Management ChangeAug 11, 2026, 04:24 PM
ConocoPhillips Names Andy O'Brien CEO; Ryan Lance to Executive Chair
AI Summary
ConocoPhillips announced a planned leadership succession, effective September 1, 2026. Andy O’Brien, current Executive Vice President, Strategy, Commercial and CFO, will become President and Chief Executive Officer and join the Board. Current Chairman, President and CEO Ryan M. Lance will retire from his executive roles and transition to Executive Chair of the Board. Additionally, Kontessa S. Haynes-Welsh will be promoted to Senior Vice President and Chief Financial Officer, and Greig Patterson will become Vice President, Finance and Controller. The company also detailed new compensatory arrangements for the incoming and transitioning executives.
Key Highlights
- Andy O’Brien appointed President and CEO, effective September 1, 2026.
- Ryan Lance to retire as President and CEO, becoming Executive Chair, effective September 1, 2026.
- Kontessa S. Haynes-Welsh appointed Senior Vice President and CFO, effective September 1, 2026.
- Greig Patterson appointed Vice President, Finance and Controller, effective September 1, 2026.
- Ryan Lance's Executive Chair annual base salary will be $1.1 million.
- Andy O’Brien's President and CEO annual base salary will be $1.7 million.
- Kontessa S. Haynes-Welsh's CFO annual base salary will be $742,972.
- Kirk L. Johnson to receive a $5 million restricted stock unit award.
Price Impact
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