CEO Adds Title of Chairman at ConocoPhillips

Monday, July 19th 2004, 9:21 am
By: News On 6

HOUSTON (AP) _ Oil giant ConocoPhillips named President and Chief Executive James J. Mulva to the additional post of chairman.

Houston-based ConocoPhillips, the nation's third-largest oil and gas company, Thursday said Mulva will succeed current chairman Archie W. Dunham when he retires on Sept. 30.

ConocoPhillips, formed by the Aug. 30, 2002, merger of Conoco Inc. and Phillips Petroleum Co., said the naming of Mulva to replace Dunham was consistent with the terms of the merger. Dunham was the CEO of Conoco, while Mulva was his counterpart at Phillips.

Dunham will also retire from the company's board.

ConocoPhillips had sales of $105 billion and income of $4.74 billion in 2003.