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John Eckart to Retire as Murphy Oil CFO

2 min read

Murphy Oil Corp. of El Dorado is looking for a new chief financial officer to succeed John W. Eckart, who announced Monday that he plans to retire this year after 28 years at the global oil and natural gas production giant.

Murphy has begun a wide search for a successor, the company said in a news release, and Eckart is expected to serve in his current job to ease the transition before setting a departure date.

Eckart, a CPA and University of Arkansas graduate who joined the company in 1990 as auditing manager, was named CFO in 2015. His total compensation was $2.2 million for 2016, the last year for which information was available from the company’s proxy statements. In 2015, a better year for the company’s bottom line, his compensation total was $2.65 million.

Eckart, 59, was praised by company leaders for leading the growth and modernization of Murphy’s finance and accounting processes, and he served on several corporate committees, including pension investments, employee benefits, and risk panels.

Eckart said in a statement that he is looking forward to enjoying a new chapter in his life, and is pleased to be leaving the company in great hands.

“I am enthusiastic for Murphy as it enters this year with a solid portfolio of assets and robust business opportunities, a strong leadership team and outstanding, committed people,” he said. “Over the course of my career, I have been provided with many opportunities and have met wonderful people around the world.”

Roger Jenkins, the company’s president and CEO, wished Eckart well and thanked him for his years of service. “John has provided sound strategic advice and guidance in managing the financial affairs of the company, and his contributions will be greatly missed.”

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