ExxonMobil CEO Tillerson emerging as frontrunner for secretary of state

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    @lyco
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    Rex Tillerson of ExxonMobil Expected to Be Named Trump’s Secretary of State: Sources - NBC News
    ▻http://www.nbcnews.com/politics/2016-election/rex-tillerson-exxon-mobil-expected-be-named-trump-s-secretary-n694371

    Donald Trump is expected to nominate ExxonMobil CEO Rex Tillerson as his secretary of state, two sources close to the transition process told NBC News on Saturday.

    The 64-year-old veteran oil executive has no government or diplomatic experience, although he has ties to Russian President Vladimir Putin. The pick would put to rest weeks-long speculation of who would earn the post as the U.S.’s top diplomat, and would place Tillerson fourth in line to the presidency.

    He will also be paired with former U.N. Ambassador John Bolton as his deputy secretary of state, one of the sources added, with Bolton handling day-to-day management of the department.

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    • @lyco
      Lyco

      One of ExxonMobil’s and Russia’s biggest deals fell victim to the sanctions imposed by the Obama administration in reaction to Russia invading Crimea in 2014. That deal to drill in the offshore Arctic Kara Sea oil field would have reportedly been worth $500 billion.

      [...] Tillerson’s role and financial stake in ExxonMobil — the fifth-largest publicly traded company in the world with a $369 billion market cap — could open up cases of conflict of interest. His ExxonMobil shares are reportedly worth about $151 million.

      Tillerson was brought into Trump Tower for an interview with Trump at the recommendation of former Secretary of State Condoleezza Rice and Defense Secretary Robert Gates, who count Exxon among their private consulting clients, according to two sources familiar with the conversations. His name was first publicly floated for the job in early December and he met privately with Trump on Tuesday. Rice sat down with the President-elect in late November, and Gates followed her three days later.

      ▻http://www.politico.com/blogs/donald-trump-administration/2016/12/rex-tillerson-exxonmobil-secretary-state-232455

      Lyco
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