Houston-based Marathon Oil Corporation announced on Monday that J. R. Sult has left his role as chief financial officer, citing personal reasons. Sult’s departure is not related to any disagreement with the company regarding financial disclosures, accounting or business matters, according to a company press release.
Patrick Wagner has been named interim CFO as the company conducts an executive search for a successor.
Wagner joined Marathon Oil in April 2014 as a Vice President of Corporate Development. Wagner has extensive financial and operational experience including a senior role as Vice President, Gulf of Mexico at Oklahoma City-based Devon Energy Corporation through 2011.
“Pat brings a solid balance of financial and operating skills to his role as interim CFO and will continue to support our ongoing focus on financial discipline during this transition,” said Lee Tillman, Marathon Oil president and CEO.
Marathon also announced several other managerial changes including the promotion of T. Mitch Little to Executive Vice President, Operations, overseeing the firm’s resource play and conventional businesses. Cathy Krajicek will assume Little’s former role as Vice President, Conventional. Bruce McCullough will fill the technology and innovation role and also remain as chief information officer.