Murphy USA Names Mindy West President, Plans $2B Buyback

Murphy USA is undergoing a leadership transition with Mindy K. West appointed as President and Chief Operating Officer immediately and set to become President and CEO on January 1, 2026, succeeding Andrew Clyde, who will retire at the end of 2025. West will also join the company's Board of Directors at that time. The company's Board has approved a new $2 billion share repurchase program expiring in 2030, commencing after the completion of the existing $1.5 billion plan, and raised the quarterly dividend by approximately 19%, reflecting a commitment to enhancing shareholder value. Murphy USA operates over 1,700 fueling stations and convenience stores across the Midwest, Southeast, and other U.S. regions, with a business model focused on fuel retailing and in-store sales. The leadership change and financial strategies are part of a broader plan to ensure continuity, growth, and long-term capital allocation balance. The Board and outgoing CEO expressed confidence in West's ability to lead the company into its next chapter and sustain its growth trajectory.