Exxon director calls activist campaign, ESG pressures a 'tidal wave' - speech
Reuters
Published Jun 02, 2021 06:55PM ET
Updated Jun 02, 2021 07:55PM ET
(Reuters) - Exxon Mobil Corp (NYSE:XOM) Director Ursula Burns called environmental pressures and the successful activist campaign to gain board seats at the biggest U.S. oil producer a "tidal wave" in a speech on Wednesday.
"The timing was perfect," said Burns, who spoke at a Federal Reserve Bank of Dallas virtual event.
Exxon shareholders elected three directors nominated by hedge fund Engine No. 1 to the company's board.
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Written By: Reuters
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