Rex W. Tillerson, Chairman and CEO of Exxon Mobil Corporation, has officially announced his intention to end at year-end a 41-year career in the company. He was nominated by US President-elect Donald Trump to serve as the country’s Secretary of State.
Darren W. Woods, currently President of Exxon Mobil Corporation, has been elected Chairman and CEO by the board of directors, effective January 1, 2017.
“We thank Rex for his leadership, service and dedication to ExxonMobil,” the ExxonMobil board said in a statement. “He led the company with integrity and honor, ensuring that safety and environmental protection were at the forefront of everything we do, generating value for shareholders and highlighting the impressive accomplishments of the company’s diverse workforce throughout the world. We know that his service to the nation as secretary of state will be equally successful and distinguished.”
Tillerson was scheduled to retire in March 2017 when he reached 65, the company’s mandatory retirement age for his position. ExxonMobil’s board and Tillerson both agreed that, given the significant requirements associated with the confirmation process, it was appropriate to move the retirement date.
Tillerson joined Exxon Company USA in 1975 as a Production Engineer. He held various senior roles in the corporation throughout his career spanning more than four decades, including Executive Vice President of ExxonMobil Development Company.
He was named Senior Vice President of Exxon Mobil Corporation in 2001 and was elected President and member of the board of directors in 2004. Tillerson was elected Chairman and CEO in January 2006.
Woods, 51, was elected President of ExxonMobil and a member of the board of directors in January 2016. In 2012, he was appointed President of ExxonMobil Refining & Supply Company and Vice President of the corporation. In this role, Woods had primary responsibility for the company’s global refining, supply and transportation activities.
In 2014, he was named a Senior Vice President of the corporation and became a member of its management committee.
Source : China Plastic and Rubber Journal
