ExxonMobil on Friday announced the promotion of its former head of refining and current senior vice president, Darren Woods, to president of the company. He was also elected a member of Exxon’s board of directors. Both appointments are effective January 1. This positions him to succeed CEO Rex Tillerson upon his retirement.
Woods’ extensive experience in ExxonMobil’s downstream segment will serve the supermajor well, as refining performance remains strong (and needs to stay strong) as low oil prices continue to hit upstream profits.
Impressive Downstream Pedigree
Darren Woods, 50, was elected to his current position of senior vice president and a member of the management committee of the company in June 2014.
A native of Wichita, Kansas, Woods earned a bachelor’s degree in electrical engineering from Texas A&M University and a MBA from Northwestern University’s Kellogg School of Management.
In 1992, he joined Exxon Company International a planning analyst. He served in a number of domestic and international assignments for ExxonMobil Refining & Supply Company, ExxonMobil Chemical Company and Exxon Company International, and he served as manager of investor relations for ExxonMobil.
Woods has also held positions as vice president of supply and transportation and director of refining for Europe, Africa and the Middle East for ExxonMobil Refining & Supply Company and vice president of ExxonMobil Chemical Company.
He was appointed president of ExxonMobil Refining & Supply Company and a vice president of the corporation in 2012. In this role, he had primary responsibility for ExxonMobil’s global refining, supply, and transportation activities.