Activist Hedge Fund Wins 3 Exxon Board Seats

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ExxonMobil Corp. late Wednesday announced its new board makeup, which will include three members appointed by activist hedge fund Engine No. 1. Exxon said that based on preliminary results from its shareholder meeting last week, nine people nominated by Exxon will be elected, and three Engine No. 1 nominees will be elected. "We look forward to working with all of our directors to build on the progress we've made to grow long-term shareholder value and succeed in a lower-carbon future," Chief Executive Darren Woods said in a statement.

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