Gasoline and convenience merchandise retailer Murphy USA has appointed Mindy West, currently its chief operating officer (COO), as president with immediate effect and as president and CEO from 1 January 2026.
West will succeed Andrew Clyde and will also join the company’s board of directors.
Clyde, who will retire from the board on 31 December 2025, will serve as a non-executive adviser until February 2027 to support the transition of responsibilities to West.
Murphy USA Board chairman Madison Murphy stated: “On behalf of the board, I am delighted to welcome Mindy as Murphy USA’s next president and CEO and as a member of our board.
“We are confident in her ability to build on our strong foundation and drive continued success for our company and our shareholders.”
The retailer’s board also reaffirmed the company’s 50/50 long-term capital allocation approach and approved several measures aligned with that framework.
It authorised a new share buyback of up to $2bn, running until 31 December 2030. This programme will begin after the current $1.5bn authorisation is completed.
The board also declared a quarterly cash dividend of $0.63 per common share, or $2.52 on an annualised basis, representing a 19% increase from the Q3 2025 dividend.
West joined Murphy Oil Corporation, the former parent of Murphy USA, in 1996 and has worked across finance, human resources and planning.
She became executive vice-president, chief financial officer and treasurer of Murphy USA at the time of the 2013 spin-off, and added responsibility for fuels in 2017.
She was promoted to COO in February 2024, assuming further commercial and operational duties.
Clyde joined Murphy USA before the 2013 spin-off after a two-decade career at Booz & Company, where he held roles including North American energy practice leader and Dallas office managing partner.
As CEO, he oversaw the expansion of the business to 27 US states and more than 1,770 locations.
Clyde commented: “Our thoughtful succession planning has positioned Murphy USA for this leadership transition. Mindy has played a pivotal role in shaping our strategy and delivering results, and I am proud to support her as she leads the company forward.”
