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ExxonMobil names Darren Woods as next CEO

December 15, 2016

ExxonMobil has named Darren Woods, currently president of ExxonMobil, as its next chairman and CEO effective 1 January 2017.

Woods succeeds Rex Tillerson who has been nominated as US secretary of state by President-elect Donald Trump.

Woods, 51, was elected president of ExxonMobil and a member of its board in January 2016. Prior to being named president, Woods served as ExxonMobil senior v.p. and had served as president of ExxonMobil refining and supply. Woods previously held senior executive positions at ExxonMobil Chemical, and was named v.p. of its adhesion business in 2005 and v.p./specialty elastomers in 2007.

Tillerson was scheduled to retire in March 2017 when he reached 65, the company’s mandatory retirement age. “After consideration, Tillerson concluded, and the board agreed, that given the significant requirements associated with the confirmation process, it was appropriate to move the retirement date,” ExxonMobil says.

By Robert Westervelt

Source: Chemical Week

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