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...
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 marked by a huge focus on safety and maximizing return for shareholders. In his last year as CEO, Tillerson's total compensation was over $27 million, which included a salary of $3.16 million and a bonus. Interestingly, he did not have a formal employment contract, as ExxonMobil operates with all executives considered 'at-will' employees. Rex's time at ExxonMobil saw him navigate various challenges in the oil and gas industry, and he consistently pushed for long-term strategies rather than quick wins. After 41 years with the company, he stepped down and was succeeded by Darren Woods, leaving behind a legacy of operational integrity and strategic growth.