Rex Tillerson

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Rex Tillerson
RexTillerson.jpg
Born (1952-03-23) March 23, 1952 (age 62)
Wichita Falls, Texas, USA
Nationality American
Alma mater University of Texas at Austin
Occupation Chairman & CEO at
Exxon Mobil Corp. (2006–)
Salary $40.3 million (2012) 1
Predecessor Lee R. Raymond
Spouse(s) Renda St. Clair2

Rex W. Tillerson (born March 23, 1952 in Wichita Falls, Texas) 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

Tillerson earned the rank of Eagle Scout5 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

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 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 2011 Tillerson signed an agreement with Russia, for drilling in the Arctic, that could be valued up to $300 billion.11

He was a member of the Executive Committee of The Business Council for 2011 and 2012.12

Fracking Controversy

On Feb 20th, 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.13 14

Personal life

Tillerson is married and has four children. He lives in Irving, Texas.5

Scouting

Tillerson was 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.15 He was awarded the Silver Buffalo Award in 2010 and appointed as the National President of the Boy Scouts of America on May 23, 2010.1617 He is a member of the National Executive Board of the Boy Scouts of America, the organization's governing body.18

Notes

  1. ^ http://www.bloomberg.com/slideshow/2013-07-11/compensation-kings-top-15-u-s-ceos.html#slide2
  2. ^ Cordon, Matthew C. "Rex W. Tillerson 1952— Biography". Encyclopedia of Business, 2nd ed. Advameg. Retrieved 23 January 2012. 
  3. ^ Rex W. Tillerson. ExxonMobil. Retrieved on 2012-06-28.
  4. ^ ""Google Passes Exxon to Become Second-Most Valuable U.S. Company"". Bloomberg. 2014-02-07. Retrieved 2014-02-07. 
  5. ^ a b "Teaching Leadership: Scouts Honor". Forbes. 2007-09-04. Retrieved 2007-09-05. 
  6. ^ "Eagles Honor Roll of Troop 820". Troop 820 Web Page. September 2010. Retrieved 2010-09-24. 
  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 22 January 2012. 
  9. ^ "Torch Talk". 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 2010-01-26. 
  11. ^ Trefgarne, George (August 31, 2011). "Vladimir Putin plays for high stakes in the oil game". London: The Telegraph, Great Britain. Retrieved September 20, 2011. 
  12. ^ The Business Council, Official website, Executive Committee
  13. ^ "Exxon Mobil CEO welcomes fracking, but not water tower in his backyard". Reuters. 
  14. ^ "Exxon CEO Joins Suit Citing Fracking Concerns". The Wall Street Journal. 
  15. ^ "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. 
  16. ^ "New BSA President Rex Tillerson Among 2010 Silver Buffalo Award Recipients". Boy Scouts of America. June 2010. Retrieved June 2, 2010. 
  17. ^ "2010 Silver Buffalo Recipients". Scouting (September–October 2010): 39. 
  18. ^ Boy Scouts of America Annual Report 2011

References

Boy Scouts of America
Preceded by
John Gottschalk
National president
2010 – 2012
Succeeded by
Wayne M. Perry

External links








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