Murphy Oil Corp. 10 directors who are expected to serve on the Board for Murphy USA Inc., after completion of a spin off later this year.
Murphy USA Inc., currently a subsidiary of Murphy Oil Corp., will become a stand-alone company focused primarily on the marketing of retail fuel and convenience merchandise.
R. Madison Murphy will serve as chairman of the Board of Murphy USA Inc. He has been a director of Murphy Oil Corp. since 1993 and serves on its Executive Committee and as chair of the Audit Committee. He was chairman of the Board of Directors of Murphy Oil from 1994 to 2004 and chief financial officer of Murphy Oil from 1992 to 1994. Murphy has served on the Board of Directors of Deltic Timber Corp. since Dec. 17, 1996.
As previously announced, R. Andrew Clyde will serve as president and CEO of Murphy USA Inc. Clyde served Booz & Co. (and prior to August 2008, Booz Allen Hamilton) in its global energy practice. He joined the firm in 1993, was elected partner in 2000 and held leadership roles as North American Energy Practice leader and Dallas office managing partner and serving on the firm’s Board Nominating Committee. He worked with downstream petroleum and retail clients on engagements focused on corporate and business unit strategy, organization design and effectiveness and performance improvement.
Claiborne Deming has served as chairman of the Board of Murphy Oil Corp. since March 2012, and is also chairman of its Executive Committee. He served as president and CEO of Murphy Oil from Oct. 1, 1994 to Dec. 31, 2008. Prior to assuming that position, he served as executive vice president and chief operating officer and had served previously as president of Murphy Oil USA Inc.
Thomas Gattle, Jr. has served as chairman of the Board, president and CEO of Terral RiverService Inc. since 1992. Terral RiverService Inc. is a private company, which employs 225 people and which operates fertilizer product terminals, boats and barges on the lower Mississippi River and its connected inland waterways.
Robert Hermes has been a director of Murphy Oil Corp. since 1999 and serves as a member of the Executive Committee, Nominating & Governance Committee and Environmental, Health & Safety Committee. He was chairman of the Board of Purvin & Gertz Inc., an international energy consulting firm before his retirement in 2005.
Fred Holliger was chairman and CEO of Giant Industries, a NYSE petroleum refining and retail convenience store company from 2005 until 2007 when it was merged with Western Refining Co. Holliger was president and chief operating officer of Giant Industries for the previous 16 years. He is a former director of the National Petroleum Refinery Association and the New Mexico Oil and Gas Association.
The Reverend Dr. Christoph Keller, III has been a director of Deltic Timber Corp. since Dec. 17, 1996 and is a member of the Executive Compensation Committee and chair of the Nominating and Corporate Governance Committee of Deltic Timber Corp.
James Keyes is currently chairman and CEO of Wild Oats LLC. He was CEO of 7-Eleven Inc. from 2000 to 2005 and held a variety of other positions prior to that in his 21 year career, including chief financial officer and chief operating officer. Keyes was chairman and CEO of Blockbuster from 2007 to 2011.
Diane Landen is owner and president of Vantage Communications Inc. where she has over 20 years of experience in investment management, communications, and broadcast property ownership. She also serves as vice chairman and executive vice president of Noalmark Broadcasting Corp., which is a radio and media company which owns and operates radio stations in multiple markets in Arkansas and New Mexico.
Jack Taylor has been a director of Sempra Energy since February 2013 and serves as a member of the Audit; Environmental, Health, Safety and Technology; and LNG Joint Venture and Financing Committees. He was the chief operating officer-Americas and executive vice chair of U.S. Operations for KPMG LLP from 2005 to 2010. From 2001 to 2005 he served as the vice chairman of U.S. Audit and Risk Advisory Services for KPMG LLP. Taylor is a director of Christus Schumpert Health System Foundation.
“I am pleased with the strength and composition of our Board which will carry continuity, new expertise, and deep and relevant knowledge of our business,” Madison Murphy said. “I look forward to working with this Board to drive long-term success for Murphy USA Inc., and its shareholders.”
The final effective date and terms of the spin-off of Murphy USA Inc., are subject to the approval by the Murphy Oil Corp. board of directors and the satisfaction or waiver of other conditions and regulatory requirements.