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Clarence Cazalot

Marathon Taps Exxon Exec to Replace Retiring CEO

Marathon Oil (NYSE:MRO) recruited ExxonMobil (NYSE:XOM) exec Lee Tillman on Thursday to become the energy company's new CEO as current chief Clarence Cazalot, Jr. is retiring after 14 years at the helm.The appointment of Tillman, 51, underscores Houston-based Marathon's global ambitions as the former Exxon vice president of engineering for development has extensive experience around the world, including in Indonesia, Scotland, Norway and Equatorial Guinea."His strong leadership skills and extensive experience in global operations, project execution and leading edge technology will be invaluable in confronting the challenges facing our company and industry," Cazalot said in a statement.Marathon said after 14 years leading the company and 41 years in the industry, Cazalot has decided to retire at the end of 2013.Tillman has been elected to succeed Cazalot as president and CEO effective August 1, while Cazalot will stay on as executive chairman until the end of the year."The progress Mara...

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