Rex Tillerson Explained

Rex W. Tillerson
Birth Date:23 March 1952
Birth Place:Wichita Falls, Texas, USA
Nationality:
Ethnicity:White
Alma Mater:University of Texas at Austin
Occupation:Chairman & CEO at
Exxon Mobil Corp. (2006-)
Salary:US$ 5,110,000 (2007)
Total: US$ 16,726,742 (2007)[1]
Predecessor:Lee R. Raymond
Party:Republican
Spouse:Renda St. Clair

Rex W. Tillerson (born March 23, 1952, in Wichita Falls, Texas) has been chairman and chief executive officer (CEO) of ExxonMobil Corporation since January 1, 2006.

Biography

After earning a B.S. from The University of Texas at Austin in civil engineering, Tillerson joined Exxon Company, U.S.A. in 1975 as an engineer. During his time at the UT-Austin, he was involved in the Tejas Club, Longhorn Band, and Alpha Phi Omega.

Tillerson held various positions with Exxon, domestically and internationally. In 1995, he became president of Exxon Yemen Inc. and Esso Exploration and Production Khorat Inc. In 1998, he became a vice president of Exxon Ventures (CIS) and president of Exxon Neftegas Limited with responsibility for Exxon's holdings in Russia and the Caspian Sea. In 1999, with the merger of Exxon and Mobil, he was named Executive Vice President of ExxonMobil Development Company. In 2001, he became President of Exxon Mobil Corporation; and in 2006, he became CEO following the retirement of Lee Raymond.An Eagle Scout,[2] [3] Tillerson is also a Trustee for Center for Strategic and International Studies, a member of the Business Roundtable and the American Petroleum Institute.

Tillerson recently re-established his authority during a shareholder meeting on May 28, 2008. The Rockefeller family sponsored a non-binding resolution to separate the CEO and chairman positions that Tillerson holds in order to maintain a system of checks and balances. The Rockefeller family also wanted Exxon Mobil to invest more in alternative energy. The resolution did not obtain the necessary majority, and Tillerson held on to both job titles.

References

External links

Notes and References

  1. http://www.reuters.com/finance/stocks/officerProfile?symbol=XOM.N&officerId=191865
  2. Web site: Teaching Leadership: Scouts Honor. 2007-09-05. September. 2007. Forbes.
  3. "2006 Distinguished Engineering Graduate: Rex W. Tillerson", 2006