ExxonMobil merging refining & marketing divisions
04 December 2017
The ExxonMobil Corporation has announced its plans to combine its refining and marketing operations into a single company, which will be named ExxonMobil Fuels & Lubricants Company. This merger will take place during the first quarter of 2018.
By combining activities of the two divisions – ExxonMobil Refining and Supply Company and ExxonMobil Fuels, Lubricants & Specialties Marketing Company – the company will achieve further integration to improve decision making and enhance performance in the market. The improvements will help the company to better respond to the needs of its customers and compete more effectively. ExxonMobil Fuels & Lubricants Company, along with ExxonMobil affiliates, will manage crude purchasing and logistics, refining, supply, trading, midstream, marketing and sales of refined products.
Bryan Milton, who is the current President of ExxonMobil Fuels, Lubricants & Specialities Marketing Company, has been appointed President of the combined division by ExxonMobil’s board of directors. His role will become effective January 1, 2018. Milton, 53, joined Exxon Chemical in 1986 at Fawley in the U.K., where he worked in various plant and developmental engineering roles, including assignments as operations manager and as plant manager. He also spent time in upstream natural gas commercial sales. He previously held various leadership positions within ExxonMobil Chemical Company in Houston. Before his current role, Milton was president of ExxonMobil Global Services Company. Milton was appointed to his current position in 2016.
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