Go Symbol Lookup
Loading...

Marathon Oil COO leaves with $4.6 mln severance

 Text Size  
Published: Tuesday, 18 Dec 2012 | 11:43 AM ET

Dec 18 (Reuters) - Marathon Oil Corp's former Chief Operating Officer Dave Roberts will receive $4.6 million in severance, according to a filing made with the U.S. Securities and Exchange Commission on Tuesday.

The company said on Dec. 10 that the executive would leave the company on Dec. 14, without providing a reason for the departure.

In 2011, Roberts was the second-highest-paid executive at Marathon behind Chief Executive Officer Clarence Cazalot.

According to the company's proxy statement filed in 2012, Roberts took home about $10 million in total compensation, compared with $31.5 million for Cazalot.

Marathon's top executive officers do not have severance agreements, the proxy statement said.

Shares of Marathon Oil, which split off its refining business in June 2011, have risen 5.5 percent so far this year.

 Print
Dec 18- Marathon Oil Corp's former Chief Operating Officer Dave Roberts will receive $4.6 million in severance, according to a filing made with the U.S. Securities and Exchange Commission on Tuesday. According to the company's proxy statement filed in 2012, Roberts took home about $10 million in total compensation, compared with $31.5 million for Cazalot.
  Price   Change %Change
MRO ---

   
Comments

 

More Comments

 
 

Add Comments

 

Your Comments (Up to 1100 characters):

Remaining characters

Your comments have not been posted yet.

Please review your submission to make sure you are comfortable with your entry.

Your Comments: