HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today announced the retirement of Al Hirshberg as executive vice president, Production, Drilling and Projects after more than 35 years of industry service, including eight years with ConocoPhillips. In conjunction with Hirshberg’s retirement, the company also announced the realignment of executive leadership responsibilities, as follows:
- Matt Fox, currently executive vice president, Strategy, Exploration and Technology, will be named executive vice president and chief operating officer. Matt will have responsibility for worldwide exploration and production operations, corporate planning and technology. Fox has over 30 years of industry experience in a broad range of technical and leadership roles, including leading ConocoPhillips’ exploration and production operations from 2012-2016.
- Don Wallette, Jr., currently executive vice president, Finance, Commercial and chief financial officer, will be named executive vice president and chief financial officer. Don will have responsibility for the finance, commercial, acquisitions and divestitures, and information technology functions. Wallette has over 30 years of experience and has served in several technical and leadership roles in ConocoPhillips, including leading the company’s business development function from 2012-2016.
These appointments are effective on Jan. 1, 2019. Hirshberg will remain in his current position until that date to provide support during the transition of his responsibilities. Fox and Wallette will continue to report to Chairman and Chief Executive Officer Ryan Lance.
“Al has been an impactful member of our leadership team and I want to thank him for his many contributions to ConocoPhillips,” said Ryan Lance. “Al played a valuable role in our launch as an independent exploration and production company and in the successful execution of our business strategy. We wish him the best in retirement. By taking on expanded roles, Matt and Don will provide strong continuity within the executive leadership team for delivering our disciplined, returns-focused value proposition to all stakeholders.”
ConocoPhillips is the world’s largest independent E&P company based on production and proved reserves. Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 17 countries, $71 billion of total assets, and approximately 11,100 employees as of Sept. 30, 2018. Production excluding Libya averaged 1,221 MBOED for the nine months ended Sept. 30, 2018, and proved reserves were 5.0 billion BOE as of Dec. 31, 2017. For more information, go to www.conocophillips.com.