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IRVING, Texas -- Exxon Mobil Corp.'s Frank A. Risch, vice president and treasurer of the corporation, has elected to retire after nearly 38 years of service, effective June 30. Risch joined the company in 1966 and was elected vice president and treasurer in January 1999.
The board of directors is expected to make the following elections, effective July 1: Donald D. Humphreys will replace Risch as vice president and treasurer. Humphreys is currently vice president and controller of ExxonMobil. Humphreys joined the company in 1976 and was elected vice president and controller in 1997.
Patrick T. Mulva, who has been vice president of investor relations and secretary of the corporation since February 2002, will assume Humphreys' responsibilities as vice president and controller. Mulva has 28 years of service with the company.
Mulva will be succeeded as vice president of investor relations and secretary of the corporation by Henry H. Hubble, currently general manager of operations and best practices, ExxonMobil Refining & Supply Co., Fairfax, Va.
Also, Coca-Cola Co. president and COO Steve Heyer will leave by "mutual agreement" in a few months as CEO E. Neville Isdell puts his stamp on the world's largest soft-drink maker. Isdell, who was named chairman and CEO on May 4, said in a statement, "We agreed that Steve could best realize his aspirations by pursuing opportunities outside of the company."
No replacement was named for Heyer, 51, a former Turner Broadcasting executive who revamped Coca-Cola's advertising, cut costs and brought in other outside executives in his three years at the 118-year-old company.