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Exxon Mobil chairman and CEO Rex Tillerson to retire at year-end

Rex W. TillersonRex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation has announced his intention to retire at year-end after more than 41 years of service.

Mr. Tillerson was scheduled to retire in March 2017 when he reached 65, the company’s mandatory retirement age for his position.

Mr. Tillerson joined Exxon Company USA in 1975 as a production engineer.

Mr. Tillerson 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. Mr. Tillerson was elected chairman and chief executive officer in January 2006.

Darren W. Woods, currently president of Exxon Mobil Corporation, has been elected chairman and chief executive officer by the board of directors effective Jan. 1, 2017.

Mr. Woods was elected president of ExxonMobil and a member of the board of directors in January 2016. Mr. Woods joined Exxon Company International in 1992.

During his career he held various senior domestic and international positions in ExxonMobil Refining & Supply Company, ExxonMobil Chemical Company and Exxon Company International. He also served as manager of ExxonMobil investor relations.

In 2012, he was appointed president of ExxonMobil Refining & Supply Company and a vice president of the corporation. In this role, he 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.

Mr. Woods earned a bachelor’s degree in electrical engineering from Texas A&M University and a master’s degree in business administration from Northwestern University’s Kellogg School of Management.


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