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Marathon's John T. Mills to retire

Posted: 14 August 2003

Marathon Oil Corporation announced John T. Mills, Marathon chief financial officer, has elected to retire, effective December 1, 2003, following 27 years of service.

"John has made many important contributions to Marathon's success during his distinguished career with our company," said Clarence P. Cazalot, Jr., Marathon president and CEO. "His knowledge of our industry and business acumen were particularly instrumental in guiding the company through the transition from USX Corporation to Marathon Oil Corporation in 2002. We thank John for his widely recognized reputation for personal and professional integrity and for advocating high standards of excellence throughout his career."

Mills joined Marathon Oil Company in Findlay, Ohio, in 1976 as a tax specialist. He subsequently held a number of positions of increasing responsibility within the Tax organization, becoming chief tax counsel in 1984.

In 1986, he became director of Taxes, Energy for USX Corporation and relocated to Pittsburgh, Pennsylvania. He was appointed vice president, Taxes for USX in 1987. In September 1998, Mills was appointed senior vice president of Finance and Administration at Marathon Oil Company. He was appointed to his current position in January 2002, upon the separation of United States Steel from USX and the renaming of USX to Marathon Oil Corporation.

Mills was born in Canton, Ohio, in 1947. He earned a bachelor's degree in economics from Ohio University in 1969, and a law degree from Ohio State University in 1973. He is a member of the Financial Executives Institute, the General Committee on Finance of the American Petroleum Institute, and the National Council of the Ohio State University College of Law Alumni Association. Mills holds memberships in the American Bar Association and the Ohio Bar Association, and is a member of the board of directors of Horizon Offshore.

Marathon is currently conducting an internal and external search to identify potential candidates to succeed Mills. The company expects to complete this process and name a successor in the fourth quarter of this year.

For more information see http://www.marathon.com.

Posted by Richard Price, Editor Pipeline Magazine

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