ExxonMobil (NYSE: XOM) announced Wednesday that it had updated preliminary results for the election of directors at its annual meeting of shareholders, whi.
Oil and gas giant Exxon Mobil Corporation (ExxonMobil)’s shareholders' preliminary voting points towards ousting former Petroleum Nasional Bhd (Petronas) president and group chief executive officer (CEO) Tan Sri Wan Zulkiflee Wan Ariffin as a board director, just four months after he was appointed to the now 12-member board.
In the hotly contested board director election at ExxonMobil, activist hedge fund Engine No. 1 prevailed. Two of their nominees, Greg Goff and Kaisa Hietala, were elected. This is a stunning rebuke from investors to the company for its unwillingness to adapt its strategy for the energy transition.