Why is ExxonMobil CFO Kathryn Mikells retiring?

Kathryn Mikells is retiring from her role as ExxonMobil CFO to focus on her recovery from health issues.

Who will be the new CFO of ExxonMobil?

Neil Hansen, a company veteran with 25 years of experience, will succeed Kathryn Mikells as ExxonMobil's CFO.

When is Kathryn Mikells' retirement effective?

Kathryn Mikells' retirement as ExxonMobil's CFO is effective February 1st.

Home / Business and Economy / ExxonMobil CFO Steps Down for Health Reasons

ExxonMobil CFO Steps Down for Health Reasons

12 Dec

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Summary

ExxonMobil CFO Kathryn Mikells is retiring due to health issues.
Neil Hansen, a 25-year company veteran, will succeed Mikells.
Mikells' retirement is effective February 1st, citing recovery needs.

ExxonMobil CFO Steps Down for Health Reasons

ExxonMobil CFO Kathryn Mikells is set to retire from her position on February 1st, citing health reasons. The company disclosed in a securities filing that Mikells has been undergoing procedures and surgeries for a significant health issue that requires her full attention for recovery.

During her nearly five-year tenure, Mikells has been credited with strengthening the finance organization and developing talent pipelines. She will work closely with her successor, Neil Hansen, who has been with ExxonMobil for 25 years, to ensure a seamless handover. Her final earnings call is anticipated to be the company's fourth-quarter report early next year.

Hansen, currently president of ExxonMobil's global business solutions, brings extensive experience to the CFO role. His appointment signifies a continuation of leadership from within the company, as he steps into the finance chief position on February 1st.