ConocoPhillips makes leadership changes

ConocoPhillips (NYSE: COP) has made changes to its executive leadership team. The company has announced the retirement of Jeff Sheets as executive vice president of finance and CFO after more than 35 years with ConocoPhillips. In conjunction with Sheets’ retirement, the company has also made several executive leadership changes to realign responsibilities.

The executive leadership changes are summarized below:

  • Don Wallette Jr., currently executive vice president, Commercial, Business Development, and Corporate Planning, has been named executive vice president, Finance, Commercial and CFO. In this role, Wallette will be responsible for the company’s financial and commercial functions. Wallette has more than 30 years of experience across many aspects of the business and has served in numerous leadership roles.

  • Al Hirshberg, currently executive vice president, Technology and Projects, has been named executive vice president, Production, Drilling, and Projects. In this role, he will oversee the company’s worldwide operations and will also be responsible for drilling; major projects; and the health, safety, and environmental function. Hirshberg has more than 30 years of industry experience in a variety of operational, technical, and leadership roles.

  • Matt Fox, currently executive vice president, Exploration and Production, has been named executive vice president, Strategy, Exploration, and Technology. He will be responsible for strategic planning, exploration, business development, and technology development. Fox has served in several operational, technical, and leadership roles during more than 30 years in industry.

These appointments are effective April 1. Sheets will remain in his current position until the effective date and will remain an employee of ConocoPhillips through May 31 to provide support during the transition of his responsibilities. Wallette, Hirshberg, and Fox will continue to report to Chairman and CEO Ryan Lance.

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