D. E. Shaw Group Welcomes ExxonMobil’s (XOM) Announcements
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Exxon names Ubben, Angelakis to board amid investor pressure for change
March 1, 2021 8:51 AM ESTBy Svea Herbst-Bayliss and Jennifer Hiller
(Reuters) - Exxon Mobil Corp on Monday named activist investor Jeffrey Ubben and former Comcast executive Michael Angelakis to its board amid a push by prominent shareholders for it to focus more on clean energy and improve its financial performance.
Exxon has fended off attempts in the past to get it to change its policies and leadership, but pressure has mounted since the top U.S. oil producer posted a historic annual loss for 2020 after the coronavirus pandemic slashed energy demand.
The company responded by reducing the value of its... More
ExxonMobil (XOM) Confirms it is Adding Michael Angelakis and Jeffrey Ubben to Board
March 1, 2021 8:31 AM ESTExxonMobil (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 Corporations vice chairman and chief financial officer. In those roles, Angelakis led strategic planning, capital allocation and corporate development, including overseeing Comcasts successful transition into... More
ExxonMobil (XOM) to add Jeff Ubben and Mike Angelakis to board - CNBC's Faber
March 1, 2021 8:16 AM ESTExxonMobil (NYSE: XOM) to add Jeff Ubben and Mike Angelakis to board - CNBC's Faber
... More