Murphy Oil announces CEO retirement, Eric Hambly to become President & CEO Jan 1, 2025

MURPHY OIL CORP

Roger Jenkins retires as CEO Dec 31, 2024; stays as non-executive employee through Dec 31, 2025.
Eric Hambly promoted to President & CEO and Board member effective Jan 1, 2025.
Hambly's salary set at $950,000; target bonus 125% of base; annual LTI target $5.4M (75% PSUs, 25% RSUs).
Hambly's Severance Protection Agreement recommences Jan 1, 2025.

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