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Rex Wayne Tillerson (born March 23, 1952) is an American businessman and is the chairman and CEO of Exxon Mobil Corporation, the fifth largest company by market capitalization.Contents
Tillerson was born on March 23, 1952 in Wichita Falls, Texas. He earned the rank of Eagle Scout in 1965. 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. 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.Business career Exxon
Tillerson joined The Exxon Company in 1975 as a production engineer.
In 1989, Tillerson became general manager of the central production division of Exxon USA.
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.
On January 1, 2006, Tillerson was elected chairman and chief executive officer (CEO), following the retirement of Lee Raymond.
Tillerson re-established his position of chairman and chief executive officer during a shareholder meeting on May 28, 2008. The Rockefeller family sponsored a non-binding resolution to separate the CEO and chairman positions in order to maintain a system of checks and balances. The Rockefeller family also wanted Exxon Mobil to invest more in alternative energy. However, the resolution did not obtain the necessary majority and Tillerson held on to both the chairman and chief executive officer job titles.Role in Exxon's acquisition of XTO Energy
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."Ties with Russia
Tillerson has close ties with Vladimir Putin; the two men have been associates since Tillerson represented Exxon’s interests in Russia during Boris Yeltsin's premiership. John Hamre, the president and CEO of the Center for Strategic and International Studies(for which Tillerson is a board member), states that Tillerson "has had more interactive time with Vladimir Putin than probably any other American with the exception of Henry Kissinger."
In 2011, on behalf of ExxonMobil, Tillerson signed an agreement with Russia for drilling in the Arctic that could be valued up to $300 billion. Although the company began drilling in the Kara Sea in summer 2014, sanctions against Russia during the Ukranian crisis brought the project to a halt in September of that year.
In 2013, Tillerson was awarded the Order of Friendship by Putin.Ties with Kurdistan
In 2011, Tillerson, on behalf of ExxonMobil, signed a deal to develop oil fields in the autonomous region of Kurdistan. The agreement was in defiance of Iraqi law, which forbids companies from dealing directly with Kurdistan.Compensation
In 2012, Tillerson’s compensation package was $40.3 million. It was $28.1 million in 2013, $33.1 million in 2014, and $27.2 million in 2015.Other business affiliations
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.
He was a member of the Executive Committee of The Business Council for 2011 and 2012.Political involvement Political views Opposition to sanctions
Tillerson has stated that “We do not support sanctions, generally, because we don’t find them to be effective unless they are very well implemented comprehensively and that’s a very hard thing to do”.Climate change and carbon pricing
In 2010, Tillerson said that while he 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."
Tillerson also stated "The world is going to have to continue using fossil fuels, whether they like it or not."
Tillerson stated in 2009 that he favor a carbon tax as "the most efficient means of reflecting the cost of carbon in all economic decisions — from investments made by companies to fuel their requirements to the product choices made by consumers."Support of free trade
In March 2007, Tillerson asked "Should the United States seek so-called energy independence in an elusive effort to insulate this country from the impact of world events on the economy, or should Americans pursue the path of international engagement, seeking ways to better compete within the global market for energy? Like the Council's founders, I believe we must choose the course of greater international engagement. ... The central reality is this: The global free market for energy provides the most effective means of achieving U.S. energy security by promoting resource development, enabling diversification, multiplying our supply channels, encouraging efficiency, and spurring innovation."Gay rights
Tillerson served as president of the Boy Scouts of America from 2010-2012, at the time that the delegates voted to allow openly gay youths to join their troops and earn their merit badges. After the vote took place, Tillerson led the Boy Scouts to implement the change.Economic growth drivers
Tillerson has stated that "energy is the lifeblood to economic growth".Government regulation
In an interview with The Wall Street Journal, Tillerson expressed his impatience with government regulation, stating "there are a thousand ways you can be told ‘no’ in this country."Education
In September 2013, Tillerson wrote an op-ed piece in The Wall Street Journal defending Common Core.Fundraising and donations
Tillerson is a longtime contributor to Republican campaigns. According to the FEC records available online, Tillerson has given $442,284.50 in direct contributions since 2003, $72,200 in "joint fundraising contributions" and $5000 to a Super PAC. FEC records do not show any contributions by Tillerson to Democrats during this period.
He contributed to Mitt Romney in 2012 and Mitch McConnell. He was not an early supporter of Donald Trump, but had contributed to Jeb Bush's campaign.Secretary of State consideration
On December 5, 2016, speculation began that Tillerson was in consideration for the position of U.S. Secretary of State for the Administration of President-elect Donald Trump. On December 9, transition officials reported that Tillerson was the top candidate for the position surpassing Mitt Romney and David Petraeus.Personal life
Tillerson is married and has four children. He resides in Irving, Texas. Tillerson is a Christian. He and his wife donated $5,000-$10,000 to the National Association of Congregational Christian Churches in 2012.
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. Tillerson and his wife dropped out of the lawsuit after a judge dismissed their claim in November 2014.References