In the wake of a recent scandal involving former senior vice president David Scott, Exxon Mobil Corp (NYSE:XOM). has announced the appointment of Bart Cahir to lead its shale division. This change in leadership comes on the heels of Scott's arrest on sexual assault charges in Texas.
Cahir assumes his new role as senior vice president starting November 1, bringing a wealth of experience to the position. Prior to this appointment, he led the shale division from 2020 to 2022 and served as president for Exxon's Global Business Solutions, where he managed financial services and procurement.
The leadership transition occurs at a pivotal time for Exxon Mobil, following its recent acquisition of Pioneer Natural Resources (NYSE:PXD) Co. in a $60 billion stock deal. This strategic move has positioned Exxon as the largest producer in the Permian Basin, recognized as the world's most significant shale area.
Cahir's return to the helm of the shale division signals Exxon's commitment to maintaining steady operations amidst internal changes and external market dynamics. His previous experience leading the division and his tenure as president for Exxon's Global Business Solutions will be instrumental in guiding the company through this period of transition and growth.
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