Activist Investor Wins Third Exxon Board Seat ...Middle East

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Activist Investor Wins Third Exxon Board Seat
source : OILPRICE ( Middle East ) () 13
Activist investor hedge fund Engine No.1 has won a third seat on the supermajor’s board of directors in an unprecedented shift of shareholder sentiment in the oil and gas industry. “We look forward to working with all of our directors to build on the progress we’ve made to grow long-term shareholder value and succeed in a lower-carbon future,” said Darren Woods, chairman and chief executive of Exxon. “We thank all shareholders for their engagement and participation, and their ongoing support for our company.”…

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