ConocoPhillips Appoints Caroline Maury Devine to its Board of Directors; Announces Richard Auchinleck’s Intent Not to Stand...
October 06 2017 - 10:45AM
Business Wire
ConocoPhillips (NYSE:COP) today announced that its board of
directors has elected Caroline Maury Devine to serve as a board
member. Richard Auchinleck also notified the board of directors
that he does not intend to stand for re-election as a director of
the company at the end of his current term.
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Ms. Caroline Maury Devine (Photo:
Business Wire)
“ConocoPhillips will benefit from Ms. Devine’s broad range of
expertise in management and international affairs within our
industry, as well as from her government experience and service on
other public company boards,” said Ryan Lance, chairman and chief
executive officer of ConocoPhillips.
"On behalf of the board and company, I would also like to take
the opportunity to thank Mr. Auchinleck for his leadership over the
past 15 years. His contributions have been invaluable to us and we
will miss him greatly.”
Ms. Devine also currently serves on the boards of JBT
Corporation and Valeo, as a member of the Nominating Committee of
Petroleum Geo-Services ASA and as a member of the Council on
Foreign Relations. She previously served on the boards of Det
Norske Veritas, FMC Technologies, Inc. and Technip. She is also a
former Fellow at Harvard University’s Belfer Center for Science and
International Affairs.
Ms. Devine began her career by serving the U.S. government
for 15 years in positions on the White House Domestic Policy Staff,
in the U.S. Embassy in Paris and in the Drug Enforcement
Administration. In 1988 she joined Mobil Corporation, holding
various corporate positions responsible for shareholder relations
and governance issues, as well as international government
relations. She then served as president and managing director of a
Norwegian affiliate of ExxonMobil from 1996 to 2000.
Ms. Devine will serve on the Audit and Finance Committee and the
Public Policy Committee of the ConocoPhillips board.
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About ConocoPhillips
ConocoPhillips is the world’s largest independent E&P
company based on production and proved reserves. Headquartered in
Houston, Texas, ConocoPhillips had operations and activities in 17
countries, $78 billion of total assets, and approximately 12,200
employees as of June 30, 2017. Production excluding Libya averaged
1,503 MBOED for the six months ended June 30, 2017, and proved
reserves were 6.4 billion BOE as of Dec. 31, 2016. For more
information, go to www.conocophillips.com.
CAUTIONARY STATEMENT FOR THE PURPOSES
OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES
LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements.
Forward-looking statements relate to future events and anticipated
results of operations, business strategies, and other aspects of
our operations or operating results. In many cases you can identify
forward-looking statements by terminology such as "anticipate,"
"estimate," "believe," "continue," "could," "intend," "may,"
"plan," "potential," "predict," "should," "will," "expect,"
"objective," "projection," "forecast," "goal," "guidance,"
"outlook," "effort," "target" and other similar words. However, the
absence of these words does not mean that the statements are not
forward-looking. Where, in any forward-looking statement, the
company expresses an expectation or belief as to future results,
such expectation or belief is expressed in good faith and believed
to have a reasonable basis. However, there can be no assurance that
such expectation or belief will result or be achieved. The actual
results of operations can and will be affected by a variety of
risks and other matters including, but not limited to, changes in
commodity prices; changes in expected levels of oil and gas
reserves or production; operating hazards, drilling risks,
unsuccessful exploratory activities; difficulties in developing new
products and manufacturing processes; unexpected cost increases;
international monetary conditions; potential liability for remedial
actions under existing or future environmental regulations;
potential liability resulting from pending or future litigation;
limited access to capital or significantly higher cost of capital
related to illiquidity or uncertainty in the domestic or
international financial markets; and general domestic and
international economic and political conditions; as well as changes
in tax, environmental and other laws applicable to our business.
Other factors that could cause actual results to differ materially
from those described in the forward-looking statements include
other economic, business, competitive and/or regulatory factors
affecting our business generally as set forth in our filings with
the Securities and Exchange Commission. Unless legally required,
ConocoPhillips undertakes no obligation to update publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20171006005539/en/
ConocoPhillipsDaren Beaudo, 281-293-2073
(media)daren.beaudo@conocophillips.comorAndy O’Brien, 281-293-5000
(investors)andy.m.obrien@conocophillips.com
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