ITEM 5.02
DEPARTURE OF DIRECTOR OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
On October 31, 2018, Al Hirshberg announced his decision to retire as executive vice president, Production, Drilling and Projects of ConocoPhillips. Mr. Hirshberg will remain in his position as executive vice president, Production, Drilling and Projects until January 1, 2019.
In connection with Mr. Hirshbergs retirement, the following changes to the ConocoPhillips executive leadership team will be effective January 1, 2019:
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Matt Fox, currently executive vice president, Strategy, Exploration and Technology, will become executive vice president and chief operating officer. Mr. Fox will have responsibility for worldwide exploration and production operations, corporate planning and technology.
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Don E. Wallette, Jr., currently executive vice president, Finance, Commercial and chief financial officer, will be named executive vice president and chief financial officer. Mr. Wallette will have responsibility for the finance, commercial, acquisitions and divestitures, and information technology functions.
The information regarding Messrs. Fox and Wallette required under Items 401(b), (d) and (e) of Regulation S-K is included under Executive Officers of the Registrant on page 26 of ConocoPhillips Annual Report on Form 10-K for the year ending December 31, 2017, as filed with the Securities and Exchange Commission (the SEC) on February 20, 2018, and is incorporated herein by reference. Messrs. Fox and Wallette will participate in the compensation programs described under Compensation Discussion and Analysis beginning on page 45 of ConocoPhillips Proxy Statement relating to its 2018 Annual Meeting of Stockholders, as filed with the SEC on April 2, 2018, which description is incorporated herein by reference. There have been no related party transactions involving either of Messrs. Fox and Wallette (or any of their immediate family members) during the period since December 31, 2016.
The press release issued by ConocoPhillips on October 31, 2018 announcing these changes is filed as Exhibit 99.1 hereto and incorporated herein by reference.