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Timothy Smith

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Timothy Smith

Re: magness post# 1765

Friday, 12/11/2015 9:23:35 PM

Friday, December 11, 2015 9:23:35 PM

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Exxon Mobil (XOM -1.8%) promotes senior VP Darren Woods to President, setting him on a path to succeed CEO Rex Tillerson.

The elevation of Woods, XOM’s head of refining, apparently ends the internal competition with exploration chief Jack Williams to replace Tillerson upon retirement some time between now and March 2017 when the current CEO reaches the company’s mandatory retirement age of 65.

Woods joined XOM in 1992 and worked his way up through the refining and chemicals businesses; he was appointed to the management committee that oversees day-to-day operations in 2014 alongside Williams.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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