Murphy Oil Corp.'s president, CEO to step down - KATV - Breaking News, Weather and Razorback Sports

Murphy Oil Corp.'s president, CEO to step down

Posted: Updated:

EL DORADO, Ark. (AP) - Murphy Oil Corp. says Steve Cosse plans to step down as president and CEO.

The El Dorado-based company said Monday that Roger Jenkins will succeed him.

Jenkins is currently the company's executive vice president and chief operating officer.

Jenkins joined Murphy Oil in 2001. The company says he has played a critical leadership role in its exploration and production operations, including development in Malaysia and South Texas.

The company says Cosse plans to step down following the completion of a plan to spin off to its stockholders its U.S. downstream operations into an independent and separately traded company.

That spin-off is expected to wrap up in the second half of the year.

Cosse was appointed president and CEO last year. He was elected to Murphy's Board of Directors in 2011.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Most Popular StoriesMost Popular StoriesMore>>

  • 20 year old Stuttgart man shot while walking his dog dies

    20 year old Stuttgart man shot while walking his dog dies

    Wednesday, July 23 2014 11:50 PM EDT2014-07-24 03:50:30 GMT
    UPDATE: 20 year old Daniel Ruffin passed away Wednesday night. STUTTGART (KATV) - Community members held a prayer vigil for Daniel Ruffin after he was shot in the chest on Tuesday night. Ruffin was walking his dog in front of his home on South Maple street just after 5 pm when he was shot. Neighbors At Wednesday's vigil Ruffin's family was warmly consoled and encouraged by neighbors.More >>
    UPDATE: 20 year old Daniel Ruffin passed away Wednesday night. STUTTGART (KATV) - Community members held a prayer vigil for Daniel Ruffin after he was shot in the chest on Tuesday night. Ruffin was walking his dog in front of his home on South Maple street just after 5 pm when he was shot. Neighbors At Wednesday's vigil Ruffin's family was warmly consoled and encouraged by neighbors. More >>
  • Lockdown lifted at Little Rock Air Force Base

    Lockdown lifted at Little Rock Air Force Base

    Wednesday, July 23 2014 5:48 PM EDT2014-07-23 21:48:11 GMT
    The lockdown at Little Rock Air Force Base has been lifted.More >>
    The lockdown at Little Rock Air Force Base has been lifted.More >>
  • FOLLOW-UP: Coroner says "pure speculation" if son would have been saved

    FOLLOW-UP: Coroner says "pure speculation" if son would have been saved

    Wednesday, July 23 2014 6:51 PM EDT2014-07-23 22:51:41 GMT
    CONWAY (KATV) – The Faulkner County Coroner said it was a lethal combination of a multitude of drugs that ultimately killed 20 year-old Joshua Ashley-Pauley – the son of the man holding a sign public shaming his son’s friends who he believes did nothing to help save his son. More >>
    CONWAY (KATV) – The Faulkner County Coroner said it was a lethal combination of a multitude of drugs that ultimately killed 20 year-old Joshua Ashley-Pauley – the son of the man holding a sign public shaming his son’s friends who he believes did nothing to help save his son. More >>