Brent Smolik elected to Marathon Oil Corporation Board of Directors

Rhea-AI Summary

Marathon Oil Corporation (NYSE:MRO) announced the election of Brent Smolik to its board of directors effective January 11, 2021. Chairman and CEO Lee Tillman expressed confidence in Smolik’s extensive experience in the oil and gas sector, which spans over 35 years, including leadership roles at major companies like Noble Energy and ConocoPhillips. The board anticipates that Smolik's insights will enhance Marathon's strategy focused on achieving competitive returns, sustainable cash flow generation, and capital returns to shareholders.

Positive

• Brent Smolik brings over 35 years of industry experience.
• His previous leadership positions may provide fresh perspectives on corporate strategy.
• Strengthened board with diverse skills and experiences.

Negative

• Potential continuity concerns due to the integration of a new board member.

HOUSTON, Jan. 11, 2021 /PRNewswire/ -- Marathon Oil Corporation (NYSE:MRO) announced today that Brent Smolik has been elected to the Company's board of directors, effective January 11, 2021.

"We are pleased to welcome Brent to Marathon's board of directors," said Chairman, President and CEO Lee Tillman. "The addition of Brent complements our board of directors' skills and experiences, and we believe he will provide a valuable perspective as we continue to execute our strategy of delivering competitive and improving corporate level returns, prioritizing sustainable cash flow generation, and returning capital to shareholders."

Mr. Smolik, 59, has over 35 years of experience in the oil and natural gas industry, including senior executive leadership roles at Noble Energy Corporation, Noble Midstream Partners LP, EP Energy Corporation, El Paso Corporation, ConocoPhillips and Burlington Resources, Inc.   He retired from his role as president and chief operating officer at Noble Energy, following its merger with Chevron in 2020.  Mr. Smolik previously served on the boards of Noble Midstream Partners LP, Cameron International and EP Energy Corporation. 

Media Relations Contact
Stephanie Gentry: 713-296-3307

Investor Relations Contacts
Guy Baber: 713-296-1892
John Reid: 713-296-4380

 

View original content to download multimedia:http://www.prnewswire.com/news-releases/brent-smolik-elected-to-marathon-oil-corporation-board-of-directors-301205646.html

SOURCE Marathon Oil Corporation

FAQ

Who is Brent Smolik?

Brent Smolik is a seasoned executive with over 35 years in the oil and gas industry, previously serving at companies like Noble Energy and ConocoPhillips.

What role has Brent Smolik been elected to at Marathon Oil?

He has been elected to the board of directors of Marathon Oil Corporation.

What is the significance of Brent Smolik's election to the board?

His election is expected to enhance corporate strategy and strengthen the board's expertise in the oil and gas sector.

When did Brent Smolik join Marathon Oil's board?

Brent Smolik joined the board on January 11, 2021.

What are the expected impacts of Smolik's addition to the board of directors?

Smolik's experience may provide valuable insights and support Marathon's strategy of improving returns and cash flow generation.