Mr. Woods is currently vice chairman of the National Petroleum Council, and he serves on the board of directors of the American Petroleum Institute and the board of trustees of the Center for Strategic and International Studies. Sam Patchett: Let's just take a step back, and to me, if you say the word Exxon, you think fossil fuels you think dirty polluting oil firm that's pumping the gas guzzling cars of Texan truckers. Copyright 2003-2023 Exxon Mobil Corporation. [2][5] While his predecessor was involved in deal making and exploration, Woods is a veteran of the refining side of the oil business. In 2018, Woods' total compensation of salary plus stock and other compensation was $18.8 million. "The executive wing of Exxon Mobil's headquarters outside Dallas is nicknamed the God Pod because orders given by executives there can sometimes be as sharp as thunderbolts," longtime New York Times energy reporter Clifford Krausswrote in 2017. Bureaucratic Leadership. And in fact, more than anything else, if they're not part of the solution, do they have a future in 10, 20, 30 years? Name. Chances are, youve heard of motor oil. In 2005, Darren Woods was appointed vice president of Exxon Mobil Chemical Company in Houston, Texas, where he managed global specialty-chemical businesses. Interviews with leading private client advisers, Podcasts with award-winning reputation practitioners, Insights from media, legal and wealth management experts, Join over 300,000 Finance professionals who already subscribe to the FT. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. risks and opportunities. The authoritarian leader offers clear expectations about what will be done . Very often the attracting talent is actually really overlooked, and it's not just about attracting the best talent, it's about attracting the best young talent. With over 100 major cyberattacks reported in the United States since the start of the year, including well-publicized ransomware attacks on an American oil pipeline and an international beef supplier, the public is coming to understand how much cybersecurity can affect their everyday lives. Energy Factor People have lost trust in that relationship, and now is a good time for someone like Woods to step in and own the conversation. To find out more about Transmission Private and our work supporting entrepreneurs, CEOs, and investors with their personal profiles, go to www.transmission-private.com. But it feels like the Fed is starting to cave a little bit. [3][4], Woods joined Exxon in 1992. Is a strong positive influence on people's lives. March 27, 2019, The Smithsonian showcases the historic 'Green Book', Who we are It is named thus because it has significant deposits of rocks from the Permian period, which are a rich source of a number of useful resources. [9], On October 5, 2020, Bloomberg News reported that Exxon was set to increase its annual carbon emissions by about 17%, or about as much as the annual output of Greece. In this episode of Acts of Leadership, Jordan Greenaway and Sam Patchett discuss the companys plans for the future, as Darren seeks to lead the way and show the world that ExxonMobil are ready for the energy transition. We are delivering excellent progress and performance in each of our businesses, and we are stronger today than ever. The seven primary leadership styles are: Autocratic. He progressed through a number of domestic and international assignments for Exxon Company International, ExxonMobil Chemical Company and ExxonMobil Refining and Supply Company. It is the way in which the leader influences the followers (Luthans, 1977). You can still enjoy your subscription until the end of your current billing period. The autocratic leadership style is primarily the traditional boss-worker structure, where management makes a majority of decisions and workers do what is asked of them. Woods is an excellent case of the second, seeing as how he spent 24 years working at Exxon Mobil before he was promoted to the position of CEO. So we've gotta reinvent ourself, and actually, rather than seeing our identity through the lens of an oil and gas company, let's reinvent ourself as an energy company more generally. 2. This requires the flexibility to switch among different types of leadership styles - which doesn't always come instinctively or . The great man theory of leadership states that excellent leaders are born, not developed. With longstanding investments in technology coupled with the ingenuity of our people, we are well positioned to continue to responsibly meet the demands of a more prosperous world. . praised Woods' visionary leadership but said that the company could be more aggressive in promoting itself and raising money . We are making tremendous progress. Fully leveraging our corporate competitive advantages; Leading industry in hard-to-decarbonize emissions reductions. Darren W. Woods (born 1964/65) is an American businessman who is the chief executive officer (CEO) and chairman of ExxonMobil since January 1, 2017. In this extended cut of David Faber's interview with Exxon Mobil CEO Darren Woods, the oil and gas industry leader responds to criticism, explains his dedication to biofuels and direct air capture . Before that he was the vice president responsible for Asia projects in ExxonMobil Development Company. At the top is CEO Darren Woods, who's led the company since 2017, along with three other members of Exxon's management committee: Neil Chapman, Andrew Swiger, and Jack Williams. Mr. Williams, a native of Mansfield, Ohio, is a member of the Society of Petroleum Engineers and a member of the Board of Visitors for the Vanderbilt School of Engineering. So maybe, actually, if there hadn't been this kind of a activist investor clamour, maybe they wouldn't have done this. I think the situation in Ukraine and the cost of living situation we have at the moment, that's really proven that we are still very reliant on oil and gas, and that's unfortunately, not gonna change anytime soon. university But now that's simply not good enough, and if we are to look forward and look in to what the next 10 or 20 years looks like we've heard the rhetoric, we've heard the commitments, we've heard the promises now it's all about action. Vice Chairman. I think the real question is whether it's rhetoric or whether it's actually meaningful, and whether he can back up a sentiment with doing their part of the deal. View Darren A Woods' profile on LinkedIn, the world's largest professional community. Reliably supply the world with products essential for modern living; Grow earnings and cash flow faster than our competition; and, Lead industry in helping fulfill society's ambition for a. However he does like to take on other topics involving some of his personal interests like automobiles, future technologies, and anything else that could change the world. Darren Woods was elected Chairman and CEO of the world's largest publicly traded international oil and gas company in January 2017. We operate facilities or market products all over the world and explore for oil and natural gas on six continents. Energy Factor One commonality: their words and actions impact large number of people, businesses-- even entire economies. I'm proud of the work that all of you have done to overcome the challenges of the past few years. There's a more sceptical read. Autocratic. Chairman and CEO Darren Woods discussed the current state of the industry, how the company managed through a difficult period, the leadership role the company intends to play in the energy transition, and his optimism for the future. We're also better positioned to apply our corporate competitive advantages and the outstanding talents of our people. From 2005-2007, he served as an upstream advisor for Exxon Mobil Corporation. While the past two years were tough, they laid the groundwork for today's market and helped accelerate improvements in our businesses. In 2008, he was named ExxonMobil Refining and Supply Companys director of refining for Europe, Africa and the Middle East, and was based in Brussels. Complacency breeds to corporate death. Born in Wichita, KS. Today, we're seeing the benefits of investments we made at the bottom of the commodity cycle, when many of our competitors pulled back. Crafting premium clubs at an attractive price point allowed Haywood Golf to establish a niche in the industry but the direct-to-consumer player credits prioritizing customer service and relationship building for fueling their growth. 2023 Forbes Media LLC. I think Woods actually brings up a very, very interesting point when he says: an abrupt transition will be costlier in the long run, both financially and economically. Laissez-faire. Associate Director . Whether the US should be in the Paris Climate Agreement is a far more contentious issue than it should be for most people. Stay up to date with the latest from ExxonMobil. ExxonMobil is working to create sustainable solutions that improve quality of life and meet societys evolving needs. The rebound is stressing supplies of oil, gas and chemical products around the world. Woods was born in the city of Wichita, which can claim the honor of being the most populous city that can be found in the state of Kansas. Personal and business travel is resuming. Exxon has struggled to increase output and profits in recent years, but revenues are ticking up in 2018 along with the price of crude oil. So that's why I think his comments in this particular interview are really, really interesting Sam. Coaching Style Leadership. In 2005, Mr. Woods was appointed vice president of ExxonMobil Chemical Company in Houston, Texas, where he managed global specialty-chemical businesses. Jordan Greenaway: Thanks Sam. [2], Woods was born in Wichita, Kansas. From 2010 to 2013, Mr. Williams was president of XTO Energy Inc., which ExxonMobil acquired in 2010. They were on a fairly successful, activist campaign, and I think they were trying to install four people on the board and I think they successfully got three extra people on the board. He is a native of Stoke-on-Trent, England. We'll report our third-quarter results next week, and, as indicated in our Sept. 30 8-K filing, we expect the market improvement to impact those results. Exxon Mobil Corporation. This is precisely the opposite of democratic leadership. Woods had famously 'doubled down' on the company's oil exploration and processing business anticipating a growing demand for fossil fuel based energy that would drive the company's . . Behind those decisions is what some employees have referred to as the"God Pod" Exxon's executive wing at the company's headquarters. It was a unique and valuable experience early in his career that gave him a better understanding of the breadth of the business and the philosophies practiced in running it. Stay up to date with the latest from ExxonMobil. S&P Global. Darren Woods is a graduate of Texas A&M University, where he earned a Bachelor of Science degree in electrical engineering. Chairman and CEO, Chevron. Darren Woods's email address d*****@merck.com +61 401 159.. | Show email & phone number >>> Rocketreach finds email, phone & social media for 450M+ professionals. When the announcement came Dec. 13 it was a surprise both to Exxon, and to the guy set to replace Tillerson, Darren Woods. Woods replaced Rex Tillerson now U.S. Secretary of State under President Donald Trump earlier this year at the helm of the fossil fuel giant, which frequently has faced criticism from green groups and is the subject of legal action in the United States over allegations it hid its knowledge of man-made climate change as far back as 40 . Mr. Woods owns over 217 units of Exxon Mobil stock worth over $84,595 and over the last 10 years he sold XOM stock worth over $450,000. Who we are under three differential leadership styles: authoritarian, democratic and laissez -faire. The city started up because of its convenient location on a cattle trail, but in more modern times, it has become famous for being a center of the aircraft industry. With over 10 years experience he's covered businesses, CEOs, and investments. Leadership Dialogue. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. "[11], In 2021, Woods denied that Exxon had covered up its own research about Big Oil's contribution to the climate crisis. Today I'm joined by Sam Patchett again our Head of PR at TP. Spends time teaching, empowering, and caring for team members. [8] In May 2017, Woods wrote a personal letter to President Trump to urge that the U.S. remain a party to the agreement. Everyone knows that strong leadership is central to business success. Texas A&M University (BS) Northwestern University (MBA) Occupation (s) Chairman and CEO, Exxon Mobil. Practices altruism. - Age. President and CEO, Occidental. After all, before he was promoted to the position of CEO, he was running a division of Exxon Mobil. It added debt, but also . Strategic Leadership. And we know that the younger generation have much more awareness about climate action, about the effect that fossil fuels and energy has on the planet. View Darren's Email & Phone (It's Free) 5 free lookups per month. Location. You may change or cancel your subscription or trial at any time online. Stay up to date with what you want to know. In 2017, Woods spoke about his plans for the future. In 2008, he was . [12], Last edited on 16 February 2023, at 03:14, "Darren W. Woods: Executive Profile & Biography - Bloomberg", "Exxon Mobil Taps Darren Woods to Replace Rex Tillerson", "ExxonMobil (XOM) Names Darren Woods Chairman, CEO", "Exxon Mobil Taps Darren Woods to Replace Rex Tillerson as CEO", "Exxon CEO Darren Woods steps out of Tillerson's shadow - CBS News", "Exxon Exclusive: New CEO Opens Up On Russia, Climate Change, And The Permian Boom", "Darren Woods, Exxon's New Chief, Begins to Make His Mark", "Exxon chief urges Trump to back climate agreement", "Exxon's Plan for Surging Carbon Emissions Revealed in Leaked Documents", "The dirty dozen: meet America's top climate villains", "Exxon CEO accused of lying about climate science to congressional panel", https://en.wikipedia.org/w/index.php?title=Darren_Woods&oldid=1139634657, This page was last edited on 16 February 2023, at 03:14. The guide, conceived by Harlem (New York City) mailman Victor Hugo Green, was used by more than 20,000 travelers. Session Speakers. The fan favourite from Liverpool, 30, was beaten by Dricus du Plessis in his last outing in . ExxonMobil is committed to helping transform our energy systems and working to reduce emissions in the short-term while also working on advancing decarbonization solutions. Darren Woods, the chairman and chief executive of the biggest oil producer in the U.S., ExxonMobil, defends his company's commitment to reducing carbon emissions and addresses the pressure to take more drastic steps to confront climate change head on. Nine things you might not know about lubricants. The digital watchtower - the importance of cybersecurity in the energy industry. $20.7 billion Amount by which exxon mobil's debt load increased in 2020, to a total of $67.6 billion Aug 12, 2020 12 Comments. Top editors give you the stories you want delivered right to your inbox each weekday. As a servant leader, you will mix selflessness with a focus on the higher needs of others as staff work toward achieving your vision. But his leadership style has failed to inspire some employees and rubbed others the wrong way. To be honest, it's astounding that it's taken the industry this long to really catch up and really ramp up their commitment to addressing the problem. "I know whatever Darren decides to do, it will be in leadership . His . 3. He can even go a step further and say, this is how we can work with government and have a meaningful impact on the transition. ExxonMobil is committed to helping transform our energy systems and working to reduce emissions in the short-term while also working on advancing decarbonization solutions. Again, I think that's really overlooked by a lot of these big companies these days, so a really interesting point you bring up. personalising content and ads, providing social media features and to If I searched Darren's name in a year's time, what would he be saying? Energy Factor These companies account for more than 70% of the emissions in that region, so it's a very important grouping of interested parties that could make a significant difference in that region. 6:00 AM on Apr 10, 2020 CDT Updated at 2:23 PM on Apr 10, 2020 CDT. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. Our strategy to focus on performance products and lead in each product category continues to pay off. With longstanding investments in technology coupled with the ingenuity of our people, we are well positioned to continue to responsibly meet the demands of a more prosperous world. He also spoke briefly about the company's operations in Russia, expressing an optimistic outlook regarding Exxon's Sakhalin project on Russia's eastern coast. 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