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Marathon Chairman Cazalot Joins Spectra Energy Board

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   |    Monday,November 18,2013

 Spectra Energy Corp. has reported the appointment of Clarence P. Cazalot Jr. to its board of directors, effective December 1, 2013.

Cazalot currently serves as executive chairman of the board of directors for Marathon Oil Corporation, and will retire from the Marathon board on December 31, 2013.

Bill Esrey, chairman of the board, Spectra Energy Corp., commented: "With the addition of the Express-Platte crude oil pipeline system into our portfolio, we welcome Clarence's extensive exploration and production knowledge and history to the board.  His insights will be a valuable addition to the board table, one already filled with a wealth of skills and expertise."

Cazalot has more than 40 years of industry experience focused on exploration and production of oil and gas resources. He served as vice president of Texaco Inc. and president of Texaco's Latin America/West Africa Division beginning in 1992, and was named president of Texaco Exploration and Production Inc. in 1994. Cazalot was appointed president of Texaco International Marketing and Manufacturing in 1997, and later named president - international production and chairman of London-based Texaco Ltd. He was elected president of Texaco's worldwide production operations in 1999.

Cazalot joined USX Corporation as vice chairman and Marathon Oil Company as president in March 2000. He became president and chief executive officer of Marathon Oil Corporation in 2002 and served through July 2013. He was named chairman of the board in July 2011 and currently serves as executive chairman.

Cazalot also serves on the boards of directors of Baker Hughes Incorporated, the American Petroleum Institute and the Greater Houston Partnership. He will join the board of directors of FMC Technologies, Inc. on December 1, 2013. Cazalot also is a member of The Business Roundtable and serves on the advisory boards of the World Affairs Council of Houston and the James A. Baker III Institute for Public Policy. He graduated from Louisiana State University with a Bachelor of Science degree in geology.