Oil company executive named University of Oklahoma president

MarketsAssociated Press

A longtime energy company executive and major donor has been named the next president of the University of Oklahoma.

The school's Board of Regents announced Monday that 65-year-old Jim Gallogly (GAL-uh-glee) will become the university's 14th president July 1.

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He succeeds David Boren, who announced in September that he'd step down in June. Boren is a former U.S. senator and has been the university's president since 1994.

Gallogly is a former chairman and CEO of LyondellBasell, a petrochemical, polymers and refining company. He also worked as an executive with ConocoPhillips, Chevron Phillips Chemical Company and Phillips Petroleum Company, and earlier practiced law with a private firm in Denver.

Gallogly, who's from Canada, is currently a director of Continental Resources in Oklahoma City and has served on an advisory council at the university.