Marathon Oil CEO to retire December 31, be replaced by Exxon executive

(Reuters) - Marathon Oil Corp said on Thursday that Chairman and Chief Executive Clarence Cazalot will retire December 31 and be replaced by a senior Exxon Mobil Corp executive.

Lee Tillman, 51, currently vice president of engineering for Exxon Mobil's development unit, will become Marathon Oil's CEO in 2014, the company said in a statement.

Dennis Reilley, Marathon Oil's current lead director, will be nominated to become non-executive chairman once Cazalot retires, the company said.

(Reporting by Ernest Scheyder; Editing by Gerald E. McCormick)

Source: http://news.yahoo.com/marathon-oil-ceo-retire-december-31-replaced-exxon-132546424.html

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