Exxon Mobil Corporation Announces Retirement of Peter Townsend and Election of Patrick Mulva as Vice President of Investor Relations

Business Wire, Dec 3, 2001

Business Editors

IRVING, Texas--(BUSINESS WIRE)--Dec. 3, 2001

Exxon Mobil Corporation (NYSE:XOM) today announced the Board of Directors has elected Mr. P. T. (Patrick) Mulva as vice president, Investor Relations and secretary, Exxon Mobil Corporation, effective February 1, 2002, succeeding Mr. T. P. (Peter) Townsend, who will retire on January 31, 2002, after more than 39 years of service. Mr. Mulva is currently controller and senior vice president, Finance and Administration, Imperial Oil Limited.

Mr. Mulva was born in Green Bay, Wisconsin. He holds a bachelor's degree in business administration from the University of Notre Dame, and an M.B.A. from the University of Texas. He served three years in the U.S. Air Force prior to joining Exxon Mobil Corporation in 1976.

He began his career with ExxonMobil as a financial analyst at the Baton Rouge, Louisiana, refinery. He held a variety of financial positions in the United States in both upstream (exploration and production) and downstream (refining and marketing) operations, before being appointed executive assistant to the president of the United States affiliate in 1987. After managing short-range planning for the U.S. downstream business, he was appointed assistant controller for ExxonMobil's international affiliate. In 1991, he was named finance director of the ExxonMobil companies in Malaysia. He returned to the United States affiliate in 1993 as upstream controller, and later as the company's assistant controller, before being appointed controller of Imperial Oil Limited in 1996. In 1998, Mr. Mulva was appointed senior vice president, Finance and Administration, and in January 2000 he also assumed the position of controller.

Mr. Townsend, who joined the corporation in 1962 as a financial analyst, has held a variety of assignments with ExxonMobil and its operating companies in the United States, Europe and Asia-Pacific. Mr. Townsend became vice president of Investor Relations in 1990. He became secretary of the corporation in 1995. From 1980 to 1990, Mr. Townsend served as deputy manager of Public Affairs for Exxon Corporation in New York, as corporate affairs manager for Exxon Company, International in Florham Park, New Jersey, and was executive director of Esso UK plc, which managed Exxon's North Sea exploration, production, natural gas, marketing and refining interests in the United Kingdom. In 1973, he moved to London upon his election as treasurer of Esso Europe Inc., the regional organization which then coordinated the corporation's oil and gas interests in Europe and Africa.

From 1969 to 1973, Mr. Townsend was with ExxonMobil's Treasurer's Department in New York, initially as international finance manager, and later as corporate finance manager responsible for fund raising both in the U.S. and international markets. From 1965 to 1969 he was with Esso India holding positions as financial representative in New Delhi and later as treasurer and finance and planning manager in Bombay. He also served as assistant treasurer and assistant finance and planning manager of Esso Eastern Inc., which was then responsible for the corporation's interest in the Asia-Pacific area.

Mr. Townsend holds a B.S. degree from Yale University and an M.B.A. degree from the Graduate School of Business of the University of Chicago.