Rex Tillerson

Rex Tillerson
Born (1952-03-23) March 23, 1952
Wichita Falls, Texas, USA
Nationality American
Ethnicity American
Citizenship 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. 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

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

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]

In 2012, Tillerson’s compensation package was $40.3 million.[12]

He was a member of the Executive Committee of The Business Council for 2011 and 2012.[13]

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.[14][15] Tillerson and his wife dropped out of the lawsuit after a judge dismissed their claim in November 2014.[16]

Philanthropy

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.[17] 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.[18][19] He is a member of the National Executive Board of the Boy Scouts of America, the organization's governing body.[20]

Personal life

Tillerson is married and has four children. He resides in Irving, Texas.[5]

References

  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. 1 2 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. 1 2 "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. 1 2 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. ↑ 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)
  12. ↑ "Jamie Dimon's Big Pay Raise – and the Minimum Wage". Huffington Post. February 4, 2014. Retrieved February 11, 2014.
  13. ↑ The Business Council, Official website, Executive Committee
  14. ↑ "Exxon Mobil CEO welcomes fracking, but not water tower in his backyard". Reuters. February 26, 2014.
  15. ↑ "Exxon CEO Joins Suit Citing Fracking Concerns". The Wall Street Journal.
  16. ↑ "Rex Tillerson drops out of water tower lawsuit in Bartonville". BizJournals.com. 21 April 2014. Retrieved 28 November 2014.
  17. ↑ "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.
  18. ↑ "New BSA President Rex Tillerson Among 2010 Silver Buffalo Award Recipients". Boy Scouts of America. June 2010. Retrieved June 2, 2010.
  19. ↑ "2010 Silver Buffalo Recipients". Scouting (September–October 2010): 39.
  20. ↑ Boy Scouts of America Annual Report 2011

External links

Wikimedia Commons has media related to Rex Tillerson.
Boy Scouts of America
Preceded by
John Gottschalk		 National president
2010 – 2012 		Succeeded by
Wayne M. Perry
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