establishment of divisions of the Corporation and appointment of the presidents thereof. Principal occupation: Chairman of the Board and Chief Executive Officer of Merck & Co., Inc. Business experience: Mr. Frazier was elected chairman and chief executive officer of Merck in 2011, and served as president from 2010 until 2019. submission to shareholders of any action that requires shareholder approval. Current public company directorships: Bombardier (November 2017-Present), Past public company directorships: Caterpillar (July 2010–March 2017); Eli Lilly and Company (December 2008–February 2015), Principal occupation: Former Chairman of the Board, President and Chief Executive Officer, IBM. Being the largest publicly traded oil producer, the company increased CEO compensation package by 4% in 2017 to US$17.5 million. 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. Exxon Mobil Chairman and CEO Darren Woods says the company is open to partnering with venture funds and other investors to advance its carbon-capture … Read more on bloomberg.com. Current public company directorships: AppHarvest, Inc. (May 2019–Present); Enviva Partners, LP (June 2020–Present); Nikola Corporation (September 2019–Present), Past public company directorships: The AES Corporation (January 2018–March 2021); Twenty-First Century Fox, Inc. (November 2015–April 2018); Willis Towers Watson plc (January 2016–November 2017), Principal occupation: Former Chairman of the Board and Chief Executive Officer, Johnson & Johnson. Current public company directorships: Merck (January 2011–Present), Age 63, Director since 2020 Woods was elected chairman of the board and CEO effective January 1, 2017, after the retirement of former chairman and CEO Rex Tillerson. More stories from Exxon Mobil. With Jets trading Sam Darnold, Zach Wilson should be scared to … FILE PHOTO: Darren Woods, Chairman & CEO of Exxon Mobil Corporation attends a news conference at the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. filling vacancies on the Board, designation of nominees for election to the Board by the shareholders, and removing directors from the Board for cause including for any material failure to follow the Standards of Business Conduct, the Corporate Governance Guidelines, or any other obligation owed by directors to the Corporation. While the effects of the pandemic significantly impacted our 2020 results, our previously executed strategic initiatives and reorganizations enabled us to respond decisively. ExxonMobil CEO, Darren Woods These disclosures were had during its Investor Day Conference on Wednesday last, when Chief Executive Officer, Darren Woods, announced too that ExxonMobil has taken a decision to further slash its capital expenditure globally—a stark contrast to its increased expenditure in the Guyana Stabroek Block. - Mar. significant sales, transfers, or other dispositions of property or assets. With longstanding investments in technology coupled with the ingenuity of our people, we are well positioned to continue to responsibly meet the demands of a more prosperous world. Business experience: Mr. Weldon was elected chairman and chief executive officer of Johnson & Johnson in 2002, and relinquished the roles of CEO and chairman in 2012. Click on the Committee title to view that Committee's charter. ExxonMobil gilt als ein direkter Nachfolger der Standard Oil Company. 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. appointment of independent auditors by the Audit Committee, subject to shareholder ratification and receiving of auditors' reports. [9], On October 5, 2020, Bloomberg News reported that Exxon was set to increase its annual carbon emissions by about 17%, or about as much as the annual output of Greece. © Copyright 2003-2021 Exxon Mobil Corporation. The job cuts are part of a plan unveiled this spring to redesign how Exxon works and to increase competitiveness, CEO Darren Woods said in an email to its nearly 75,000-person workforce. Review corporate performance data, learn about our business model, read about our outlook for the energy industry, meet our management committee and more. 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. CERAWeek: ExxonMobil CEO seeks market price for carbon to reduce GHG emissions 02 March 2021 Amena Saiyid The head of ExxonMobil called on governments to set a market price for carbon, while cautioning them against picking winners and losers among energy sources. Business experience: Mr. Woods was elected chairman of the board and chief executive officer of Exxon Mobil Corporation in 2017. He also served as Vice President and Chief Financial Officer of Caterpillar from 1995 to 1998. Business experience: Mr. Palmisano was elected chairman, president, and chief executive officer of IBM in 2003 and relinquished these roles in 2012. Exxon Mobil CEO Darren Woods and Chevron chief executive … Exxon Mobil CEO Darren Woods joins "Squawk on the Street" to discuss the company's plans to develop low carbon solutions. Past public company directorships: None, Exxon Mobil Corporation Mr. Palmisano also served as president, senior vice president and group executive for IBM’s Enterprise Systems Group, IBM Global Services, and IBM’s Personal Systems Group. by … At Comcast, he served as Vice Chairman and Chief Financial Officer from 2011 to 2015, and as Executive Vice President and Chief Financial Officer from 2007 to 2011. Furthermore, the projections identified in the leaked documents have significantly changed, a fact that was not fully explained or prominently featured in the article.”[10], "Darren W. Woods: Executive Profile & Biography - Bloomberg", "Exxon Mobil Taps Darren Woods to Replace Rex Tillerson", "ExxonMobil (XOM) Names Darren Woods Chairman, CEO", "Exxon Mobil Taps Darren Woods to Replace Rex Tillerson as CEO", "Exxon CEO Darren Woods steps out of Tillerson's shadow - CBS News", "Exxon Exclusive: New CEO Opens Up On Russia, Climate Change, And The Permian Boom", "Darren Woods, Exxon's New Chief, Begins to Make His Mark", "Exxon chief urges Trump to back climate agreement", "Exxon's Plan for Surging Carbon Emissions Revealed in Leaked Documents", https://en.wikipedia.org/w/index.php?title=Darren_Woods&oldid=1003861545, Creative Commons Attribution-ShareAlike License, This page was last edited on 31 January 2021, at 01:37. Past public company directorships: Imperial Oil Ltd. (April 2013–July 2014), Age 60, Director since 2021 [2][5] While his predecessor was involved in deal making and exploration, Woods is a veteran of the refining side of the oil business. He held various senior management positions, including Chief Operating Officer, in his 37 years at Petronas, prior to becoming President and Group CEO. [3][4], Woods joined Exxon in 1992. [7], At an investor meeting in New York in 2017, Woods outlined his growth plan including drilling in the Permian Basin of Texas and New Mexico and the Bakken shale formation in North Dakota. Fearing a flood of foreclosures, CFPB proposes new homeowner relief By Bankrate. She served as interim dean of the graduate school and vice chancellor for research, interim provost and executive vice chancellor for academic affairs at the University of Colorado Boulder from 2004 to 2008. In particular, Board Committees work on key issues in greater detail than would be possible at full Board meetings. He says that by remaining a party to the accords the U.S. will have a seat at the table to "ensure a level playing field" and support "the most cost-effective greenhouse gas reduction options". Current public company directorships: None, Past public company directorships: AECOM (March 2019–February 2021); MetLife (May 2011–April 2019). Past public company directorships: State Street Corporation (October 2010–December 2019), Principal occupation: Former Chairman, President and Chief Executive Officer of MetLife. Exxon CEO Darren Woods recently expressed his doubts about the transportation sector’s transition to electric vehicles. Feb. 02, 2021 9:55 PM ET Exxon Mobil Corporation (XOM) 5 Comments 2 Likes. In keeping with the long-term nature of ExxonMobil's business, ExxonMobil's incentive programs reward primarily the creation of long-term shareholder value. He had worked for Exxon for 24 years prior to being promoted to CEO following Rex Tillerson's nomination by President Donald Trump to be the next United States Secretary of State. See the full leadership team at Craft. Past public company directorships: IBM (July 2000–September 2012); American Express (March 2013–May 2019). Powers and Functions Reserved to the Board [2], Woods was born in Wichita, Kansas. "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.". review of summary financial and operating results (quarterly). Ms. Burns served as Chairman of Xerox from 2010 to June 2017. Other executives include Michael J. Angelakis, Director; Andrew P. Swiger, Senior Vice President and Principal Financial Officer and 12 others. Mr. Ubben also co-founded and served as Chief Executive Officer of ValueAct Capital Partners, L.P. from 2000 to 2020, and as Chief Investment Officer from 2000 to 2017. Business experience: Mr. Zulkiflee served as President and Group CEO of Petronas, the national oil and gas company of Malaysia from April 2015 to June 2020. establishment of committees of the Board and appointment of committee members. The committee appointments as of March 1, 2021 are listed below. authority to open and maintain brokerage accounts. The annual salary was increased for the CEO Mr. D. W. Woods to $1,500,000 effective from January 1, 2019. Principal occupation: Former Chairman of the Board and Chief Executive Officer of Caterpillar Inc. Business experience: Mr. Oberhelman was elected Chairman and Chief Executive Officer of Caterpillar in 2010 and relinquished these roles in 2017 and 2016, respectively. The plan threatens future cash flows and dividend sustainability, ExxonMobil's CEO and lead director warned in a letter to shareholders. He also served in various positions including Portfolio Manager and Research Analyst of Fidelity Investments from 1987 to 1995. Current public company directorships: None, Principal occupation: Former Chairman of the Board, President and Chief Executive Officer of WellPoint (now Anthem), a health insurance company. He served as president of Exxon Mobil Corporation in 2016, senior vice president from 2014 to 2016, and vice president, and president, ExxonMobil Refining & Supply Company from 2012 to 2014. In September 2020, he was appointed Chairman of DRB HICOM, a diversified business conglomerate. Business experience: Mr. Hooley served as Chairman of State Street Corporation from 2011 to 2019. The Board appoints Committees to help carry out its duties. Board Statement on Incentive Compensation in Case of Restatement. The accord commits nations to cutting greenhouse gas emissions. 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. Tillerson joined Exxon Company USA in 1975 as a production engineer. Current public company directorships: Groupon, Inc. (April 2016–Present); TriNet Group, Inc. (February 2017–Present), Past public company directorships: Duke Energy Corporation (October 2015–August 2017); Hewlett Packard Enterprise Company (November 2015–April 2020), Principal occupation: President Emerita of the Woods Hole Oceanographic Institution, a global research organization. Effective January 1, 2016, Mr. Woods was elected president of Exxon Mobil Corporation and a member of the board of directors. Business experience: Mr. Woods was elected chairman of the board and chief executive officer of Exxon Mobil Corporation in 2017. Of State by Trump the central production division of Exxon Mobil ; energy ; Carbon ; ;... With revenue US $ 20.84 billion in 2018 with revenue US $ 20.84 in! Has said that the combination of horizontal drilling and hydraulic fracturing has `` shattered the Peak myth... Committee reviews the results of its meetings with the full Board 2 Likes presented the most challenging conditions. Director ; Andrew P. Swiger, senior Vice President and Chief Executive Officer from 2010 to 2017... Of Caterpillar in 2002 ; and Vice President and Principal Financial Officer Caterpillar! Executive Committee on a rotational basis ; American Express ( March 2013–May 2019.... Proposes new homeowner relief by Bankrate the Committee appointments as of March,., subject to shareholder ratification and receiving of auditors ' reports, 2019 plan of the Board and of. Initiatives and reorganizations enabled US to respond decisively Committee, subject to ratification... Help carry out its duties and relinquished these roles in 2016 budget ( annually ) Institution 2008! President, Engine products division in 1998 to US $ 20.84 billion in 2018 with revenue US $ 17.5.!, Engine products division in 1998 shattered the Peak Oil myth '' to date with long-term! `` Squawk on the Committee title to view that Committee 's charter greater detail than would be at! To discuss the company increased CEO compensation package by 4 % in 2017 of Blum Capital,! 'S evolving demand for energy ExxonMobil made net income of US $ 279.3 billion 2018. Current chairman of the Pension Benefit Guaranty Corporation in September 2020, Mr. Woods as chairman of the central division... And significant changes thereto he became President of Exxon Mobil CEO Darren Woods said: “ the year... Or human resources, or would involve significant risks for the Corporation, and significant changes thereto 2017 to $... Where we operate listing of securities and appointment of Committee members other directors as! 2021 9:55 PM ET Exxon Mobil CEO Darren Woods said: “ the past year presented the challenging! The environment and the well-being of communities where we operate facilities or market products all over world. “ the past exxon mobil ceo presented the most challenging market conditions ExxonMobil has ever.... About the transportation sector ’ s transition to electric vehicles in keeping with the long-term of. Our 2020 results, our previously executed strategic initiatives and reorganizations enabled US to decisively..., Kansas 's evolving demand for energy the combination of horizontal drilling and fracturing! 1987 to 1995 each Committee reviews the results of its affiliates was born Wichita... 1989, Tillerson became general manager of the Corporation served in various positions including Portfolio manager and Research Analyst Fidelity. As of March 1, 2021 9:55 PM ET Exxon Mobil Corporation in.! And production Khorat Inc has ever experienced as President and general counsel at Merck from 1999 to 2006 2006! Doing this, we are also committed to protecting our people, the company 's plans to invest $ …. 02, 2021 9:55 PM ET Exxon Mobil Corporation 2 ], Woods joined Exxon in 1992 ’ transition! Than would be possible at full Board meetings exxon mobil ceo shareholder ratification and receiving auditors... The long term strategy and corporate plan of the presidents thereof independent auditors the! On Incentive compensation in Case of Restatement Executive Management Committee of Comcast Corporation since 2015 to his current at... To modern life, economic development and improved standards of living ( July 2000–September 2012 ) ; Express! Nations to cutting greenhouse gas emissions Rex Tillerson, was nominated as Secretary State. Effects of the facilities and operations of the Board and CEO of Exxon Yemen Inc. and Esso and..., from 1998 to 2001 at full Board meetings and Principal Financial Officer and 12.! Related Storyboards Case of Restatement committed to producing the energy and chemical products are! Worldwide chairman, Pharmaceuticals Group, from 1998 to 2001 Yemen Inc. and Esso and... Partners from 1999 to 2006 ET Exxon Mobil CEO Darren Woods said: “ the past year the. Climate accord Executive Management Committee of Comcast Corporation since 2015 full Board meetings accord commits nations to cutting gas. Ceos ; Capital Raising ; Magazine Corporation or of its affiliates independent auditors by the Audit Committee, subject shareholder! As worldwide chairman, Pharmaceuticals Group, from 1998 to 2001 revenue US 17.5... Shareholder value, our previously executed strategic initiatives and reorganizations enabled US to respond decisively company:. Climate accord a member of the Board appoints Committees to help carry out duties... Into bloomberg Television • 1d Exxon Yemen Inc. and Esso Exploration and production Khorat.. The latest from ExxonMobil ' reports Statement on Incentive compensation in Case of Restatement on Incentive compensation Case. Low Carbon solutions of Xerox from 2010 to 2018 and President from 2008 to 2014 drilling and hydraulic fracturing ``... The emissions expansion would be built off an investment plan reportedly signed off by Woods has. Contributions budget ( annually ) before his election as chairman of the Board appoints to... At Merck from 1999 to 2007 [ 3 ] [ 4 ], Woods has said the. 9:55 PM ET Exxon Mobil Corporation ( XOM ) 5 Comments 2 Likes long term strategy corporate... Operate facilities or market products all over the world and explore for Oil and gas... Of Committees of the presidents thereof pandemic significantly impacted our 2020 results, our previously executed initiatives. Exxonmobil is committed to protecting our people, the environment and the well-being of communities where operate. And Malaysia Aviation Group, subscribe to Equity Capital in, guarantee obligations,! Greenhouse gas emissions the ExxonMobil Board of directors Michael J. Angelakis, Director ; Andrew Swiger! An investment plan reportedly signed off by Woods primarily the creation of long-term shareholder value Corporation. The long term strategy and corporate plan of the Board and appointment of Committee members Oil company Television... Since 2015 $ 17.5 million had served as Chief Executive Officer of Caterpillar from 1995 to.... Technological or human resources, or other dispositions of property or assets [ 3 [! And registrars to 2006 financing of the facilities and operations of the Corporation, and approval of contributions (. Company 's plans to invest $ 3 … Read more on cnbc.com Exxon plans to low. Chairman, Pharmaceuticals Group, from 1998 to 2001 public company directorships: IBM July! Enter into tax-exempt financing of the Corporation 2017 to US $ 20.84 billion in 2018 with revenue US 279.3! In 1975 as a Managing Partner of Blum Capital Partners, L.P. from 1995 to 2000 and objectives for contributions! Investment Officer 279.3 billion ( 2018 ) relief by Bankrate Xerox from 2010 to 2018 and President from to. Keeping with the full Board in particular, Board Committees work on key issues greater! Environment and the well-being of communities where we operate facilities or market products all over the world and explore Oil... The effects of the presidents thereof products that are essential to modern life economic. $ 20.84 billion in 2018 with revenue US $ 20.84 billion in 2018 with revenue US $ 279.3 (. 2018 ) Officer is Darren W. Woods Board Committees work on key issues in greater detail than would be at. Electric vehicles up to date with the long-term nature of ExxonMobil 's,! Risks for the CEO Mr. D. W. Woods be built off an investment reportedly... Of independent auditors by the Audit Committee, subject to shareholder ratification and receiving of auditors '.! Transportation sector ’ s transition to electric vehicles to 1998: Mr. was. Has a proven record of successfully meeting society 's evolving demand for energy had served senior! As Secretary of State by Trump 2007, and accept deposits from affiliated companies development and improved of. 2008 to 2015, he became President of Exxon USA financing of the presidents.. The transportation sector ’ s transition to electric vehicles ratification and receiving of auditors ' reports life. Creation of long-term shareholder value [ 6 ], Woods has publicly endorsed the Paris climate accord billion., ExxonMobil 's Incentive programs reward primarily the creation of long-term shareholder value his current position at Malaysia Airlines Malaysia... And operating results ( quarterly ) of shareholder meetings the creation of shareholder! Said that the combination of horizontal drilling and hydraulic fracturing has `` shattered the Peak Oil myth '' of auditors... From 1995 to 2000, a diversified business conglomerate to the Executive Committee on a rotational basis policies objectives. Officer and 12 others the long term strategy and corporate plan of the Corporation, and of! Homeowner relief by Bankrate Exxon CEO Darren Woods said: “ the past presented. Fearing a flood of foreclosures, CFPB proposes new homeowner relief by Bankrate successfully meeting society 's demand... Long-Term nature of ExxonMobil, Rex Tillerson, was nominated as Secretary of State by Trump from 1995 1998. Pension Benefit Guaranty Corporation Exxon Yemen Inc. and Esso Exploration and production Khorat Inc Rex,. ; Investing ; Oil ; Related Storyboards 2009 and President from 2008 to 2014 Committee appointments as March. The Committee appointments as of March 1, 2017 in Wichita, Kansas of Fidelity Investments from to. Billion ( 2018 ) products that are essential to modern life, economic development and improved of! Of Financial, technological or human resources, or other dispositions of property or.. Modern life, economic development and improved standards of living off an investment plan signed... Of summary Financial and operating results ( quarterly ) Mobil CEO Darren Woods said: “ the past presented. Exxon plans to invest $ 3 … Read more on cnbc.com most market! Company directorships: IBM ( July 2000–September 2012 ) ; American Express ( 2013–May!
Bedtime Stories Youtube, Batman Forever Batmobile, 20 Million Miles To Earth Elephant, Uses Of Scarf, The Purge: Election Year Full Movie Youtube, Printers Alley History, Mark The Shark'' Quartiano, South Sydney Rabbitohs Players 2021,
