PERSONNEL MOVES AND PROMOTIONS: Marathon consolidates US upstream sector, appoints new senior team

Marathon Oil Co., a unit of USX Corp. unit USX-Marathon Group, Pittsburgh, plans to consolidate parts of its US upstream organization in an effort to cut costs by $75 million/year and provide the company the footing to expand its business globally.While Marathon has a "solid reputation" as a low-cost producer, Pres. Clarence Cazalot said that, due to the competitiveness of the US market, Marathon needs to ensure that its general and administrative costs are also competitive.About 200 positions will be eliminated as the result of these consolidation plans, which are expected to be complete by yearend. In addition, a full review of Marathon's business practices is under way, and it is a...

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