ConocoPhillips Director Retires.HOUSTON -- ConocoPhillips (NYSE NYSE See: New York Stock Exchange :COP) today announced that David L. Boren David Lyle Boren (born April 21, 1941) is an American politician from the state of Oklahoma. A Democrat, he served as governor of Oklahoma from 1975 to 1979 and in the United States Senate from 1979 to 1994. He is currently president of the University of Oklahoma. has elected to retire from the company's board of directors. Boren has served on the board since 1994. His resignation is effective immediately. "In order to focus my time and energy on my work at the University of Oklahoma University of Oklahoma, abbreviated OU, is a coeducational public research university located in the U.S. state of Oklahoma. Founded in 1890, it existed in Oklahoma Territory near Indian Territory 17 years before the two became the state of Oklahoma. and to spend more time with my family, I have decided to limit my outside activities," said Boren. "Serving on the ConocoPhillips board has been an honor and a privilege. The company is not only strong financially, but it is also a good corporate citizen." "David has been a valued asset to ConocoPhillips for many years," said Jim Mulva, chairman and chief executive officer. "David is a great American and a treasured friend whose counsel and judgment have been clear and consistent. His presence on our board will truly be missed." Other Board Changes The company also announced that the board of directors has amended the by-laws to change the retirement policy for board members. The new policy, which became effective Feb. 4, 2005, allows board members to serve until the annual shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. after reaching age 72. The prior policy required retirement upon reaching age 70. The amendment will affect four directors who would otherwise retire this year -- Norm Augustine and Larry Horner, standing for re-election at the May 2005 shareholders meeting, as well as Stapleton Roy and William Rhodes William Rhodes may refer to:
Frank McPherson Frank McPherson (born May 14, 1901-1953) was an English football player. His favoured position was forward. McPherson was born in Barrow-in-Furness. He joined Barrow in the 1920–21 season and helped the team to win the Lancanshire Combination Championship that season. will retire at this year's shareholder's meeting pursuant to the new policy. ConocoPhillips is an integrated oil company with interests around the world. For more information, go to www.conocophillips.com. |
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