Murphy Oil Corp. of El Dorado said Thursday that long-time executive Eugene T. (Gene) Coleman, executive vice president of exploration and business development, has decided to retire effective Feb. 28 after 17 years with the publicly traded oil company.
The company said Michael K. McFadyen, executive vice president of offshore, will take over Coleman’s duties overseeing exploration, and David R. Looney, executive vice president and CFO, will taken on his business development duties.
Coleman joined Murphy in 2001 as subsea systems manager and quickly earned roles with increasing responsibilities abroad and domestically.He took on his current role in 2018.
“As a member of the company’s executive leadership team, Mr. Coleman has been instrumental in building and restructuring the offshore and exploration organizations and, most recently, was a key player in negotiating and closing the Gulf of Mexico transaction with Petrobras,” the company said in a news release.
CEO Roger Jenkins called Coleman “an exceptional leader who has provided sound strategic advice and guidance in managing the vast array of operations for the company,” and added that Coleman’s contributions “will be greatly missed.”