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    ConocoPhillips Appoints New Senior Management

    Company promotes new vice president of exploration and production, and new president and COO.

    HOUSTON -- ConocoPhillips announced the latest round of appointments and promotions yesterday, all of which involve current employees of the company.

    Current executive vice president of exploration and production, John Lowe, will assume a new role as assistant to the chief executive officer, a position that will allow him to concentrate on personal interests, according to the company.

    "John Lowe has made significant contributions to ConocoPhillips for more than 25 years," Jim Mulva, chairman and chief executive officer, said in a statement. "Through his active leadership during the course of his career, and particularly in the last decade, he has played a major role in the planning, development and implementation of the strategy and major transactions of the company. We look forward to his continued assistance in his new position."

    In addition, the company announced the following appointments:

    -- John Carrig, currently executive vice president, finance and CFP will become president and COO.

    -- Jim Gallogly, currently executive vice president, refining, marketing and transportation, will become executive vice president, exploration and production.

    -- Willie Chiang, currently senior vice president, commercial, will become senior vice president, refining, marketing and transportation.

    -- Greg Goff, currently president, strategy, integration and specialty businesses for refining, marketing and transportation, will become senior vice president, commercial.

    -- Sig Cornelius, currently senior vice president, planning, strategy and corporate affairs, will become senior vice president, finance and CFO.

    -- Jeff Sheets, currently vice president and treasurer, will become senior vice president, planning and strategy.

    -- Red Cavaney, who will retire from his position as president and CEO of the American Petroleum Institute on Oct. 31, will become senior vice president, government and public affairs in November 2008.

    -- Fran Vallejo, currently general manager, corporate planning and budgets, planning, strategy and corporate affairs, will become vice president and treasurer, finance.

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