Engine No. 1 Responds to ExxonMobil’s Board Announcement and Financial Results
Engine No. 1 Believes ExxonMobil’s Actions Further Confirm the Need for Meaningful Board Change; Objects to Underperforming Board’s Plan to Pick Its Own New Members
“A Board that has underperformed this dramatically and defied shareholder sentiment for this long has not earned the right to choose its own new members or pack itself in the face of calls for change.
“Further, today’s patchwork of announcements do not materially alter ExxonMobil’s long-term trajectory nor do they position it to succeed in a changing world. For years
“We have nominated four independent individuals who each bring a strong track record of transformative success in energy as well as their own unique set of skills and experiences that are directly relevant to the present and future of
Additional information regarding Engine No. 1’s campaign to Reenergize
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Source: Engine No. 1