- Update 8:40am: Exxon confirms earlier report, updates shares.
- Exxon Mobil (NYSE:XOM) announced it will add Jeff Ubben and Mike Angelakis to its board, confirming an earlier report from CNBC's David Faber.
- Exxon Mobil gained 3.7% in premarket trading.
- Exxon Mobil investor D.E. Shaw is expected to be supportive of the appointments, Faber said.
- Ubben was formerly the co-founderof activist ValueAct Capital, before launching Inclusive Capital Partners last year, where he is focused on ESG. Angelakis is chairman/CEO of Atairos and previously served as CFO of Comcast.
- With the election of Angelakis and Ubben, the Exxon Mobil board increased to 13 directors, 12 of whom are independent
- Recall Feb. 22, Exxon activist shareholder to push for net-zero emissions goal.
- Recall Feb. 4, Exxon considers Ubben for board seat - Bloomberg.