Imperial Oil IMO-T said on Thursday that CEO Brad Corson will retire, with John Whelan, currently Exxon Mobil Corporation’s upstream senior vice president, taking his place on May 8.
Imperial Oil is majority-owned by Exxon XOM-N.
Corson was appointed CEO of Imperial Oil in 2020 but started his career with Exxon in 1983 in Louisiana and rose to become president of Exxon’s global upstream acquisition and divestment programs.
Whelan also began his career with Exxon in 1988 in Alberta, Canada, and for a while was Imperial’s senior vice president of upstream operations.
Editor’s note: A previous version of this article included incorrect job titles. This version has been corrected.