ConocoPhillips Announces Leadership Changes

Houston based E&P company ConocoPhillips (COP) announced it has realigned its executive leadership team following news that its executive vice president, Production, Drilling and Projects Al Hirshberg will retire.

Effective January 1, 2019, Matt Fox, currently executive vice president, Strategy, Exploration and Technology, will be named executive vice president and chief operating officer, and Don Wallette, Jr., currently executive vice president, Finance, Commercial and chief financial officer, will be named executive vice president and chief financial officer. 

Hirshberg will retire after more than 35 years of industry service, including eight years with ConocoPhillips. He will remain in his current position until January 1.

Fox and Wallette will continue to report to Chairman and Chief Executive Officer Ryan Lance.

Fox will be responsible for worldwide exploration and production operations, corporate planning and technology. He 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.

Wallette will have responsibility for the finance, commercial, acquisitions and divestitures, and information technology functions. He 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.