Research Reports

Key takeaways

Len M. Fox, Vice President, Controller and Tax (principal accounting officer), to retire effective July 1, 2026.

Susan Buchanan elected as Vice President and Chief Accounting Officer (principal accounting officer) effective July 1, 2026.

Buchanan, age 44, previously served as President of ExxonMobil Global Business Solutions since February 2026.

Buchanan has held prior roles including VP Strategy and Business Development (Oct 2023-Feb 2026) and GM U.S. Conventional Upstream (Nov 2022-Oct 2023).

No employment contract for Buchanan, consistent with other executive officers.

Full analysis

The departure of Len M. Fox, the principal accounting officer, and appointment of Susan Buchanan represent a planned leadership transition in a critical financial oversight role. Buchanan's extensive experience within ExxonMobil, spanning upstream strategy, business development, and global business solutions, positions her to maintain continuity in accounting and control functions. Announced on April 28, 2026, the changes take effect July 1, 2026, providing a three-month transition period. Investors should note the absence of an employment contract, aligning with standard practices for the company's executives.

XOM · Exxon Mobil Corporation

Summary

Key takeaways

Full analysis