March 23, 1952 |
Wichita Falls, Texas, USA
|Alma mater||University of Texas at Austin|
|Occupation||Chairman & CEO at
Exxon Mobil Corp. (2006–)
|Salary||$40.3 million (2012) |
|Predecessor||Lee R. Raymond|
|Spouse(s)||Renda St. Clair|
Rex W. Tillerson (born March 23, 1952 in Wichita Falls, Texas) is an American businessman and is the chairman, president, and CEO of Exxon Mobil Corporation. Under Tillerson's leadership Exxon acquired XTO Energy. Exxon has tied with Apple Inc. and Google to be one of the top three largest public companies by market value.
Tillerson earned the rank of Eagle Scout in 1965. In 1970, he graduated from Huntsville High School in Huntsville, Texas. He received a Bachelor of Science in civil engineering from the University of Texas at Austin in 1975. During his time at UT Austin, he was involved with the Tejas Club, Longhorn Band, and Alpha Phi Omega. In 2006 he was named a Distinguished Engineering Graduate.
Career at Exxon
Tillerson joined The Exxon Company, US, in 1975 as an engineer. He 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 2004, he became president and director of Exxon Mobil and on January 1, 2006, he was elected chairman and chief executive officer (CEO), following the retirement of Lee Raymond. Tillerson is also a trustee for the Center for Strategic and International Studies and the American Petroleum Institute, and is a member of the Business Roundtable.
Tillerson re-established his position 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.
In 2011 Tillerson signed an agreement with Russia, for drilling in the Arctic, that could be valued up to $300 billion.
In 2012, Tillerson’s compensation package was $40.3 million.
On February 20, 2014 several news outlets reported that Mr. Tillerson joined opponents of a proposed water tower that could lead to fracking-related traffic near their homes. The Tillersons aren’t the only high-powered people protesting the water tower’s construction. The lead plaintiffs in the suit are former U.S. House of Representatives Majority Leader Dick Armey and his wife. Fracking is a big part of Exxon's business (the company Mr. Tillerson leads), especially in Texas.
In November 2014, Tillerson and his wife dropped out of the lawsuit that was seeking to stop the construction of the water tower near their ranch after a judge dismissed their claim.
Tillerson is an Eagle Scout in Troop 820 sponsored by the First Presbyterian Church in Stillwater, Oklahoma. In 2009, he was inducted into the Eagle Scout Hall of Fame of the Greater New York Councils. He was awarded the Silver Buffalo Award in 2010 and appointed as the National President of the Boy Scouts of America on May 23, 2010. He is a member of the National Executive Board of the Boy Scouts of America, the organization's governing body.
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- Trefgarne, George (August 31, 2011). "Vladimir Putin plays for high stakes in the oil game". London: The Telegraph, Great Britain. Retrieved September 20, 2011.
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- The Business Council, Official website, Executive Committee
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- "Rex Tillerson drops out of water tower lawsuit in Bartonville". BizJournals.com. 21 April 2014. Retrieved 28 November 2014.
- "Boy Scouts Inducts Rex Tillerson, Chairman and CEO of ExxonMobil, Into Eagle Scout Hall of Fame" (Press release). Boy Scouts of America. October 28, 2009. Retrieved June 2, 2010.
- "New BSA President Rex Tillerson Among 2010 Silver Buffalo Award Recipients". Boy Scouts of America. June 2010. Retrieved June 2, 2010.
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- Boy Scouts of America Annual Report 2011
- "Rex W. Tillerson, Chairman and Chief Executive Officer". About Us. Exxon Mobil Corporation.
|Boy Scouts of America|
2010 – 2012
Wayne M. Perry
|Wikimedia Commons has media related to Rex Tillerson.|
- World Energy magazine – The Global Energy Community's Leadership Imperative
- Rolling Stone Magazine on R. Tillerson's Climate Change Impact