Dive Brief:

• Oil giant ExxonMobil named Bart Cahir president of its new Global Business Solutions division in May, according to a LinkedIn post made by Cahir.
• Cahir will oversee the new department, which combines many of ExxonMobil’s support functions, including financial services, procurement and workforce enablement, according to a Wall Street Journal report, citing an ExxonMobil employee memo.
• The executive brings nearly 30 years of oil and gas experience — most of which have been spent at ExxonMobil — to the new department. The move is one of multiple organizational changes the company has undergone this summer.

Dive Insight:

ExxonMobil’s new Global Business Solutions unit, which debuted in May, was created as part of a larger corporate reorganization aimed at cutting costs throughout the company, The Wall Street Journal noted. 

In his LinkedIn post, Cahir said he looks forward to working with ExxonMobil’s global team to drive efficiencies throughout the company with a focus on improving both customer and employee experiences.

“I am ready to roll up my sleeves to learn from my new teammates and to bring to bear my 29 years of experience with ExxonMobil,” Cahir said.

Besides a brief stint between 2015 and 2017 at Canadian petroleum company Imperial Oil, Cahir has held numerous roles across different departments at ExxonMobil since 1994, according to his LinkedIn bio. As an executive at the company, his positions have included senior vice president of upstream portfolio development, senior vice president of unconventionals, senior vice president of global projects, and executive advisor to the chairman.

A spokesperson from ExxonMobil did not respond by press time to an inquiry for more details on Cahir’s promotion and the newly created Global Business Solutions team.

Beyond the Global Business Solutions unit, ExxonMobil also launched its Centralized Supply Chain team in May, which will help control supply chain costs by merging the company’s logistics and materials management operations. Additionally, ExxonMobil plans to launch a global commodities trading group that will blend its trading operations in crude oil, petroleum products, natural gas, power and freight, according to The Wall Street Journal.

Irving, Texas-based ExxonMobil is one of the largest integrated fuels, lubricants and chemicals companies in the world. Its primary business functions include upstream, product solutions and low-carbon solutions.