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Exxon Hires Its First Female CFO

As Exxon faces myriad challenges around cash flow, reputational risk, and investor relations, Kathryn Mikells will join the ranks of senior vice presidents who share day-to-day management duties with the CEO.

By Joe Carroll | July 20, 2021 at 12:03 PM

Exxon Mobil Corp. recruited a company outsider for the first time to join the CEO’s inner circle of managers, a move that comes just weeks after the oil giant suffered a stunning setback at the hands of a tiny activist investor.

Kathryn Mikells will join Exxon on August 9 as CFO from Diageo Plc, where she held the same role and was also a director, according to a statement Monday. Mikells, 55, will be the first woman among the ranks of senior vice presidents who share day-to-day management duties with CEO Darren Woods, and the first executive to hold such a high position without a background in oil, natural gas, or chemicals.

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