Dan Ammann, the previous General Motors president who abruptly left his post as CEO of Cruise in December, has been named president of ExxonMobil Low Carbon Options.
Ammann will substitute Joe Blommaert, who’s retiring after 35 years with the corporate. Ammann’s appointment is efficient Might 1, in line with an organization statement.
Ammann, 49, had been CEO of self-driving car firm Cruise since 2019. GM now owns 80 p.c of Cruise.
Ammann was president of GM from 2014 to 2018 and the automaker’s CFO from 2011 to 2014 after greater than a decade as a Wall Avenue banker.
He stated in a LinkedIn post Tuesday that he’ll lead the constructing of recent enterprise at ExxonMobil targeted on the decarbonization of the commercial economic system.
“We’ll be considerably shifting the needle towards web zero in essentially the most hard-to-decarbonize industries, in an economically viable approach, and with urgency,” he wrote. “To do that we’ll draw on the deep sources and know-how that exist within ExxonMobil immediately, along with the very best exterior concepts and an preliminary $15 billion capital dedication that the corporate has made to construct this enterprise and cut back emissions.”
Ammann outlined bold development plans for Cruise at GM’s investor day final fall. The corporate is within the midst of launching a self-driving robotaxi service in San Francisco and goals to develop to different cities. Cruise intends to launch a fleet of a minimum of 1 million self-driving automobiles by 2030.
“Having spent the previous couple of years main the unbelievable crew at Cruise as we took self-driving automobiles from the realm of science fiction to an early business product that can basically change transportation, the bar was at all times going to be excessive when it comes to what subsequent mission might have a equally large potential influence,” Ammann stated.
“That stated, with this chance I feel I’ve discovered it!”