Rex W. Tillerson was the Chairman and CEO of ExxonMobil from 2006 to 2016. He started working with the company back in 1975 and held various important roles throughout his career, like President of ExxonMobil Development Company. His leadership was...

Number of Employees

61.5K

Year

2016

Total Compensation

$16.95M

Salary

$3.17M

Board Justification

The compensation philosophy is designed to reward outstanding performance, promote retention, and encourage long-term business decisions that align with shareholder interests.

Bonus

$1.67M

Board Justification

The 2016 bonus was paid one-half in cash at the time of grant. The Company delays payment of the balance until cumulative earnings reach $6.50 per share. Delayed bonus amounts do not earn interest.

Other

$2.25M

Board Justification

Other compensation includes life insurance, savings plan contributions, personal security, and financial planning services.

Restricted Stock

$9.87M(112.5K Performance Shares)

Board Justification

In 2016, for Mr. Tillerson, restrictions lapsed on 50 percent of performance share awards that were granted in 2011.

Performance Metrics

The performance metrics for determining the CEO's compensation include industry-leading results across seven pre-established performance areas and metrics.

SEC Filing

From April 13, 2017

Rex W. Tillerson

Ex-CEO of Exxon Mobil

RW

Education

Bachelor's degree in Civil Engineering from the University of Texas at Austin

Field of Expertise

Technology & Engineering - Engineering

Born

March 23, 1952 - 72 years ago

Is Founder?

No

Tenure

10 years 11 months (Jan 2006 - Dec 2016)

Previous Experience

Joined Exxon in 1975, held various management positions including President of ExxonMobil Development Company.