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Stuart McGill nominated to succeed retiring ExxonMobil Production Company President Terry Kooncen

Posted: 31 March 2003

IRVING, Texas — Exxon Mobil Corporation (NYSE:XOM) today announced the retirement of ExxonMobil Production Company President Dr. Terry Koonce and the nomination of Dr. Stuart McGill, currently president of ExxonMobil Gas and Power Marketing Company, to succeed Dr. Koonce.

ExxonMobil Production Company is headquartered in Houston, Texas, and is responsible for ExxonMobil's worldwide oil and gas production activities.

It is anticipated the board of directors will elect Dr. McGill to his new position, with an effective date of July 1, 2003. Dr. Koonce will retire from the company June 30, 2003, after more than 41 years of service.

ExxonMobil further anticipates that the board of directors will elect Philip Dingle as president, ExxonMobil Gas and Power Marketing Company, effective July 1, 2003, succeeding Dr. McGill. Mr. Dingle, a native of Canada, is currently president, ExxonMobil Saudi Arabia (Southern Ghawar) Limited.

A native of Australia, Dr. McGill holds a bachelor's degree and a doctorate in chemical engineering from Sydney University.

Dr. McGill joined Esso Australia Ltd. in 1969 as an engineer in their Production Department and held various engineering and management assignments in their offices in Melbourne, Longford and Long Island Point, as well as assignments with Exxon Company, U.S.A. and Exxon Production Research in Houston, Texas.

In 1980 he became managing director of Esso Production Malaysia Inc. in Kuala Lumpur, Malaysia.

In 1983 he was named director of Esso Australia Ltd. and, in 1985, was appointed chairman and managing director. In 1988, he returned to the United States as vice president of Exxon Company, International.

During this assignment, he was appointed to a special eight-month assignment as executive assistant to the chairman and chief executive officer of Exxon Corporation in New York.

In 1991 he transferred to the Benelux where he was appointed chief executive officer of Esso Holding Company Holland Inc. and of Esso B.V.

He returned to the United States in July 1994 as executive vice president of Exxon Company, International with responsibility for Exxon's oil and gas activities outside the United States and Canada.

In January 1998 he was named president of Exxon Company, International. Subsequent to the ExxonMobil merger, he was appointed to his current position in December 1999.

A native of Corpus Christi, Texas, Dr. Koonce joined the Exxon organization in 1963 upon completion of his Ph.D. degree in chemical engineering at Rice University in Houston, where he also had received the bachelor's degree in 1960. Dr. Koonce spent several years with Exxon Production Research Company and held a variety of management assignments both there and in the Production Department of Exxon Company, U.S.A.

In April 1985 Dr. Koonce was named president and chief executive officer of Esso Resources Canada Limited.

He was appointed a director of Imperial Oil Limited in July 1986. In February 1988 Dr. Koonce was named senior vice president and a member of the Management Committee of Exxon Company, U.S.A.

He was named president and chief executive officer of Exxon Research and Engineering Company in January 1990. He was appointed president and chief executive officer of Exxon Ventures (CIS) Inc., headquartered in Moscow, Russia, and Houston, Texas, in October 1993.

Dr. Koonce assumed his current position in December 1999
with the merger of Exxon and Mobil. A native of Alberta, Canada, Mr. Dingle received his bachelor of science degree in civil engineering from the University of Calgary in 1970.

Upon graduation, he joined Imperial Oil Limited, an ExxonMobil affiliate, where he held various engineering and management assignments in Drilling and Production. He was appointed engineering manager of Esso Production Malaysia Inc. (EPMI) in 1981.

In 1984 he became the offshore division manager overseeing EPMI's oil and gas producing operations.

In 1987 Mr. Dingle returned to Imperial Oil Limited as vice president - Corporate Planning and later became vice president - Exploration and Production. In January 1993 he was named managing director, Esso Exploration and Production U.K.

In 1995 he became chairman and CEO of Esso companies in Malaysia. Mr. Dingle was appointed to his current position on June 3, 2001, following the Saudi Arabian Government's announcement of ExxonMobil as the leader and operator for Core Venture 1 in the Saudi Arabian Gas Initiative.

Exxon Mobil Corporation is the world's largest publicly traded oil company, with operations in nearly 200 countries and territories. (BUSINESS WIRE)

Posted by Richard Price, Editor Pipeline Magazine

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