Marathon Oil Corp. (MRO) announced that its chairman, president and CEO Clarence Cazalot, Jr, will retire on Dec. 31, 2013. Cazalot will continue as executive chairman through Dec. 31, 2013. The company's board has elected Lee Tillman to the board and to succeed Cazalot as president and CEO effective Aug. 1, 2013. Tillman most recently served as vice president of Engineering for ExxonMobil Development Company.
The board intends to nominate Dennis Reilley, currently Marathon Oil lead director, as non-executive chairman upon Cazalot's retirement.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.