Marathon Oil Corporation announced that the Company's board of directors has elected Morris R. Clark, currently Marathon Oil assistant treasurer, to the position of vice president and treasurer effective Jan. 1, 2014. Clark will succeed Michael K. Stewart, in his role as treasurer, who has elected to retire after 28 years of service effective Jan. 1. Clark will continue to be located in Houston and report to John R. "J.R." Sult, Marathon Oil executive vice president and chief financial officer.
"We want to offer our congratulations to Morris on being elected vice president and treasurer of Marathon Oil," said Sult. "Morris has consistently demonstrated his deep knowledge and understanding of the capital markets, treasury and risk management functions of our business, the successful management of which plays a crucial role in our ability to fulfill our commitments to strong financial discipline. We look forward to Morris' leadership and the many contributions he will continue to make toward Marathon Oil's success."