Conoco’s Hirshberg retiring; Fox to be EVP, COO, Wallette, EVP, CFO

Petroleum News

ConocoPhillips said Oct. 31 that Al Hirshberg is retiring as executive vice president, production, drilling and projects, after more than 35 years in the industry, including eight years with ConocoPhillips.

In conjunction with this retirement, the company is realigning executive leadership responsibilities.

Matt Fox, currently executive vice president, strategy, exploration and technology, will be named executive vice president and chief operating officer, with responsibility for worldwide exploration and production operations, corporate planning and technology. Fox has more than 30 years of industry experience in a broad range of technical and leadership roles, including leading ConocoPhillips’ exploration and production operations from 2012-16.

Wallette, currently executive vice president, financial, commercial and chief financial officer, will be named executive vice president and chief financial officer, with responsibility for finance, commercial acquisitions and divestitures and information technology functions. Wallette has more than 30 years of experience and has served in several technical and leadership roles in ConocoPhillips, including leading the company’s business development function from 2012-16.

The company said the appointments are effective Jan. 1. Hirshberg will remain in his current position until then to provide support during the transition of his responsibilities. Fox and Wallette will continue to report to Chairman and Chief Executive Officer Ryan Lance.

Lance thanked Hirshberg for his many contributions to the company, saying he “played a valuable role in our launch as an independent exploration and production company and in the successful execution of our business strategy.”

- Petroleum News