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ExxonMobil Announces Management Changes as Woodbury Retires

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ExxonMobil Corporation’s (XOM - Free Report) vice president of investor relations and secretary, Jeff Woodbury, has retired after 35 years of service. Jeff Woodbury’s position will be filled by Neil Hansen, downstream controller, as elected by the board of directors.

Neil Hansen will take up the position as vice president of investor relations and secretary, effective July 1.

Woodbury, who has been with Exxon Company USA since 1983, has held various managerial positions comprising engineering, production, operations and development.

Subsequent to working in the United States and Australia, Woodbury became production manager for the Eastern U.S. and Gulf of Mexico in 1998. In 2001, he was promoted to the position of president of ExxonMobil Canada. In 2003, he shifted to Moscow and was president for ExxonMobil Russia. Woodbury was elected as vice president for engineering in ExxonMobil Production Company in 2005. In 2007, he was elected as vice president for LNG Infrastructure in ExxonMobil Development Company.

In 2009, Woodbury was named executive vice president of ExxonMobil Development Company. He was chosen as corporate vice president of Safety, Security, Health and Environment in 2011. He has been in his current role since 2014.

Woodbury completed bachelors and masters of science in petroleum engineering from the University of Southern California. Additionally, he is on the board of councilors of the University of Southern California Viterbi School of Engineering and is a member of the Society of Petroleum Engineers.

In 2000, Hansen joined ExxonMobil as a financial specialist in the upstream controllers organization supporting ExxonMobil Exploration Company in Houston. He held financial and accounting positions before becoming the manager of financial reporting at the Sakhalin-1 project in Russia.

In 2008, Hansen became audit division manager. He was then appointed as senior financial advisor in Irving in 2009 and was appointed as investor relations advisor in 2010.

In 2012, Hansen became manager of planning and financial markets in the treasurers department and was elected as affiliate finance manager in 2013. In 2014, he moved to Thailand where he took on the positions of lead country manager and manager of business services. He has been in his current position since 2017.

Hansen got his bachelor’s degree in marketing from Oklahoma State University and earned a master of business administration from the Thunderbird School of Global Management along with a master of science in accounting from the University of St. Thomas.

Price Performance

In the past three months, ExxonMobil’s shares have gained 7.3% compared with the industry’s 10.6% rise.

Zacks Rank & Key Picks

ExxonMobil currently carries a Zacks Rank #3 (Hold).

A few better-ranked players in the same sector are Anadarko Petroleum Corp (APC - Free Report) ,China Petroleum and Chemical Corporation (SNP - Free Report) and CVR Refining, LP . These stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Anadarko Petroleum is one of the world's largest independent oil and gas exploration and production companies. It pulled off an average positive earnings surprise of 89.24% in the last four quarters.

Sinopec is one of the largest petroleum and petrochemical companies in Asia. The company delivered an average positive earnings surprise of 492.8% in the last four quarters.

Sugar Land, TX-based CVR Refining is an independent downstream energy partnership with refining and associated logistics properties in the Midcontinent United States. The company delivered an average positive earnings surprise of 7.05% in the last four quarters.

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