Exxon Mobil Adds Two New Board Members
March 01 2021 - 9:14AM
Dow Jones News
By Dave Sebastian
Exxon Mobil Corp. said it has added Michael Angelakis and
Jeffrey Ubben for its board after the beleaguered energy giant
faced pressure from a pair of activist investors.
Mr. Angelakis is the chairman and chief executive of the
private-equity firm Atairos. Mr. Ubben is the cofounder of
Inclusive Capital Partners, an investment firm focused on promoting
environmental, social and governance practices.
"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,"
Chairman and Chief Executive Darren Woods said.
The Wall Street Journal in January reported that the company was
preparing to make changes to its board and adopt further measures
to reduce its carbon footprint.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
March 01, 2021 08:59 ET (13:59 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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