Marathon Oil Corporation
announces that Gregory H. Boyce has been elected to the Company's board of
directors, effective April 1, 2008.
Boyce is chairman and CEO of Peabody Energy Corporation, the world's largest
private-sector coal company, with 2007 sales of 238 million tons of coal and
$4.6 billion in revenues. Its coal products fuel approximately 10 percent of all
U.S. electricity generation and 2 percent of worldwide electricity.
"Marathon is very pleased to welcome Greg Boyce to the Company's board of
directors," said Thomas J. Usher, Marathon's chairman of the board. "He has
demonstrated a track record of value creation and an in-depth understanding of
global energy markets. Under his management, Peabody Energy has become a leader
in advancing clean coal technologies, and made noteworthy achievements in safety
and environmental performance. We look forward to Mr. Boyce joining our board
and contributing to our ongoing efforts to profitably grow Marathon."
Boyce was elected to Peabody Energy's board of directors in March 2005, assumed
responsibility as CEO in January 2006, and was elected chairman of the board in
October 2007. He joined Peabody in 2003 as president and chief operating officer
and has extensive U.S. and international management, operating and engineering
experience.
Previously Boyce served as Chief Executive - Energy for Rio Tinto PLC. His prior
positions include president and CEO of Kennecott Energy Company; president of
Kennecott Minerals Company; and director of government and public affairs of
Kennecott Corporation. He also served as executive assistant to the vice
chairman of Standard Oil.
His leadership positions include vice chairman of the World Coal Institute and
chair of the National Coal Council (NCC) Study for the council's 2006 report,
"Coal: America's Energy Future." Boyce is a member of the Coal Industry Advisory
Board of the International Energy Agency. He is a board member of the Business
Roundtable, the Center for Energy and Economic Development (CEED) and the
National Mining Association. Boyce is a member of the board of directors of the
St. Louis Regional Chamber and Growth Association and a member of Civic Progress
in St. Louis. He is member of the Advisory Council of the University of
Arizona's Department of Mining and Geological Engineering, and the School of
Engineering and Applied Science National Council at Washington University in St.
Louis.
Boyce holds a Bachelor of Science Degree in Mining Engineering from the
University of Arizona, and completed the advanced management program from the
Graduate School of Business at Harvard University.