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Murphy Oil Names Louis Utsch as Tax Chief, Succeeding Tim Butler

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A little over a month after naming a new executive vice president and chief financial officer, Murphy Oil Corp. of El Dorado has installed a new leader in its tax department, announcing Louis W. Utsch as vice president, tax.

Utschs joined the oil global exploration and production company as senior tax director two months ago, and worked with his retiring predecessor, Tim F. Butler, over a transition period.

Butler worked in taxes for Murphy concerns for more than 30 years, becoming a vice president in 2013, and was praised by the company for his leadership through the passage of the corporate tax cut late last year. He was also a key figure in working through Murphy Oil’s 2013 corporate spinoff of Murphy USA Inc., once its fuel retail and convenience branch.

Murphy Oil, which is hoping for a continued rebound in crude prices, filled other longtime shoes in March when David Looney became CFO, replacing John Eckart, a 28-year Murphy veteran.

Utsch has more than 20 years of experience at Big Four accounting firms and a decade of specialization in the oil and natural gas industry, a company news release said. He has degrees from Utah State University and the University of Virginia School of Law.

“We are pleased to welcome Louis to the Murphy Oil Corp. leadership team,” CEO Roger W. Jenkins said in a statement. “He brings years of relevant experience to the global tax role, and I look forward to his contributions going forward.”

Jenkins said Butler’s knowledge would be missed at Murphy. 

“We want to recognize him for his exceptional work during the corporate spin in 2013 and most recently his successful advisory efforts during the tax reform process last year,” Jenkins said. “We wish him all the best in retirement.”

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