(Reuters) -Exxon Mobil Corp shareholders elected a third director nominated by hedge fund Engine No. 1 to the oil company’s board, the company said on Wednesday, extending the new firm’s upset victory at one of America’s most iconic corporations.
Engine No. 1 nominee Alexander Karsner, a strategist at Google owner Alphabet Inc, won the third seat, according to a regulatory filing. Exxon board member and former Caterpillar CEO Douglas Oberhelman was also elected, the company said.
Existing directors Steven Kandarian, Samuel Palmisano and Wan Zulkiflee will exit the 12-person board, the filing said.
The tallies are preliminary still as the counting continues one week after Exxon’s annual meeting, where shareholders dealt a blow to management by electing the hedge fund’s nominees and joining in the critique of company for its lack of a clean energy strategy and for lagging financial returns.
(Reporting by Ankit Ajmera in Bengaluru, Svea Herbst-Bayliss and Jennifer Hiller; Editing by Anil D’Silva and Aurora Ellis)
