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Article: The man who will lead Exxon Mobil
- Article from:
- Chief Executive
- Article date:
- October 1, 2002
- Author:
CopyrightCopyright Chief Executive Magazine, Incorporated Oct 2002. Provided by ProQuest LLC. (Hide copyright information)
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Can one of America's most controversial CEOs be cloned? Some shareholders hope so; activists pray not.
Lt's been more than a year since the board of Exxon Mobil asked its chief executive, Lee Raymond, now 64, to extend his contract. Saying that executives in training were not yet ready, the 13-member board ased Raymond, among corporate America's longest-- surving CEOs, to stay on past the company's mandatory retirement age of 65. Raymond, who has been part of the Exxon organization since 1963 and chairman since 1993, had planned to retire in 2003, but agreed to stay on until a replacement was ready. The company attributed the postponement to the megamerger of Exxon and Mobil in November ...