May 26, 2022

New Zealand-born Dan Ammann, who has served as CEO of autonomous vehicle company Cruise since 2019, has joined ExxonMobil, a new company focused on commercializing low-emissions business opportunities in carbon capture and storage. Hydrogen is a low emission fuel, according to ExxonMobil.

Ammann, the former chairman of General Motors, abruptly stepped down as Cruise CEO in December, but was formally replaced by Cruise co-founder Kyle Vogt in early March. He will take over as chairman of ExxonMobil Low Carbon Solutions effective May 1, replacing Blomart, who is retiring after 35 years with the company.

Amman served as president of GM from 2014 to 2018, and prior to that, he served as chief financial officer from 2011 to 2014. The CEO played a central role in GM’s initial investment and acquisition of Cruise, whose automaker owns 80% of SoftBank’s shares since last week’s purchase.

When he took over as CEO, Cruz grew from a small start-up with 40 employees to over 1,000 people. They have forced the company to expand and set ambitious goals, such as their latest plans to launch thousands of purpose-built Origins on American roads in the coming years. Other previous goals have not been met, such as plans to launch the AXI commercial robotic factory in 2019.

Amman now has other optimistic targets for ExxonMobil.

“We will move the needle from zero to zero in the most difficult sectors to decarbonize in a cost-effective manner and with urgency,” Amman wrote in a LinkedIn post on Tuesday. “To do this, we will use ExxonMobil’s comprehensive resources and know-how, as well as the best outside ideas and the $15 billion in seed capital the company has taken to grow this business and reduce emissions. For doing less.”

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