Central Intelligence Agency chief Pompeo to replace Tillerson as Secretary of State

In October, NBC reported that Tillerson called the president a "moron" following a meeting in July.

The White House said that Trump wanted a fresh approach to his administration's diplomatic efforts, and wanted to have his team in place in time for negotiations with North Korea.

Trump took to Twitter to share the development, saying: "Mike Pompeo, Director of the Central Intelligence Agency, will become our new Secretary of State".

US President Donald Trump has fired Secretary of State Rex Tillerson. He will do a fantastic job!

Gina Haspel, the deputy director of the CIA, will replace Pompeo if confirmed by the Senate, becoming the first female director of that agency.

Trump also thanked Tillerson, saying "A great deal has been accomplished over the last fourteen months, and I wish him and his family well", according to the Washington Post.

The president - who has long clashed will Mr Tillerson, who he believes is "too establishment" in his thinking - felt it was important to make the change now, as he prepares for talks with North Korean leader Kim Jong Un, as well as upcoming trade negotiations, three White House officials said. The sources weren't authorized to speak publicly and demanded anonymity. Tillerson continued to insist his relationship with the president was solid and brushed off rumors of strain between them.

Trump reportedly made the decision last week, summoning Tillerson home from a trip to Africa. Paid $27.3 million past year, Tillerson has accumulated roughly $160 million in Exxon stock along with $149 million of unvested stock options, according a proxy statement the company filed with the Securities and Exchange Commission.

Vanessa Coleman