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ExxonMobil’s President Tom Walters Is Stepping Down

December 2, 2016

An Exxon Mobile Corp. Gas Station Ahead Of Earnings FiguresAn Exxon Mobile Corp. Gas Station Ahead Of Earnings Figures
An American flag flies next to signage at an Exxon Mobil Corp. gas station in Cherry Valley, Illinois.Photograph by Daniel Acker—Bloomberg via Getty Images

Exxon Mobil, the world’s largest publicly traded oil company, said Tom Walters, president of ExxonMobil Production, will retire after 38 years with the company.

Neil Duffin, president of ExxonMobil Development, has been appointed by the board to replace Walters, the company said on Friday.

Liam Mallon, vice president of ExxonMobil Development, will assume the role of president of the development company.

 

The news comes a day after media reports that U.S. President-elect Donald Trump is considering former ExxonMobil chief executive Lee Raymond and current CEO Rex Tillerson as candidates for secretary of state.