Murphy USA CEO Andrew Clyde will retire from the convenience-store chain at the end of the year, with current COO Mindy West named as his successor.
West (pictured below) becomes president immediately, the company announced late Wednesday, and will be president and CEO as of Jan. 1.
"Mindy and I took this company public in 2013, and she has been by my side every step of the way," Clyde said on the company's earnings call on Thursday. "Through the peaks and the troughs, through the campaigns that made the business better, through the major inflection points like COVID and the Walmart transition that shaped the business we run today, leading by example and establishing a winning culture. In short, she is well-positioned to lead Murphy USA into its next chapter providing the continuity that all our stakeholders will value from a successful transition."
Clyde, who came to Murphy USA in 2013, will remain with the El Dorado, Arkansas-based c-store retailer as a non-executive advisor through February 2027.
Clyde joined the company at the time of its spinoff from then-parent Murphy Oil Corp., which created Murphy USA in 2013 as an independent retail marketing business. During his tenure, Clyde oversaw Murphy’s expansion to 27 states and more than 1,770 locations.
On Thursday's earnings call, West told Clyde: "You built a foundation of this very successful public company and have improved it in every type of environment, which is just remarkable. And I want you to know, I truly appreciate your wisdom, your mentorship and your friendship. You will be missed, but it is not goodbye, because you know that I'm going to be calling you.”
- Murphy USA is No. 4 on CSP’s 2025 Top 202 ranking of U.S. convenience-store chains by store count.
Murphy USA Board Chairman Madison Murphy said in a statement that Clyde is an industry icon who has driven unparalleled results since 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,” Murphy said.
West joined Murphy USA’s former parent, Murphy Oil Corp., in 1996 and has held positions in finance, HR and planning. Following the spinoff in 2013, West was named executive vice president, CFO and treasurer. In 2017, she added fuels to her leadership duties.
As part of the succession planning process, she was promoted to COO in February 2024 and assumed additional commercial and operating responsibilities.
“Mindy’s proven leadership and deep expertise in our business and industry make her uniquely qualified to guide Murphy USA into its next chapter,” Murphy said. “We are confident in her ability to build on our strong foundation and drive continued success for our company and our shareholders.”
Murphy USA on Wednesday also reported its third-quarter results, noting total net income of $129.9 million, down from $149.2 million during the year-ago period. Merchandise contribution dollars during the third quarter increased 11.3% to $241.2 million on average unit margins of 21.5%. That’s up from $216.8 million in contribution dollars and unit margins of 20% during the same period in 2024.
Murphy USA opened eight new locations during the quarter and operated a total of 1,772 stores as of Sept. 30.
Clyde said the results reflect the “resilience” of the company’s business model.
Members help make our journalism possible. Become a CSP member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.