ExxonMobil appoints Dan Ammann, former General Motors president and CEO of Cruise autonomous vehicle company, president of ExxonMobil Low Carbon Solutions, effective May 1. Ammann replaces Joe Blommaert, who is retiring after 35 years of service.
Ammann was named CEO of Cruise, which is majority-owned by GM, in 2018, and was appointed president of GM in 2014. He was previously GM’s chief financial officer and joined GM as treasurer in 2010. He helped lead GM's initial public offering following the company’s 2009 restructuring.
Ammann began his career as an investment banker, starting at Credit Suisse First Boston in 1994 and moving to Morgan Stanley in 1999, where he was named a managing director in 2005. Ammann received a bachelor’s degree in management studies from the University of Waikato in New Zealand.
ExxonMobil created the Low Carbon Solutions business to commercialize the company’s low-emission portfolio with the objective to create long-term shareholder value and support global emission-reduction efforts, according to the company. Low Carbon Solutions reportedly is focused on commercializing low-emission business opportunities in carbon capture and storage, hydrogen and low-emission fuels.
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