EL DORADO, Ark. — Murphy USA Inc. has announced a leadership transition, appointing Chief Operating Officer Mindy K. West as president, effective immediately, and naming her successor to President and Chief Executive Officer Andrew Clyde, who will retire December 31 after 13 years leading the convenience retailer.
West, who joined the company’s former parent, Murphy Oil Corporation, in 1996, will assume the role of CEO on January 1, 2026, and join Murphy USA’s board of directors. Clyde will continue as a non-executive advisor through February 2027 to support the transition.
Mr. Murphy noted, “Andrew Clyde is an icon in the industry and has driven unparalleled results since our spin in 2013. The Board extends its sincere gratitude to Andrew for his exceptional leadership. In addition to driving growth and results for Murphy USA, Andrew has built an exceptional leadership team and positioned Mindy for a strong and seamless transition.”
“On behalf of the board, I am delighted to welcome Mindy as Murphy USA’s next president and CEO,” said Board Chairman Madison Murphy. “Mindy’s proven leadership and deep expertise in our business and industry make her uniquely qualified to guide Murphy USA into its next chapter.”
Clyde added, “Mindy has played a pivotal role in shaping our strategy and delivering results. I am certain that under her leadership, Murphy USA will continue its tradition of growth, disciplined capital allocation, and significant value creation for all stakeholders.”
West has spent nearly three decades with the company, holding leadership roles across finance, HR, and fuels operations. She served as executive vice president, CFO and treasurer before becoming COO in 2024.
Leadership Transition Follows Period of Restructuring
The announcement comes amid a challenging stretch for Murphy USA, which has experienced revenue pressures and workforce reductions over the past year as it accelerates investments in new-to-industry (NTI) stores. In September, the company laid off about 100 corporate employees as part of an effort to “strengthen operational effectiveness and position the company for long-term success.”
Earlier this month, Executive Vice President and Chief Financial Officer Galagher Jeff resigned, effective October 14. The company emphasized that his departure “is not the result of any disagreement” regarding operations or performance. Murphy USA appointed veteran finance executive Donald R. Smith Jr. as interim CFO.
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Board Reaffirms 50/50 Capital Strategy
Murphy USA’s board also reaffirmed its long-term capital allocation framework, which balances reinvestment and shareholder returns evenly. The board approved a new $2 billion share repurchase authorization, effective through 2030, to commence after the current $1.5 billion program concludes. Additionally, the board raised its quarterly cash dividend by 19 percent to $0.63 per share, payable on December 1 to shareholders of record as of November 10.
Since its 2013 spin-off from Murphy Oil, the company has repurchased over 29 million shares—roughly 63 percent of its original outstanding stock—and maintained dividend growth at a compound annual rate of 20%.
Murphy USA also reaffirmed its plans to open 50 or more new stores annually, while expanding reinvestment in existing locations through remodels and rebuilds beginning in 2026.
Headquartered in El Dorado, Arkansas, Murphy USA operates more than 1,750 Murphy USA, Murphy Express, and QuickChek convenience stores across 27 states.
