Engine No. 1 Activist Presentation Deck
Excluded nominees bring little relevant experience and
track records of value destruction as Board members
Kandarian
●
3 years on board
• No commodity-linked,
manufacturing, or
technology industry
experience that
ExxonMobil itself has
called relevant for Board
service
Oberhelman
Source: Bloomberg and ExxonMobil proxy statements.
●
6 years on board
●
• Caterpillar
underperformed not just
the S&P500 and the
Industrials sector during
CEO tenure, but also
John Deere, its closest
competitor
●
Palmisano
15 years on board
IBM is widely regarded
as having been left
unprepared for changing
technology industry and
quickly lost iconic status
following CEO service
All three presided over ExxonMobil's ill-advised decision to chase oil and gas
production growth over returns by dramatically increasing capex in March 2018,
then again in 2019, and to re-affirm this strategy in 2020
REENERGIZE
EXXON//
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