Murphy Oil USA, Inc. Announces Executive Team

04.02.2013  |  Business Wire

Murphy Oil USA, Inc. ('MOUSA?), a wholly owned subsidiary of Murphy Oil
Corporation (NYSE:MUR), announced today the members of its executive
team in preparation for the spin-off of the U.S. Retail business later
this year.

John Rudolfs, currently Executive Vice President Marketing MOUSA,
will lead our marketing operations including fuel, merchandise, and
asset development.

Mindy West, currently Vice President and Treasurer Murphy Oil
Corporation, will be ultimately responsible for Murphy Oil USA, Inc.
finance and accounting functions.

Jeff Goodwin, currently Senior Vice President Field Operations
MOUSA, will be responsible for all field operations.

Marn Cheng, currently Senior Vice President Field Operations
MOUSA, will be responsible for retail operations support.

Steve Hunkus, currently Senior Vice President Worldwide Refining
& Renewable Energy MOUSA, will be responsible for ethanol manufacturing
operations and terminal operations.

John Moore, currently Manager Law and Corporate Secretary Murphy
Oil Corporation, will ultimately have responsibility for the legal,
insurance, and human resources functions.

Andrew Clyde, President and Chief Executive Officer of Murphy Oil USA,
Inc., said in a statement, 'Establishing this leadership team is a major
step in preparing Murphy USA to become a successful stand-alone company.
I look forward to working with this talented and capable team to ensure
Murphy USA′s future growth and success.?

Rudolfs, Goodwin, Cheng and Hunkus will report to Andrew Clyde,
effective immediately with West and Moore assuming their new roles
concurrent with the spin.

This press release contains forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. These statements,
which express management′s current views concerning future events or
results, including Murphy′s plans to separate its U.S. downstream
business, are subject to inherent risks and uncertainties. Factors that
could cause one or more of the events forecasted in this press release
not to occur include, but are not limited to, a failure to obtain
necessary regulatory approvals, a failure to obtain assurances of
anticipated tax treatment, a deterioration in the business or prospects
of Murphy or Murphy Oil USA, Inc., adverse developments in Murphy or
Murphy Oil USA, Inc.′s markets or adverse developments in the U.S. or
global capital markets, credit markets or economies generally. For
further discussion of risk factors, see Murphy′s 2011 Annual Report on
Form 10-K and the September 30, 2012 Quarterly Report on Form 10-Q on
file with the U.S. Securities and Exchange Commission. Murphy undertakes
no duty to publicly update or revise any forward-looking statements.