ConocoPhillips CFO to retire after 39-year career

Oil major ConocoPhillips has said that Don E. Wallette, Jr. will be retiring as executive vice president and a chief financial officer after a 39-year career with the company.

Wallette’s retirement is effective on 31 August 2020, the oil major said on Wednesday.

In conjunction with Wallette’s retirement, the company also announced that William L. Bullock, Jr., currently president, Asia Pacific Middle East, will assume the role of executive vice president and chief financial officer on 1 September 2020.

Bullock has more than 34 years of experience in leading engineering, operations, commercial and business development functions across the company.

Bullock has a bachelor’s degree in chemical engineering from Texas A&M University and a master’s degree in business administration with an emphasis in finance from Oklahoma City University.

“I want to thank Don for his many contributions over the course of his distinguished career at ConocoPhillips,” said Ryan Lance, chairman and chief executive officer.

“As a highly valued member of our company’s executive leadership team, Don played an important role in guiding our successful transformation as an independent exploration and production company. I wish Don the very best in retirement and look forward to Bill’s ongoing leadership as he assumes his new role.”