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Article: United States: Head of Exxon Mobil to keep two titles.
- Article from:
- TendersInfo
- Article date:
- May 29, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: mohammed05
Rex Tillerson will retain the titles of both chairman and chief executive at Exxon Mobil Corp. after the failure Wednesday of a highly public push led by the Rockefeller family to separate the jobs at the world's biggest publicly traded oil company.
Stripping Tillerson of the chairman's job in favor of an independent director was the main focus of Irving, Texas-based Exxon Mobil's annual shareholder meeting.
In the end, the measure got the support of only 39.5% of shareholders, slightly less than last year's 40%, despite a hard push by descendants of John D. Rockefeller, founder of Exxon Mobile predecessor Standard Oil Corp. ...