CALGARY, Feb. 20 /CNW/ - T.J. (Tim) Hearn, currently chairman and chief
executive officer of Imperial Oil Limited, has announced his intention to
retire effective March 31, 2008. Mr. Hearn has more than 41 years of service
with the company.
The Board of Directors of Imperial Oil Limited has appointed
B.H. (Bruce) March, currently president of Imperial Oil Limited, to succeed
Mr. Hearn as chairman, president and chief executive officer effective
April 1, 2008.
Mr. Hearn, born in Regina, Saskatchewan, is a graduate of the University
of Manitoba. He joined Imperial Oil in 1967 and held progressively more
responsible management positions in marketing, logistics, and systems and
computer services. He was named vice-president human resources with
Exxon Mobil Corporation in 1998. Mr. Hearn became chairman, president and
chief executive officer of Imperial Oil Limited in 2002.
Mr. Hearn is chairman of the board of directors of the C.D. Howe
Institute, a member of the board of directors of the Royal Bank of Canada, a
member of the Canadian Council of Chief Executives, co-chairs a multi-year,
fund-raising campaign for the University of Alberta and chairs the Tyndale
University fund-raising campaign. For a number of years, he has served on
several community boards and committees. Currently, he is on the Cabinet of
the Calgary Committee to End Homelessness and chairs the Housing
A native of Middleport, New York, Mr. March is a graduate of the
Rochester Institute of Technology. He joined Mobil Oil as a project engineer
in 1980 and advanced through increasingly responsible management assignments
in refining, supply, environment, health and safety. In 1997, Mr. March was
appointed Manager, Product Trading for Europe in Mobil's supply transportation
area, and became a Senior Advisor, Operations with ExxonMobil's global
Refining & Supply Company in 2000. In 2003, he became Manager, Baton Rouge
Refinery, and in 2006 was the Project Executive for a Middle East Gas to
Liquids project with ExxonMobil's Development Company. In early 2007 Mr. March
became Director, Refining Europe/Africa/Middle East, ExxonMobil Petroleum &
Chemical BVBA in Brussels Belgium.
Imperial Oil is one of Canada's largest corporations and a leading member
of the country's petroleum industry. It is one of Canada's largest producers
of crude oil and natural gas, is the country's largest petroleum refiner, and
has a leading market share in petroleum products sold through a coast-to-coast
supply network that includes close to 2,000 service stations.
/NOTE TO PHOTO EDITORS: A photo accompanying this release is available on
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For further information:
For further information: Investor inquiries, Dee Brandes, Investor
Relations, (403) 237-4537; Media inquiries, Gordon Wong, Public Affairs, (403)