Rex Tillerson

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Rex Tillerson
RexTillerson.jpg
Born (1952-03-23) March 23, 1952 (age 64)
Wichita Falls, Texas, US
Nationality American
Alma mater University of Texas at Austin
Occupation Chairman & CEO, Exxon Mobil Corp. (2006–)
Salary $40.3 million (2012) [1]
Predecessor Lee R. Raymond
Spouse(s) Renda St. Clair[2]

Rex Wayne Tillerson (born March 23, 1952 in Wichita Falls, Texas) is an American businessman and is the chairman, president, and CEO of Exxon Mobil Corporation.[3] 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.[4]

Education[edit]

Rex Wayne Tillerson was born on March 23, 1952 in Wichita Falls, Texas. He earned the rank of Eagle Scout[5] in 1965.[6] 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.[7] During his time at UT Austin, he was involved with the Tejas Club,[8] Longhorn Band,[8] and Alpha Phi Omega.[9] In 2006 he was named a Distinguished Engineering Graduate.[7]

Business career[edit]

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 2009, Exxon Mobil acquired XTO Energy, a major natural gas producer, for $31 billion in stock. Some writers have stated that "Tillerson’s legacy rides on the XTO Deal."[10]

In 2010, Tillerson said that while the company acknowledged that humans were affecting the climate through greenhouse gas emissions to some degree, it was not yet clear “to what extent and therefore what can you do about it.”[11][12]

In 2011 Tillerson signed an agreement with Russia, for drilling in the Arctic, that could be valued up to $300 billion.[13]

In 2012, Tillerson’s compensation package was $40.3 million.[14]

He was a member of the Executive Committee of The Business Council for 2011 and 2012.[15]

On February 20, 2014 news outlets reported that Tillerson joined opponents of a proposed water tower that could lead to fracking-related traffic near their homes. Plaintiffs included former U.S. House of Representatives Majority Leader Dick Armey and his wife.[16][17] Tillerson and his wife dropped out of the lawsuit after a judge dismissed their claim in November 2014.[18]

Personal life[edit]

Tillerson is married and has four children. He resides in Irving, Texas.[5] Tillerson is a devout Christian who attends Church and Bible study every week.

References[edit]

  1. ^ "Packed Packages". Bloomberg. 
  2. ^ Cordon, Matthew C. "Rex W. Tillerson 1952 – Biography". Encyclopedia of Business, 2nd ed. Advameg. Retrieved January 23, 2012. 
  3. ^ Rex W. Tillerson. ExxonMobil. Retrieved on June 28, 2012.
  4. ^ "Google Passes Exxon to Become Second-Most Valuable U.S. Company". Bloomberg. February 7, 2014. Retrieved February 7, 2014. 
  5. ^ a b Kirdahy, Matthew (September 4, 2007). "Teaching Leadership: Scouts Honor". Forbes. Retrieved September 5, 2007. 
  6. ^ "Eagles Honor Roll of Troop 820". Troop 820 Web Page. September 2010. Retrieved September 24, 2010. 
  7. ^ a b "2006 Distinguished Engineering Graduate: Rex W. Tillerson, B.S.C.E. 1975, Chairman and CEO, Exxon Mobil Corporation". Cockrell School of Engineering, University of Texas. 
  8. ^ a b Barnhill, Ted. "Distinguishing Features: The Distinguished Alumni of 2007". The Alcalde. Texas Exes. Retrieved January 22, 2012. 
  9. ^ "Torch Talk" (PDF). Torch & Trefoil. Alpha Phi Omega. Retrieved January 22, 2012. 
  10. ^ Corkery, Michael (December 14, 2009). "King Rex Tillerson's Legacy Rides on the XTO Deal". Wall Street Journal. Retrieved January 26, 2010. 
  11. ^ Link PDF
  12. ^ Schwartz, John (August 19, 2016). "Exxon Mobil Fraud Inquiry Said to Focus More on Future Than Past". NYT. Retrieved August 23, 2016. 
  13. ^ Trefgarne, George (August 31, 2011). "Vladimir Putin plays for high stakes in the oil game". London: The Telegraph, Great Britain. Retrieved September 20, 2011.  External link in |publisher= (help)
  14. ^ "Jamie Dimon's Big Pay Raise – and the Minimum Wage". Huffington Post. February 4, 2014. Retrieved February 11, 2014. 
  15. ^ The Business Council, Official website, Executive Committee
  16. ^ "Exxon Mobil CEO welcomes fracking, but not water tower in his backyard". Reuters. February 26, 2014. 
  17. ^ "Exxon CEO Joins Suit Citing Fracking Concerns". The Wall Street Journal. 
  18. ^ "Rex Tillerson drops out of water tower lawsuit in Bartonville". BizJournals.com. 21 April 2014. Retrieved 28 November 2014. 

External links[edit]

Business positions
Preceded by
Lee Raymond
Chairman and CEO of ExxonMobil
January 1, 2006 - present
Succeeded by
incumbent
Boy Scouts of America
Preceded by
John Gottschalk
National president
2010 – 2012
Succeeded by
Wayne M. Perry