by Luke Jones
Posted 1/8/2013 08:49 am
Updated 11 months ago
Murphy Oil Corp. of El Dorado announced Tuesday the appointment of R. Andrew Clyde as president and CEO of Murphy Oil USA Inc., the U.S. retail marketing subsidiary of Murphy Oil Corp.
Murphy Oil USA Inc. has more than 1,150 U.S. retail locations and recently announced an agreement with Wal-Mart Stores Inc. of Bentonville to provide access to more than 200 new locations in the Midwest and Southeast United States.
The company is also spinning off the retail unit into a separate publicly traded company. Until the spinoff is complete, Clyde will report to Murphy CEO Steven Cosse.Tom McKinlay, who had previously led the retail arm, will serve as executive vice president of Murphy Oil Corp. with responsibility for the company's U.K. downstream segment.