Dan Ammann, the former General Motors president who unexpectedly resigned from his position as CEO of Cruise in December, has been hired president of ExxonMobil Low Carbon Solutions. Ammann previously served as president of General Motors.
Joe Blommaert, who has worked for the firm for 35 years, will be replaced by Ammann in the position. According to a business statement, Ammann’s appointment will become effective on May 1.
As of 2019, Ammann, 49, was serving as the CEO of the self-driving vehicle business Cruise. Cruise is presently owned by General Motors to the tune of 80 percent.
After more than a decade as a Wall Street banker, Ammann served as president of General Motors from 2014 to 2018 and as the automaker’s chief financial officer from 2011 to 2014.
In a LinkedIn post published on Tuesday, he stated that he will be responsible for the development of new business at ExxonMobil that would be focused on the decarbonization of the industrial economy.
According to him, “we will be considerably moving the needle toward net zero in the most difficult-to-decarbonize businesses, in an economically feasible fashion, and with haste.” “To do this, we will call on the extensive resources and expertise that exist within ExxonMobil today, as well as the greatest external ideas and the initial $15 billion cash commitment that the corporation has made to grow this business and cut emissions.”
At General Motors’ investor day last October, Ammann revealed the company’s ambitious development objectives. With the introduction of its self-driving robotaxi service in San Francisco now underway, the business hopes to expand to additional cities in the near future. Cruising aims to build a fleet of at least 1 million self-driving vehicles by 2030, with a goal of reaching 2 million by 2050.
In his statement, Ammann said, “Having spent the last few years leading the incredible team at Cruise as we transitioned self-driving cars from the realm of science fiction to an early commercial product that will fundamentally change transportation, the bar was always going to be set high in terms of what next mission could have a similarly massive potential impact.”
“Having said that, I believe I’ve stumbled onto an excellent chance!”