| Lee Raymond | |
|---|---|
| Nationality | American |
| Alma mater | University of Wisconsin–Madison University of Minnesota. |
| Occupation | ex Chairman & CEO at Exxon Mobil Corp. |
| Political party | Republican |
Lee R. Raymond (born August 13, 1938) was the Chief Executive Officer and Chairman of ExxonMobil from 1999 to 2005. He had previously been the CEO of Exxon since 1993. He joined the company in 1963 and has been president since 1987 and a director since 1984.
On August 4, 2005, Raymond announced that he would retire at the end of 2005 as ExxonMobil's Chairman and CEO. ExxonMobil president Rex W. Tillerson succeeded Raymond on 1 January 2006. On April 14, 2006, it was reported that Raymond's retirement package was worth about $400 million, the largest in history for a U.S. public company. However, the majority of that sum consisted of retirement-independent salary, bonuses, stock options, and restricted stock awards from his final year and prior years that, while high, are by no means unprecedented among major American CEOs. Retirement-specific payments in accordance with the standard pension plan provided to all ExxonMobil employees totaled around $100 million, calculated based on his over forty years of service and his salary upon retirement.
His son, John T. Raymond, is active in the oil and gas industry. John partnered with the Jim Flores and Paul Allen-backed Vulcan Capital in the buyout of Plains Resources.
Lee Raymond received the Woodrow Wilson Award from the Woodrow Wilson International Center for Scholars of the Smithsonian Institution for Corporate Citizenship during a dinner held in his honor in Dallas, Texas in early 2003.
Raymond was chair of the NPC when it was asked to produce a report on the future of oil supply and demand.[1]
The report of 18 July 2007 by the National Petroleum Council, of which Raymond is a member, argues, contrary to Raymond's former position on this matter, for an international framework to tackle emissions of carbon dioxide[2], suggesting that Raymond has taken a greener stand on energy policy after his retirement from Exxon.
Articles by Lee Raymond
Other
| Business positions | ||
|---|---|---|
| Preceded by position created |
CEO of ExxonMobil November 30, 1999–December 31, 2005 |
Succeeded by Rex Tillerson |
| Preceded by Lawrence G. Rawl |
CEO of Exxon 1993–November 30, 1999 |
Succeeded by Continued as head of ExxonMobil |