ExxonMobil appoints Matt Crocker as head of its Product Solutions division

ExxonMobil has announced the upcoming retirement of Karen McKee and the appointment of Matt Crocker as president of the Product Solutions division, marking a key change in the group’s governance effective 1 May 2025.

Share:

ExxonMobil Corporation has confirmed the appointment of Matt Crocker as the new president of ExxonMobil Product Solutions Company, one of the group’s three core divisions, effective 1 May 2025. He will succeed Karen T. McKee, who is set to retire after 34 years with the company. The change also includes Crocker’s appointment as vice president of Exxon Mobil Corporation.

The company acknowledged the contributions of Karen McKee, who held several leadership roles within the Downstream (refining and distribution) and Chemical segments. She was appointed president of the Product Solutions division at its inception, following the group’s 2021 business reorganisation. Her departure aligns with a structured internal transition, officially endorsed by the board of directors.

A strategic career rooted in operations

Matt Crocker is currently serving as president of Global Business Solutions since 2023. He joined ExxonMobil in 1995 at the Fawley Refinery in the United Kingdom. His career progressed through multiple executive functions, notably within the Low Carbon Solutions, Upstream (exploration and production), and Product Solutions divisions. He also held operational roles at major ExxonMobil sites including Baytown and Baton Rouge in the United States, as well as Fawley in the United Kingdom.

This appointment reflects the group’s ongoing internal mobility strategy aimed at aligning leadership profiles with key segments of ExxonMobil’s strategic growth, particularly in high-value industrial product solutions.

Maintaining course within integrated operations

The Product Solutions division, which Crocker will lead, consolidates ExxonMobil’s chemical, fuels and lubricants activities. It represents a central component of the group’s integrated structure alongside the Upstream and Low Carbon Solutions branches. The division plays a pivotal role in ensuring the group’s competitiveness across global refined and petrochemical product markets.

ExxonMobil has stated that the leadership transition will not impact operational priorities or existing development plans, particularly those focused on optimising current assets and managing supply chains in an evolving global energy context.

Iberdrola strengthens its financial position with a new five-year credit facility, signed with 32 banks, to support investments in power grids and renewable energy, particularly in the United States.
Kinder Morgan, Inc. reports strong financial results for the second quarter of 2025, with net profit up 24% and a project backlog boosted by major new investments in natural gas transportation.
CenterPoint Energy remains vigilant as Invest 93L approaches, deploying emergency plans and pursuing upgrades to its electrical infrastructure across the Greater Houston area.
The Georgia Public Service Commission approves the 2025 Integrated Resource Plan, which includes major investments in generation, storage and the grid to address the strong rise in electricity demand.
Norwegian industrial group Aker ASA achieved a strong surge in its share price in the first half, expanded its diversification into real estate, and executed major transactions despite global energy market volatility.
ADNOC announces the transfer of 24.9% of its shares in OMV to its subsidiary XRG, continuing the streamlining of its international assets and preparing the creation of Borouge Group International.
The SMI China Forum brings together international and Chinese leaders for dialogue on supply chains, investment and energy innovation, marking a major step in public-private sector cooperation.
Mining group BHP sees low-emission iron production in Australia as unprofitable, just as Canberra and Beijing announce closer cooperation to decarbonise the global steel industry.
Aker Carbon Capture distributed $162mn in dividends to its shareholders, a direct consequence of significant asset disposals and a substantial restructuring of its balance sheet in the second quarter of 2025.
Equinor ASA acquired 2.1 mn of its own shares on the Oslo Stock Exchange for a total of $201 mn between July 7 and 11, continuing the second phase of its 2025 buyback programme.
Norwegian group Aker Horizons transfers all its activities to a subsidiary of Aker ASA, sells major assets and prepares its new strategy after a half-year net loss of $220mn.
South Texas Electric Cooperative is seeking proposals for the acquisition or purchase of energy for 500 MW of dispatchable capacity, aiming to strengthen long-term supply security in the ERCOT region.
A federal funding package of $16mn aims to accelerate grid modernisation, renewable energy development and carbon capture in Canada’s Maritime provinces.
RTE and Nexans announce the creation of a recycling chain dedicated to aluminium from electrical cables, targeting 600 tonnes annually and covering the entire industrial cycle from collection to production.
Three scientists from China, the United States and Russia are laureates of the 2025 Global Energy Prize, honoured for their work on high-voltage power lines, fuel-cell catalysts and pulsed energy technologies.
Rio Tinto’s new CEO inherits a significant stock market discount and will need to overcome major regulatory, operational, and financial hurdles to swiftly restore the company's appeal to international investors, according to a Wood Mackenzie analysis.
Westbridge Renewable Energy enters digital infrastructure market with Fontus, a 380 MW data centre campus in Colorado, positioned to meet strong growth in US cloud and artificial intelligence services.
Offshore drilling company Borr Drilling Limited announced the completion of an initial tranche issuance of 30 million ordinary shares out of the planned 50 million, raising $61.5mn towards the total goal of $102.5mn.
EDF announces a new internal organization with key executive appointments to enhance decision-making efficiency and expedite the revival of nuclear and hydroelectric projects central to its industrial strategy.
Rubis announces half-year results of its liquidity agreement managed by Exane BNP Paribas, totalling 241,328 shares exchanged for an aggregate amount of €6.5mn in the first half of 2025.