Leads the teams responsible for finance, commercial, acquisitions and divestitures and information technology

Don Wallette, Jr. is executive vice president and chief financial officer. In this role, Wallette leads the company’s finance, commercial, acquisitions and divestitures and information technology functions.  

Wallette and his finance team are responsible for internal and external financial reporting, tax management, capital and liquidity funding, risk management, insurance, pension management, cash management, transaction processing and internal controls. He and the commercial team are responsible for transporting and marketing oil and natural gas. Wallette’s information technology organization leads IT enterprise services, security and infrastructure.  

He has more than 30 years of experience in technical, commercial and international leadership. Wallette previously served as executive vice president, Finance, Commercial and chief financial officer; executive vice president, Commercial, Business Development and Corporate Planning; president, Asia Pacific; and president, Russia/Caspian. He was also a management consultant to the Russian oil company, Lukoil. Prior to his Russia assignments, Wallette was manager of production technology and also managed the company's Rocky Mountain region.  

Wallette joined Phillips Petroleum Company in 1981 as a staff drilling engineer in Houston. He held positions in major project development in England and managed Phillips’ U.K. Southern Gas Basin business. Wallette also served as Oklahoma region manager for the midstream business; manager of corporate planning and development; and production and process/transportation manager in Norway.  

He is a member of Leadership Oklahoma and serves on the board of Theater Under the Stars (TUTS). Additionally, he has served on the boards of Lukoil and the United Way of Moscow, as well as director of the US-ASEAN Business Council and the Engineering and Advisory Council at the University of Colorado.  

Wallette graduated in 1981 with a bachelor's degree in chemical engineering from the University of Southern California.