ExxonMobil has announced several leadership changes in some of its key business units. Company veteran Liam Mallon is set to retire and will step down as VP and president of Upstream Company in February 2025.
Succeeding him will be Dan Ammann president who joined in 2022 and has led the company’s Low Carbon Solutions business which has developed a number of projects in carbon management, hydrogen and lithium.
The new president of the Low Carbon Solutions unit will be Barry Engle who similar to Ammann is an experienced automotive industry executive and brings in experience from his work in General Motors.
“These appointments continue the company’s approach of leveraging the diverse skills and experiences of a very accomplished executive team to bring fresh perspectives and approaches to each of our exceptionally talented organizations,” said Exxon CEO Darren Woods in a statement.
Exxon Low Carbon Solutions under Dan Ammann
Ammann’s time at the helm of the low carbon unit saw several significant milestones. Building a strong position in the carbon capture, utilization and storage (CCUS) sector, the company acquired carbon pipeline developer Denbury in a $4.9 billion deal and recently signed the largest offshore carbon storage deal in the U.S. for a site spanning 271,000 acres in Texas waters, in an area east of Galveston Bay.
The company has also made strides in developing a hydrogen hub in Baytown with partners like ADNOC and Mitsubishi, who are seeing potential for the low carbon ammonia that will be produced there.
Lithium also become part of the mix with the company developing a minning site in Arkansas and signing an offtake MOU with LG Chem.
Read more: ExxonMobil Signs Largest Offshore Carbon Storage Deal In The U.S.
