08:54 AM EST, 02/13/2025 (MT Newswires) -- Imperial Oil ( IMO ) said Thursday it appointed John Whelan as chief executive officer, effective May 8, succeeding Brad Corson who plans to retire after 42 years at the company.

The oil and gas company said Whelan, who is currently serving as senior vice president of ExxonMobil's ( XOM ) Upstream division, was also appointed president and chairman, taking over Corson's other roles.

Corson was appointed CEO, president and chairman in January 2020.

IMO shares were 0.9% lower in recent premarket activity.