Michael Angelakis and Jeffrey Ubben Join ExxonMobil Board of Directors
March 01 2021 - 8:30AM
Business Wire
Exxon Mobil Corporation (NYSE:XOM) said today that Michael
Angelakis and Jeffrey Ubben have joined its board of directors.
Angelakis is chairman and CEO of Atairos, an independent
strategic investment company focused on supporting growth-oriented
businesses across a range of industries. Prior to founding Atairos,
he served as Comcast Corporation’s vice chairman and chief
financial officer. In those roles, Angelakis led strategic
planning, capital allocation and corporate development, including
overseeing Comcast’s successful transition into media and other
technologies. Angelakis is a non-executive director of TriNet
Group, Inc. and Groupon, Inc., and is a former chairman of the
Federal Reserve Bank of Philadelphia.
Ubben co-founded Inclusive Capital Partners, a San
Francisco-based investment firm focused on increasing shareholder
value and promoting sound environmental, social and governance
practices. Previously, he was a co-founder of ValueAct Capital
Partners, an investment firm emphasizing strong, constructive
relationships with company management teams and boards. He is
currently a non-executive director for Appharvest Inc., Enviva
Partners LP and Nikola Corporation.
“We welcome these new directors as part of our ongoing board
refreshment, which builds on the diverse global business experience
of our current members,” said Darren Woods, chairman and chief
executive officer of Exxon Mobil Corporation. “Michael and Jeff’s
expertise in capital allocation and strategy development has helped
companies navigate complex transitions for the benefit of
shareholders and broader stakeholders. Their contributions will be
valued as ExxonMobil advances plans to increase shareholder value
by responsibly providing needed energy while playing a leadership
role in the energy transition.”
With the election of Angelakis and Ubben, the ExxonMobil board
increased to 13 directors, 12 of whom are independent. In recent
years the company has pursued additional board expertise in the
areas of climate science, asset and risk management, and relevant
industry experience. Seven independent directors have been
appointed since 2016. The average director tenure for the
ExxonMobil board is less than five years, compared to an average of
eight years for companies in the S&P 500.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy companies, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. To learn more, visit exxonmobil.com and
the Energy Factor.
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Important Additional Information Regarding Proxy
Solicitation
Exxon Mobil Corporation (“ExxonMobil”) intends to file a proxy
statement and associated BLUE proxy card with the U.S. Securities
and Exchange Commission (the “SEC”) in connection with the
solicitation of proxies for ExxonMobil’s 2021 Annual Meeting (the
“Proxy Statement”). ExxonMobil, its directors and certain of its
executive officers will be participants in the solicitation of
proxies from shareholders in respect of the 2021 Annual Meeting.
Information regarding the names of ExxonMobil’s directors and
executive officers and their respective interests in ExxonMobil by
security holdings or otherwise is set forth in ExxonMobil’s proxy
statement for the 2020 Annual Meeting of Shareholders, filed with
the SEC on April 9, 2020, ExxonMobil’s Form 8-K filed with the SEC
on February 2, 2021 and ExxonMobil’s Annual Report on Form 10-K for
the fiscal year ended December 31, 2020, filed with the SEC on
February 24, 2021. To the extent holdings of such participants in
ExxonMobil’s securities are not reported, or have changed since the
amounts described, in the 2020 proxy statement, such changes have
been reflected on Initial Statements of Beneficial Ownership on
Form 3 or Statements of Change in Ownership on Form 4 filed with
the SEC. Details concerning the nominees of ExxonMobil’s Board of
Directors for election at the 2021 Annual Meeting will be included
in the Proxy Statement. BEFORE MAKING ANY VOTING DECISION,
INVESTORS AND SHAREHOLDERS OF THE COMPANY ARE URGED TO READ ALL
RELEVANT DOCUMENTS FILED WITH OR FURNISHED TO THE SEC, INCLUDING
THE COMPANY’S DEFINITIVE PROXY STATEMENT AND ANY SUPPLEMENTS
THERETO AND ACCOMPANYING BLUE PROXY CARD WHEN THEY BECOME
AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Investors and shareholders will be able to obtain a copy of the
definitive Proxy Statement and other relevant documents filed by
ExxonMobil free of charge from the SEC’s website, www.sec.gov. ExxonMobil’s shareholders will also
be able to obtain, without charge, a copy of the definitive Proxy
Statement and other relevant filed documents by directing a request
by mail to ExxonMobil Shareholder Services at 5959 Las Colinas
Boulevard, Irving, Texas, 75039-2298 or at shareholderrelations@exxonmobil.com or from the
investor relations section of ExxonMobil’s website, www.exxonmobil.com/investor.
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