ExxonMobil announced today that Dan Ammann, former General Motors president and CEO of Cruise, has been named president of ExxonMobil Low Carbon Solutions, effective May 1. Ammann takes over for Joe Blommaert, who has chosen to retire after 35 years of service.

"We welcome Dan to ExxonMobil and will use his knowledge and experience to continue to build our Low Carbon Solutions business,"

ExxonMobil CEO and Chairman Darren Woods said.

"I want to thank Joe for his contributions to the company's success as well as the significant progress we've made in developing our lower-emissions business." I wish Joe the best in his retirement."

Ammann was appointed president of GM in 2014 and was named CEO of Cruise, which is majority-owned by GM. He previously served as GM's chief financial officer before joining the company as treasurer in 2010. Following the company's restructuring in 2009, he assisted in leading GM's initial public offering.

Ammann began his career in investment banking, first at Credit Suisse First Boston in 1994 and then at Morgan Stanley in 1999, where he was promoted to managing director in 2005. Ammann earned a bachelor's degree in management studies from New Zealand's University of Waikato.

Blommaert joined ExxonMobil Chemical in 1988 as a process engineer at the Rozenburg chemical plant in the Netherlands. He has been president of Low Carbon Solutions since its inception in 2021. Blommaert was appointed regional director for Europe and Asia Pacific chemical operations in 2014, following assignments in the Netherlands, Belgium, and the United States, and was promoted to senior vice president of global operations for the Chemical business in 2019.

Blommaert holds a master's degree in chemical engineering from the Netherlands' Delft University of Technology.

ExxonMobil established the Low Carbon Solutions business to commercialise the company's extensive low-emission portfolio in order to create long-term shareholder value while also supporting global emission-reduction efforts.

Low Carbon Solutions' mission is to commercialise low-emission business opportunities in carbon capture and storage, hydrogen, and low-emission fuels by leveraging ExxonMobil's skills, knowledge, and scale.

Source: ExxonMobil news