Rex Tillerson retires from Exxon Mobil to become U.S. Secretary of State
Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation, will retire from the oil giant following his nomination for Secretary of State by President Elect Donald Trump.
After Rex Tillerson´s decision to leave the company, Darren W. Woods, currently president of Exxon Mobil Corporation, has been elected chairman and chief executive officer by the board of directors effective January 1, 2017.
“We thank Rex for his leadership, service and dedication to ExxonMobil,” said the board. “We know that his service to the nation as secretary of state will be equally successful and distinguished.”
Tillerson, who has been working with Exxon Mobil for 41 years, was scheduled to retire in March 2017 when he reached 65, the company’s mandatory retirement age for his position.
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 chief executive officer in January 2006.
