Rex Tillerson
Encyclopedia
Rex W. Tillerson is the current Chairman, President
, and CEO
of Exxon Mobil Corporation
, positions previously held by Lee Raymond
.
, in 1970. He received a Bachelor of Science
in civil engineering
from the University of Texas at Austin
. 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.
. 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 recently re-established his authority 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.".
In 2011 Tillerson signed an agreement with Russia, for drilling in the Arctic, that could be valued up to $300 billion.
in 1965. At the time of his Eagle award, Tillerson was a 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.
President
A president is a leader of an organization, company, trade union, university, or country.Etymologically, a president is one who presides, who sits in leadership...
, and CEO
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
of Exxon Mobil Corporation
ExxonMobil
Exxon Mobil Corporation or ExxonMobil, is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company, and was formed on November 30, 1999, by the merger of Exxon and Mobil. Its headquarters are in Irving, Texas...
, positions previously held by Lee Raymond
Lee Raymond
Lee R. Raymond 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....
.
Education
Tillerson graduated from Huntsville High School, Huntsville, TexasHuntsville, Texas
Huntsville is a city in and the county seat of Walker County, Texas, United States. The population was 35,508 at the 2010 census. It is the center of the Huntsville micropolitan area....
, in 1970. He received a Bachelor of Science
Bachelor of Science
A Bachelor of Science is an undergraduate academic degree awarded for completed courses that generally last three to five years .-Australia:In Australia, the BSc is a 3 year degree, offered from 1st year on...
in civil engineering
Civil engineering
Civil engineering is a professional engineering discipline that deals with the design, construction, and maintenance of the physical and naturally built environment, including works like roads, bridges, canals, dams, and buildings...
from the University of Texas at Austin
University of Texas at Austin
The University of Texas at Austin is a state research university located in Austin, Texas, USA, and is the flagship institution of the The University of Texas System. Founded in 1883, its campus is located approximately from the Texas State Capitol in Austin...
. During his time at UT Austin, he was involved with the Tejas Club, Longhorn Band, and Alpha Phi Omega
Alpha Phi Omega
Alpha Phi Omega is the largest collegiate fraternity in the United States, with chapters at over 350 campuses, an active membership of approximately 17,000 students, and over 350,000 alumni members...
.. In 2006 he was named a Distinguished Engineering Graduate.
Early career
Tillerson joined The Exxon Company, U.S.A., 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.Leadership of Exxon Mobil
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 RaymondLee Raymond
Lee R. Raymond 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....
. Tillerson is also a trustee
Trustee
Trustee is a legal term which, in its broadest sense, can refer to any person who holds property, authority, or a position of trust or responsibility for the benefit of another...
for the Center for Strategic and International Studies
Center for Strategic and International Studies
The Center for Strategic and International Studies is a bipartisan Washington, D.C., foreign policy think tank. The center was founded in 1962 by Admiral Arleigh Burke and Ambassador David Manker Abshire, originally as part of Georgetown University...
and the American Petroleum Institute
American Petroleum Institute
The American Petroleum Institute, commonly referred to as API, is the largest U.S trade association for the oil and natural gas industry...
, and is a member of the Business Roundtable
Business Roundtable
The Business Roundtable is a politically conservative group of chief executive officers of major U.S. corporations formed to promote pro-business public policy.-History:...
.
Tillerson recently re-established his authority during a shareholder meeting on May 28, 2008. The Rockefeller family
Rockefeller family
The Rockefeller family , the Cleveland family of John D. Rockefeller and his brother William Rockefeller , is an American industrial, banking, and political family of German origin that made one of the world's largest private fortunes in the oil business during the late 19th and early 20th...
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
Alternative energy
Alternative energy is an umbrella term that refers to any source of usable energy intended to replace fuel sources without the undesired consequences of the replaced fuels....
. The resolution did not obtain the necessary majority and Tillerson held on to both job titles.
In 2009, Exxon Mobil acquired XTO Energy
XTO Energy
XTO Energy is an American Fortune 500 energy producing company. Its primary products are oil and natural gas. It is based in Downtown Fort Worth, Texas. Its current CEO is Keith Hutton.-History:The company was founded in 1985 as Cross Timbers Oil Company...
, a major natural gas producer, for $31 Billion in stock. Some writers have stated that "Tillerson’s legacy rides on the XTO Deal.".
In 2011 Tillerson signed an agreement with Russia, for drilling in the Arctic, that could be valued up to $300 billion.
Scouting
Tillerson earned and was awarded the rank of Eagle ScoutEagle Scout (Boy Scouts of America)
Eagle Scout is the highest rank attainable in the Boy Scouting program of the Boy Scouts of America . A Scout who attains this rank is called an Eagle Scout or Eagle. Since its introduction in 1911, the Eagle Scout rank has been earned by more than 2 million young men...
in 1965. At the time of his Eagle award, Tillerson was a Scout in Troop 820 sponsored by the First Presbyterian Church in Stillwater, Oklahoma
Stillwater, Oklahoma
Stillwater is a city in north-central Oklahoma at the intersection of U.S. 177 and State Highway 51. It is the county seat of Payne County, Oklahoma, United States. As of the 2010 census, the city population was 45,688. Stillwater is the principal city of the Stillwater Micropolitan Statistical...
. 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
Silver Buffalo Award
The Silver Buffalo Award is the national-level distinguished service award of the Boy Scouts of America. It is presented for noteworthy and extraordinary service to youth on a national basis, either as part of, or independent of the Scouting program...
in 2010 and appointed as the National President of the Boy Scouts of America on May 23, 2010.