Dive Brief:
- Murphy USA has named Donald Smith Jr. as senior vice president, chief financial officer and treasurer, effective April 3, according to a filing with the U.S. Securities and Exchange Commission on Monday.
- Smith had been serving as interim CFO since October, when previous CFO Gallagher Jeff left to eventually become CFO at convenience retail competitor Arko Corp. in December.
- Smith’s appointment is the latest in a string of leadership changes Murphy USA has made this year as its new CEO undertakes a cultural shift.
Dive Insight:
Murphy USA promoted Mindy West from chief operating officer to president and CEO in January. That same month, the company made three other additions to its leadership team, naming Eric Bartko as senior vice president and chief customer officer, Keith Emery as SVP of fuels and Scott Woodward as SVP of merchandising.
Now the company has made Smith its full-time CFO.
Smith has worked for Murphy USA since it was spun out from Murphy Oil in 2013, according to the SEC filing. He initially worked as vice president and controller, then added treasurer duties in 2024.
Before joining Murphy, Smith spent 14 years with professional services network KPMG, working his way up to senior manager in the audit and assurance practice.
In his new role, Smith’s salary will be raised to $550,000 and his annual bonus and incentive award opportunities will also be increased, according to the filing.
These leadership changes come as Murphy has seen two years of revenue declines. As it looks to rebound, the company has remained focused on its new store and raze-and-rebuild programs, alongside refreshing the look of its Murphy banner and pushing the QuickChek brand into new markets.
