Exxon director calls activist campaign, ESG pressures a ‘tidal wave’ – speech
7:54 pm Wednesday, June 02nd, 2021
(Reuters) – Exxon Mobil Corp 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.
(Reporting by Jennifer Hiller; Editing by Chris Reese)
