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Exxon planning board changes under activist investor pressure: WSJ - Metro US

Exxon planning board changes under activist investor pressure: WSJ

FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York

(Reuters) – U.S. oil major Exxon Mobil Corp is planning to add one or more new board directors and stepping up its sustainability investments, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. (https://on.wsj.com/3t0ev9K)

The report said Exxon is in talks with the activist investor group D.E. Shaw about the changes.

(Reporting by Shariq Khan in Bengaluru)

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