appointment of independent auditors by the Audit Committee, subject to shareholder ratification and receiving of auditors' reports. He served as Chief Executive Officer from 2010 to 2018 and President from 2008 to 2014. determining whether any director candidate nominated for election under the proxy access or advance notice provisions of the By-Laws meets the requirements of those provisions. He also served as vice president and chief financial officer of Caterpillar from 1995 to 1998. Sustainability-related topics typically fall under the purview of the Public Issues and Contributions Committee. (Reuters) - U.S. oil major Exxon Mobil Corp is planning to add one or more new board directors and stepping up its sustainability investments, the Wall Street Journal reported on … Of this total $120,000 was received as fees earned or paid in cash, $0 was received as … Our efforts are underpinned by a board of directors that provides strategic and independent oversight of our corporation’s affairs. He also served as vice chairman from 2001 to 2002 and as worldwide chairman, Pharmaceuticals Group, from 1998 to 2001. He became President and CEO in May 2011. He was elected group president of Caterpillar in 2002; and vice president, Engine Products Division in 1998. In 2019, the board of directors met 10 times. Good corporate governance creates a business environment conducive to long-term growth. The lead director has broad responsibilities, including: The lead director also chairs the board affairs committee, which has authorities that include establishing the criteria for director engagement with shareholders, overseeing independent director succession planning, and establishing and maintaining procedures for interested parties to communicate with non-employee directors. Stay up to date with the latest from ExxonMobil. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. Review corporate performance data, learn about our business model, read about our outlook for the energy industry, meet our management committee and more. Engine No. The lead director works with the compensation committee to oversee the annual evaluation of the CEO, the communication of resulting feedback to the CEO and the review of CEO succession plans. Company profile for Exxon Mobil Corp. including key executives, insider trading, ownership, revenue and average growth rates. setting the date, time and place of shareholder meetings. Around the world, ExxonMobil aims to be a preferred business partner, neighbor, employer and supplier. Engine No. SAN FRANCISCO – December 7, 2020 – Engine No. (Bloomberg) -- Exxon Mobil Corp. is heading for a proxy showdown after activist investor Engine No. investment plans which would involve significant commitments of financial, technological or human resources, or would involve significant risks for the Corporation. authority to determine whether an indemnity bond shall be required as a condition to the transfer of a share certificate alleged to have been lost, destroyed or wrongfully taken and, if so, the sufficiency thereof. issuance and acquisition of long-term debt or shares of stock, and the fixing of the consideration for treasury shares to be disposed of by the Corporation, except as delegated to the Treasurer as described in B.7 below. 1 has recommended executives with expertise in oil and gas, as … Jan. 5, 2021, Sustainability review of overall policies and objectives for corporate contributions, and approval of contributions budget (annually). 1 since mid-December. ExxonMobil has engaged with Engine No. Past public company directorships: Imperial Oil Ltd. (April 2013 - July 2014), Exxon Mobil Corporation Guidelines for the Selection of Non-employee Directors, Guidelines for Review of Related Person Transactions, University and National Labs partnerships, Innovating Energy Solutions: R&D Highlights. Details concerning the nominees of ExxonMobil’s Board of Directors for election at the 2021 Annual Meeting will be included in the Proxy Statement. election of officers of the Corporation, designation of the chief executive officer of the Corporation and authorization to any officer of the Corporation to appoint assistant officers. Pictured above is the ExxonMobil board of directors, as of May 1, 2020. Principal occupation: Chairman of the Board and Chief Executive Officer, Merck & Co. Business experience: Mr. Frazier was elected chairman and chief executive officer of Merck in 2011, and served as president from 2010 until 2019. authority to maintain an inventory of Corporation stock in the Treasury. November 1, 2016. authority to advance or loan money to, subscribe to equity capital in, guarantee obligations of, and accept deposits from affiliated companies. The board affairs committee recommends board of director candidates in accordance with our Guidelines for the Selection of Non-Employee Directors. As revised by the Board of Directors effective November 1, 2017. No director attended less than 75 percent of such … During 2019, the ExxonMobil Board met ten times. Other directors serve as alternate members of the Executive Committee on a rotational basis. Article. According to a 2018 proxy statement filed with the Securities and Exchanges Commission (SEC), the average level of compensation for Exxon’s board of directors in 2017 was almost $365,000. "RESOLVED, That, in light of the provisions of New Jersey law that  the management of the business and affairs of the Corporation be managed by or under the direction of the Board of Directors and  the provisions of Article IV of the By-Laws, as amended, dealing with the management responsibilities of the officers of the Corporation: A. the Board reserves the following functions to itself (and, to the extent delegated thereto, to its Committees): B. the Board notes that it, or a Board Committee, has heretofore delegated the following specific standing powers to one or more officers of the Corporation and reserves to itself or such Board Committee power to alter any such delegation: C. the Board requests that the chief executive officer refer to it (or to a committee of the Board to which it has delegated responsibility) for consideration and, as appropriate, concurrence: FURTHER RESOLVED, That the resolution on this subject adopted by the Board on May 28, 2008 be and it hereby is revoked.". She served as executive vice president, general counsel and chief public affairs officer of WellPoint from 2005 to 2007, and president and chief executive officer of Blue Cross Blue Shield of Missouri from 2003 to 2005. ExxonMobil is one of the largest oil and gas corporations in the world. The board believes shareholder interests are best served through a leadership model combining the roles of chairman of the board and chief executive officer. At year-end 2019, nine of ExxonMobil’s 10 directors were independent as defined by New York Stock Exchange guidelines. The board receives updates and reviews from internal and external experts on issues of importance to the company. He served as senior vice president and general counsel at Merck from 1999 to 2006. IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM) issued the following statement in response to Engine No. She also served as Senior Vice President, Corporate Strategic Services; and Senior Vice President and President, Document Systems and Solutions Group, and Business Group Operations, at Xerox. Our environmental management approach is guided by an understanding of the potential environmental and socioeconomic impacts of our operations and a commitment to develop, maintain and operate projects sustainably, using appropriate standards that enable us to ‘Protect Tomorrow. other matters relating to the Corporation's business which in the judgment of the chief executive officer are of such significance as to merit the Board's consideration. ExxonMobil has a proven record of successfully meeting society's evolving demand for energy. Before his election as chairman and CEO, Woods was elected president of ExxonMobil and a member of the board of directors … 1’s nomination of directors for election to ExxonMobil’s board of directors at its 2021 annual meeting of shareholders. Investors are seeking to overthrow Exxon’s board of directors in an attempt to reign in massive spending plans, according to reports. He retired from MetLife in April 2019. (Bloomberg) -- Exxon Mobil Corp. is heading for a proxy showdown after activist investor Engine No. approval of the Annual Report and proxy statement. 1 has reportedly lined up four individuals who have agreed to fill seats on the Exxon Board of Directors … Current public company directorships: Aptiv PLC (January 2020 - Present) Sustainability … Engine No. Purposes of the committee. significant sales, transfers, or other dispositions of property or assets. The average tenure of our non-employee directors as of April 2020 was 6.1 years, below the 2019 average of S&P 500 companies of 8 years. He was elected executive vice president and president, Global Human Health, at Merck in 2007; and executive vice president and general counsel in 2006. Exxon Mobil Corporation (XOM) issued the following statement in response to Engine No. She was elected Chief Executive Officer in 2009 and President in 2007, and relinquished these roles in 2016. An independent executive search firm helps identify external candidates for consideration who have: The board affairs committee considers recommendations from shareholders and board directors to help ensure the selection process is collaborative. establishment of divisions of the Corporation and appointment of the presidents thereof. 1, a new investment firm that seeks to enhance long-term value through active ownership, today announced that it has formally nominated four highly qualified, independent director candidates with diverse track records of success across the energy sector to the Exxon Mobil Corporation (NYSE: XOM) ("ExxonMobil" or the "Company") Board of Directors (the "Board… To learn more about our COVID-19 response, please see the case study. Exxon Mobil Corp. is heading for a proxy showdown after activist investor Engine No. Ms. Burns served as Chairman of Xerox from 2010 to June 2017. View detailed XOM description & address. adoption of any new major employee benefit plans and programs and approval of any major amendment of an existing major employee benefit plan or program (e.g., Pension Plan and Savings Plan) which might involve substantial cost to the Corporation or significantly alter the scope, nature or degree of benefits. ExxonMobil’s full board of directors provides oversight of key risks to the company’s business. All Rights Reserved. Board of Directors in EXXON MOBIL CORP For its 2019 fiscal year, EXXON MOBIL CORP, listed the following board members on its annual proxy statement to the SEC. Experience: Mr. Woods was elected Chief Executive Officer in 2009 and president from 2008 to.. S directors, on average, attended approximately 96 percent of the energy chemical. Hooley … company profile for Exxon Mobil Corp. is heading for a minimum of two years well-being of communities we... 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