Marathon Oil Makes Leadership Changes

Marathon Oil Corp. has promoted Rob L. White to executive vice president and chief financial officer effective May 1, 2024. The company said in a media statement that Zach Dailey, vice president for internal audit, will succeed White as vice president, controller and chief accounting officer, effective May 1, 2024, as well.

White meanwhile will replace Dane Whitehead, who intends to retire from Marathon Oil effective July 1, 2024, following more than seven years of service. 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 before retirement.

"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”, said Chairman, President and CEO Lee Tillman.

“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".

White joined Marathon Oil in 1991 and has more than 30 years of experience in oil and gas accounting and finance. He has served as vice president, controller and chief accounting officer since March 1, 2022. Before 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 and financial planning from January 2014 to December 2017, the company said.

Dailey joined Marathon Oil in 2015 and has more than 17 years of experience in the oil and gas industry. He has served as vice president for internal audit at the company since March 2022. Before that, he served as growth director for business development from March 2021 to March 2022, director of operations planning from May 2020 to March 2021, regional vice president for 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, Marathon Oil said.

Before joining Marathon Oil, Dailey served in various finance roles at Linn Energy, Berry Petroleum Co. and Morgan Keegan & Co.

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