President-elect Donald Trump will nominate the Chairman and CEO of ExxonMobil, Rex Tillerson, as Secretary of State.

"Rex Tillerson's career is the embodiment of the American dream. Through hard work, dedication and smart deal making, Rex rose through the ranks to become CEO of ExxonMobil, one of the world's largest and most respected companies," Trump said in a statement. "His tenacity, broad experience and deep understanding of geopolitics make him an excellent choice for Secretary of State."

Tillerson was hailed in the release for guiding a global company and his experience negotiating with world leaders.

"Rex knows how to manage a global enterprise, which is crucial to running a successful State Department, and his relationships with leaders all over the world are second to none," Trump said. "I can think of no one more prepared, and no one more dedicated, to serve as Secretary of State at this critical time in our history."

Tillerson accepted the nomination, appearing willing to leave his position at the top of one of America's greatest companies.