Press Release - ICYMI: Trump's Pick for State is an Accomplished Executive
By Jeff Horwitz
President-elect Donald Trump has found an accomplished American executive in Rex Tillerson...
A native of Wichita Falls, Texas, Tillerson came to Exxon Mobile Corp. as a production engineer straight out of the University of Texas at Austin in 1975 and never left. Groomed for an executive position, Tillerson came up in the rough-and-tumble world of oil production, holding posts in the company's central United States, Yemen and Russian operations.
In 2006, Tillerson won the battle to succeed former Exxon CEO Lee Raymond. Under the Texan's leadership, oil prices broke records and Exxon's profits helped make it the most valuable public company in the world, with a security force totaling thousands of employees, direct channels with governments worldwide and a strong aversion to American sanctions or limitations on where it could operate.
Tillerson has used Exxon's enormous profits to explore new regions for oil and gas and to invest in new acquisitions like XTO Resources, a company that had helped pioneer drilling for natural gas in formations of shale in the United States. But over the years oil has become more difficult and expensive to find as large, easy-to-tap reservoirs in stable countries were slowly depleted. Exxon and other giant oil corporations found it ever more difficult to replace the oil they sold every day with new resources, and they were forced to look in every more difficult and hostile regions for oil and gas.
But he said it's clear the risks of climate change to society and ecosystems could be significant, and it's prudent to develop and implement "sensible strategies that address these risks while not reducing our ability to progress other global priorities such as economic development, poverty eradication and public health."
Outside the oil industry, Tillerson has served as director of the United Negro College Fund and as chairman of the American Petroleum Institute. A former Eagle Scout, Tillerson also served as the National President of the Boy Scouts of America.
Donald J. Trump, Press Release - ICYMI: Trump's Pick for State is an Accomplished Executive Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/320008