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Murphy Oil USA, Inc. Gets New President & CEO

Posted on January 8, 2013

Originally published in the El Dorado News-Times on January 9, 2013.

Murphy Oil Corp. has announced the appointment of R. Andrew Clyde, formerly of El Dorado, as president and chief executive officer of Murphy Oil USA, Inc., the U.S. retail marketing subsidiary of Murphy Oil Corp.

Murphy Oil USA, Inc. currently has over 1,150 U.S. retail locations and recently announced an agreement with Walmart Stores, Inc., to provide access to more than 200 new locations in the Midwest and Southeast United States.

Clyde is a partner in Booz & Company?s global energy practice and has more than 20 years of experience in management consulting, with specific focus on the downstream value chain and gasoline and convenience retailing.

Clyde has been instrumental in the performance review and analysis of Murphy?s U.S. retail business. He has provided recommendations and assisted with implementation of operational improvements to the business and capital allocation for development projects to grow the network.

He has been leading the development of the business strategy for the U.S. retail company to move forward as a separate entity.

Clyde joined the Energy, Chemicals and Utilities practice with Booz & Company in Dallas in 1993. He has served as managing partner of the Dallas office since 2007 and has been the practice leader of the North American Energy, Chemicals and Utilities practice since 2010.

Clyde received a master's in management with distinction from Kellogg School of Management at Northwestern University. He received a bachelor?s degree in accounting and a minor in geology from Southern Methodist University.

Steven A. Cossé, president and chief executive officer of Murphy Oil Corp., said in a statement, "Andrew has been intimately involved with the Murphy USA business for several years and has been instrumental in preparing the retail business for our upcoming spin-off. I look forward to working with him to complete the process of separating into two strong but distinct businesses.?

In his new role, Clyde will report directly to Cossé until the completion of the previously announced spin-off of Murphy Oil USA, Inc., at which time he will report to the board of directors of the independent Murphy Oil USA, Inc." "Travis Tritt Returning to El Dorado – Wednesday, January 09, 2013"