Irving, Texas-based Exxon Mobil Corp. (NYSE: XOM) will have a new CFO in August, and she will be the first woman to join the energy company's executive team.
Andrew Swiger, Exxon's senior vice president and principal financial officer, said he will retire on Sept. 1. Replacing him will be Kathryn Mikells, who will officially take over as CFO and senior vice president on Aug. 9. She is not only the first woman to join the executive ranks at the company, but she is also the first external hire for the management committee, Reuters reported.
“I’d like to thank Andy, both personally and on behalf of the board of directors, for his many years of dedicated service, and wish him all the best in his retirement,” said Darren Woods, chairman and chief executive officer. “We welcome Kathy to ExxonMobil and look forward to the perspective and experience she brings as we work together to deliver on our strategies and increase shareholder value.”
Swiger has been in the industry for more than 43 years and started his career at Exxon as an operations engineer in 1978. Since then, Swiger rose through the ranks and worked at various sites around the world.
Mikells joins ExxonMobil from Diageo plc, where she held the position of chief financial officer since 2015 and was a member of the board of directors. In this role, she was accountable for strategy, investor relations, supply chain, procurement and finance. Previously she was chief financial officer at Xerox, ADT, Nalco and United Airlines. During her time at United Airlines, she was also vice president of investor relations and treasurer. Mikells holds an MBA from the University of Chicago.