XOM 8-K: Smart Summary
74% reductionExxonMobil Corporation disclosed the planned retirement of its principal accounting officer and the election of a successor, both effective July 1, 2026.
Item 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Appointments
- Vice President and Chief Accounting Officer (Principal Accounting Officer) Susan Buchanan — elected effective July 1, 2026; will also serve as Controller of the Corporation; age 44; has served as President of ExxonMobil Global Business Solutions since February 2026; previously served as Vice President, Strategy and Business Development for ExxonMobil Upstream (October 2023–February 2026), General Manager of the U.S. Conventional Upstream Business (November 2022–October 2023), and Manager, Upstream Strategy beginning April 2021; also held various positions within the Corporation's Treasurers and Controllers functions
Executive Compensation
- Susan Buchanan — does not have an employment contract, consistent with other executive officers of the Corporation; no specific compensation terms disclosed
Departures
- Vice President, Controller and Tax (Principal Accounting Officer) Len M. Fox — announced intention to retire, effective July 1, 2026
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