ConocoPhillips Announces Senior Management Changes

ConocoPhillips announced the following actions concerning the company's senior management:

John Carrig, currently executive vice president, Finance, and chief financial officer, will become president and chief operating officer.  He will continue to report to Jim Mulva, chairman and chief executive officer.

Jim Gallogly, currently executive vice president, Refining, Marketing & Transportation, will become executive vice president, Exploration & Production.

Willie Chiang, currently senior vice president, Commercial, will become senior vice president, Refining, Marketing & Transportation.

Greg Goff, currently president, Strategy, Integration and Specialty Businesses for Refining, Marketing & Transportation, will become senior vice president, Commercial.

Ryan Lance will remain president, Exploration & Production – Europe, Asia, Africa and the .

Messrs.

Sig Cornelius, currently senior vice president, Planning, Strategy & Corporate Affairs (PS&CA), will become senior vice president, Finance, and chief financial officer.

Jeff Sheets, currently vice president and treasurer, will become senior vice president, Planning & Strategy.

Red Cavaney, who will retire from his position as president and chief executive officer of the American Petroleum Institute on Oct. 31, 2008, will become senior vice president, Government & Public Affairs in November 2008. 

Fran Vallejo, currently general manager, corporate planning and budgets, PS&CA, will become vice president and treasurer, Finance. 

John Lowe, currently executive vice president, Exploration & Production, has expressed his desire to reduce the scope of his current activities in order to devote more time to his personal interests.  Lowe will now serve as assistant to the chief executive officer.