Marathon Oil Corp. has promoted Rob L. White to govt vice chairman and chief monetary officer efficient Could 1, 2024. The corporate stated in a media assertion that Zach Dailey, vice chairman for inside audit, will succeed White as vice chairman, controller and chief accounting officer, efficient Could 1, 2024, as effectively.
White in the meantime will substitute Dane Whitehead, who intends to retire from Marathon Oil efficient July 1, 2024, following greater than seven years of service. Whitehead will proceed serving as govt vice chairman and chief monetary officer till Could 1, 2024, at which era he’ll function advisor to the CEO to permit for the transition of his duties earlier than retirement.
“On behalf of Marathon Oil, I want to thank Dane for his excellent management and repair to the Firm over the previous seven years in his position as Chief Monetary Officer. Marathon Oil has established a really differentiated monitor file of sustainable free money stream era and return of capital to our shareholders, and Dane’s contributions to our collective success have been invaluable”, stated Chairman, President and CEO Lee Tillman.
“To proceed this legacy of excellence, we’re happy to name upon our deep bench of high-caliber expertise. Each Rob and Zach have confirmed their capabilities with robust efficiency in a number of management roles throughout our group and are effectively positioned to construct upon this robust basis”.
White joined Marathon Oil in 1991 and has greater than 30 years of expertise in oil and gasoline accounting and finance. He has served as vice chairman, controller and chief accounting officer since March 1, 2022. Earlier than that, he served as vice chairman of inside audit for the corporate from Could 2020 to March 2022, director of operations planning from January 2018 to Could 2020, and director of central analysis and monetary planning from January 2014 to December 2017, the corporate stated.
Dailey joined Marathon Oil in 2015 and has greater than 17 years of expertise within the oil and gasoline trade. He has served as vice chairman for inside audit on the firm since March 2022. Earlier than that, he served as development director for enterprise improvement from March 2021 to March 2022, director of operations planning from Could 2020 to March 2021, regional vice chairman for Bakken from September 2018 to Could 2020, advisor to the president and CEO from July to September 2018 and vice chairman of investor relations from April 2017 to July 2018, Marathon Oil stated.
Earlier than becoming a member of Marathon Oil, Dailey served in varied finance roles at Linn Power, Berry Petroleum Co. and Morgan Keegan & Co.
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