Business

Exxon adds activist investor Jeffrey Ubben to board

Top U.S. oil producer Exxon Mobil Corp said on Monday it added activist investor Jeff Ubben and Comcast Corp's former chief financial officer, Michael Angelakis, to its board.

FILE PHOTO: FILE PHOTO: View of the Exxon Mobil refinery in Baytown, Texas
FILE PHOTO: FILE PHOTO: A view of the Exxon Mobil refinery in Baytown, Texas September 15, 2008. REUTERS/Jessica Rinaldi/File Photo/File Photo

Bookmark

REUTERS: Top U.S. oil producer Exxon Mobil Corp said on Monday it added activist investor Jeff Ubben and Comcast Corp's former chief financial officer, Michael Angelakis, to its board.

The appointments come after Tan Sri Wan Zulkiflee Wan Ariffin, a former chief executive officer of Malaysian state energy firm Petronas, joined Exxon's board last month.

Exxon has come under immense pressure from investors after years of declines in its stock, which has underperformed its closest U.S. rival, Chevron Corp, by a long margin in the last five years.

(Reporting by Arundhati Sarkar in Bengaluru; Editing by Sriraj Kalluvila)

Source: Reuters