Company: IMO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0000049938-25-000015
Chunk: 185

Company: IMPERIAL OIL LTD
Filing Date: 2025-02-19
Form: 10-K
Item: Item 16
Chunk 185
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 term, variable rate loan from ExxonMobil to the company of up to $7.75 billion (Canadian) at market interest rates. The agreement is effective until June 30, 2035, cancellable if ExxonMobil provides at least 370 days advance written notice. 

152

Company executives and executive compensation

Named executive officers of the company

The named executive officers of the company at year end 2024 are listed below, all of whom remain in their positions as of February 14, 2025. In connection with his upcoming retirement from the company, B.W. Corson has resigned as president effective April 1, 2025, and has resigned as chairman and chief executive officer effective at the conclusion of the annual meeting of shareholders on May 8, 2025. The board has appointed J.R. Whelan as president of the company effective April 1, 2025, as chief executive officer effective at the conclusion of the annual meeting of shareholders on May 8, 2025, and, provided that Mr. Whelan is elected as a director at such meeting, as chairman effective at the conclusion of such meeting. 

Bradley W. Corson, 63 Position held (date office held):Chairman, president and chief executive officer(2020 – Present)  Other positions in the past five years (position, date office held and status of employer):President(2019 – 2020)Calgary, Alberta, CanadaDaniel E. Lyons, 62 Position held (date office held):Senior vice-president, finance and administration, and controller(2018 – Present)  Other positions in the past five years (position, date office held and status of employer):No other positions in the last five yearsCalgary, Alberta, CanadaCheryl L. Gomez-Smith, 56Calgary, Alberta, Canada Position held (date office held):Senior vice-president, upstream (2024 – Present)  Other positions in the past five years (position, date office held and status of employer):Director, safety and risk, global operations and sustainability, Exxon Mobil Corporation(2019 – 2024) (affiliate)Jim E. Burgess, 50 Position held (date office held):Treasurer(2024 – Present)  Other positions in the past five years (position, date office held and status of employer):Global process manager, Financial close, consolidation and external reporting, ExxonMobil Global Business Solutions(2023