ROCKVILLE, Md.–(BUSINESS WIRE)–X-Energy Reactor Company, LLC, a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation, today announced the appointment of Gregory J. Goff to the Company’s Board of Directors, effective immediately.
Mr. Goff currently serves on the boards of Exxon Mobil Corporation (NYSE: XOM) and Avient Corporation (NYSE: AVNT). Mr. Goff is also the founder and president of G&S Energy, a company focused on creating businesses in the energy sector, and GJG Development, a real estate development company.
Previously, Mr. Goff served as the Executive Vice Chairman of Marathon Petroleum Corporation (NYSE: MPC), an integrated downstream energy company, until his retirement in 2019. He joined Marathon Petroleum in 2018 following its acquisition of Andeavor, a leading petroleum refining and marketing company. From 2010 to 2018, he served as President and Chief Executive Officer of Andeavor, and as its Chairman from 2014 to 2018. In 2018, Harvard Business Review named Mr. Goff one of the “Best-Performing CEOs in the World.” Prior to joining Andeavor, Mr. Goff had an almost 30-year career with ConocoPhillips, during which he held various senior leadership positions in exploration and production and downstream and most recently served as Senior Vice President of commercial businesses from 2008 to 2010.
Mr. Goff is the Executive Director of the GGoff Foundation and founder of the Goff Strategic Leadership Center at the University of Utah and serves on the National Advisory Board for the University of Utah’s David Eccles School of Business. Mr. Goff holds a BS and an MBA from the University of Utah.
“We are thrilled to welcome Greg to the Board of X-energy. This is a momentous time for the Company as we are poised to address the critical needs of customers for clean, affordable, safe, and reliable energy,” said X-energy founder and Executive Chairman Kam Ghaffarian. “Greg brings an exceptional reputation and a nearly 40-year track record in the energy industry, including his tenure on the Exxon and Avient boards and past experience as an executive at Marathon Petroleum, Andeavor, and ConocoPhillips. We believe his significant leadership, operational, and governance experience will be critical to our transformation to and growth as a public company.”
“With its safe, advanced nuclear design, growing customer pipeline, and attractive business model, I believe X-energy is at the forefront of the commercialization and adaptation of advanced nuclear in order to achieve U.S. and global decarbonization, national security, and economic security objectives,” said Mr. Goff. “I am honored to join the Board and look forward to working with the team as we build-out clean and stable generation resources to address the global need for clean energy.”
As previously announced, X-energy has entered into a definitive business combination agreement with Ares Acquisition Corporation (NYSE: AAC), a publicly-traded special purpose acquisition company. Upon the closing of the transaction, the combined company will be named X-Energy, Inc. and its common equity securities and warrants are expected to be listed on the New York Stock Exchange.
Completion of the transaction is subject to approval by AAC’s shareholders, the Registration Statement being declared effective by the SEC, and other customary closing conditions.
About X-Energy Reactor Company, LLC
X-Energy Reactor Company, LLC, is a leading developer of advanced small modular nuclear reactors and fuel technology for clean energy generation that is redefining the nuclear energy industry through its development of safer and more efficient reactors and proprietary fuel to deliver reliable, zero-carbon and affordable energy to people around the world. X-energy’s simplified, modular, and intrinsically safe SMR design expands applications and markets for deployment of nuclear technology and drives enhanced safety, lower cost and faster construction timelines when compared with conventional nuclear. For more information, visit X-energy.com or connect with us on Twitter or LinkedIn.
About Ares Acquisition Corporation
AAC is a special purpose acquisition company (SPAC) affiliated with Ares Management Corporation, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. AAC is seeking to pursue an initial business combination target in any industry or sector in North America, Europe or Asia. For more information about AAC, please visit www.aresacquisitioncorporation.com.
