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Chad Deaton elected to Marathon Oil’s board

HOUSTON – Chad Deaton has been elected to Marathon Oil Corporation’s board of directors, effective January 1, 2014.

Deaton, 60, previously served as executive chairman of the board of Baker Hughes Incorporated from January 2012 until his retirement on April 25, 2013. Prior to that, he served as chairman, president and CEO of the company from 2004 until January 2012.

"Marathon Oil is very pleased to welcome Chad Deaton to our company' s board of directors," said Clarence P. Cazalot Jr., Marathon Oil executive chairman. "Chad' s depth of experience and knowledge of the oil and gas industry, his demonstrated leadership and his keen awareness of the key drivers of success in our industry make him an outstanding addition to the Marathon Oil board."

Before joining Baker Hughes in 2004, Deaton was president and CEO of Hanover Compressor Company from 2002 through October 2004. He was a senior advisor to Schlumberger Oilfield Services from 1999 to September 2001 and was an executive V.P. of that company from 1998 to 1999.

Deaton currently serves on the boards of Ariel Corporation, a privately held manufacturer of gas compressor equipment; Air Products and Chemicals Inc., a supplier of gases and equipment, specialty and intermediate chemicals, and environmental and energy systems; and Transocean Ltd.



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