
an Executive MBA from the University of
Denver.
About Marathon Oil
Marathon Oil (NYSE: MRO) is an
independent oil and gas exploration and production (E&P)
company focused on four of the most competitive resource plays in
the U.S. - Eagle Ford, Texas;
Bakken, North Dakota; STACK and
SCOOP in Oklahoma; and Permian in
New Mexico and Texas, complemented by a world-class
integrated gas business in Equatorial
Guinea.
Marathon Oil's Framework for Success is founded in a strong
balance sheet, ESG excellence and the competitive advantages of a
multi-basin portfolio. For more information, please visit
www.marathonoil.com
Media Relations Contact:
Karina Brooks: 713-296-2191
Investor Relations Contacts:
Guy Baber: 713 296-1892
John Reid: 713 296-4380
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SOURCE Marathon Oil Corporation