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This excerpt taken from the MRO 8-K filed Nov 4, 2008. HOUSTON, Oct. 29, 2008 –
Marathon Oil Corporation (NYSE: MRO) announced today that Michael E. J.
Phelps has been elected to the Company’s board of directors, effective Jan. 1,
2009.
“Michael
Phelps is an excellent addition to Marathon’s board of directors, especially
given his demonstrated track record and experience in global energy matters,”
said Thomas J. Usher, Marathon board chairman.
Phelps
is chairman and founder of Dornoch Capital, Inc., a private investment company
based in Vancouver, British Columbia. Prior to forming Dornoch in 2002, Phelps
worked for Westcoast Energy, Inc., a natural gas company with operations across
North America and interests in international energy companies in Mexico,
Indonesia, China and Australia. Phelps joined Westcoast, also headquartered in
Vancouver in 1982, as a corporate development executive. In 1987, he was
promoted to chief financial officer and 18 months later, was named president and
CEO. In 1992, he was named chairman and CEO, a position he held until the
company was sold to Duke Energy in 2002.
Under
his leadership, Westcoast went through a period of rapid growth. Assets
increased from $800 million to $15 billion, net income improved from $41 million
to $550 million, and the company grew from 1,000 employees to 15,000
employees.
Phelps
also serves on the corporate Boards of Canadian Pacific Railway Company and
Spectra Energy Corporation.
He
graduated from the University of Manitoba, Winnipeg, Canada, in 1967 with a
Bachelor of Arts degree. He earned a bachelors degree in Law in 1970 from the
University of Manitoba. In 1971, he attended the London School of Economics and
Political Science in London and received a Masters of Law degree.
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