8-KLeadership ChangesExhibits & Filings

CONOCOPHILLIPS 8-K Report, Executive Changes (Oct 31, 2018)

Filed October 31, 2018For Securities:COP

Summary

ConocoPhillips (COP) filed an 8-K report on October 31, 2018, announcing a significant leadership transition. Al Hirshberg, Executive Vice President of Production, Drilling and Projects, will retire effective January 1, 2019, after a period of continued service. This retirement triggers a reshuffling of key executive roles. Effective January 1, 2019, Matt Fox will transition from Executive Vice President of Strategy, Exploration and Technology to the newly created role of Executive Vice President and Chief Operating Officer, overseeing global operations, planning, and technology. Don E. Wallette, Jr., currently Executive Vice President of Finance, Commercial, and CFO, will assume the title of Executive Vice President and Chief Financial Officer, expanding his responsibilities to include IT functions. Investors should note that these appointments are part of a planned succession and the referenced compensation and officer details are incorporated by reference from prior filings.

Key Highlights

  • 1Retirement of Al Hirshberg, EVP Production, Drilling and Projects, effective January 1, 2019.
  • 2Appointment of Matt Fox as EVP and Chief Operating Officer, effective January 1, 2019.
  • 3Expanded responsibilities for Matt Fox to include worldwide exploration and production operations, corporate planning, and technology.
  • 4Don E. Wallette, Jr. named EVP and Chief Financial Officer, effective January 1, 2019.
  • 5Don E. Wallette, Jr.'s responsibilities will now encompass finance, commercial, acquisitions and divestitures, and information technology.
  • 6Information regarding the new roles and compensation for Messrs. Fox and Wallette is incorporated by reference from previous SEC filings (2017 10-K and 2018 Proxy Statement).
  • 7No related party transactions involving Messrs. Fox or Wallette have occurred since December 31, 2016.

Frequently Asked Questions

Al Hirshberg, Executive Vice President, Production, Drilling and Projects, announced his retirement, which will be effective January 1, 2019. He will continue in his role until that date.

Matt Fox will become Executive Vice President and Chief Operating Officer, overseeing operations, planning, and technology. Don E. Wallette, Jr. will become Executive Vice President and Chief Financial Officer, with expanded responsibilities including IT.

Details required under Regulation S-K for Messrs. Fox and Wallette are incorporated by reference from ConocoPhillips' Annual Report on Form 10-K for the year ending December 31, 2017, and its Proxy Statement relating to its 2018 Annual Meeting of Stockholders. Their compensation will be governed by programs described in these prior filings.

This 8-K filing primarily serves to announce leadership changes. The only exhibit filed is a press release dated October 31, 2018, announcing these executive transitions.