Marathon Oil Corp. CEO Charles Cazalot will be required to step down in three years when he turns age 65, but the company has a succession planning process in place, Cazalot said during an earnings conference call. Last December COO David Roberts left the company with less than a week’s notice “to pursue other interests.” Cazalot said Marathon has a “very strong team and the company is in very good hands, and succession planning for the leadership team is a critical priority.” Roberts had been viewed by some as a successor to Cazalot.

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