ExxonMobil elects Dina Powell McCormick to Board of Directors
November 07 2023 - 8:00AM
Business Wire
Exxon Mobil Corporation announced today that Dina Powell
McCormick will join its board of directors, effective January 1.
Ms. Powell McCormick is currently vice chairman, president and
global head of Client Services at BDT & MSD Partners, an
investment and advisory firm, and previously spent 16 years at The
Goldman Sachs Group Inc., most recently as a member of its
Management Committee.
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Dina Powell McCormick (Photo: Business
Wire)
“Dina is a distinguished executive with a rare level of
geopolitical, national security and economic experience,” said
ExxonMobil Chairman and CEO Darren Woods. “She has served two U.S
presidents in diplomatic and national security roles and, more
recently, led Goldman Sachs’ sustainability efforts, a useful
combination of experiences for the ExxonMobil boardroom. She
represents the best of what this company stands for: principled
leadership and the proven ability to navigate cultural and societal
challenges and opportunities in ways that advantage all
stakeholders over the long term.”
“We welcome Dina to the ExxonMobil Board as the company executes
its strategy to grow shareholder value by playing a critical role
in a lower-emissions future, even as we continue to provide the
reliable energy and products the world needs,” said Joseph Hooley,
lead independent director for Exxon Mobil Corporation. “ExxonMobil
will greatly benefit from her global leadership and distinguished
reputation as a leader who understands a challenging and changing
global marketplace.”
Prior to the private sector, Ms. Powell McCormick served for
over a dozen years in senior roles in the United States Government,
including as Assistant to the President for Presidential Personnel,
Assistant Secretary of State and Undersecretary for Public Affairs
and Public Diplomacy, and Deputy National Security Advisor.
At Goldman Sachs, Ms. Powell McCormick led the firm’s global
sovereign business driving the firm’s efforts with large global
institutional investors. She also led the firms impact investing
businesses including a $750 billion investment fund focused on new
sources of sustainable energy and inclusive growth economic
development programs in underserved communities. She also was a
member of the firm’s Management Committee and the Firmwide Client
and Business Standards Committee.
Ms. Powell McCormick currently serves as chairman of the Robin
Hood Foundation Board, Trustee of the National Geographic Society
Board, Trustee of the Lincoln Center for the Performing Arts,
Trustee of Mt. Sinai Health System and member of the Board of the
Atlantic Council.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international
energy and petrochemical companies, creates solutions that improve
quality of life and meet society’s evolving needs.
The corporation’s primary businesses - Upstream, Product
Solutions and Low Carbon Solutions – provide products that enable
modern life, including energy, chemicals, lubricants, and lower
emissions technologies. ExxonMobil holds an industry-leading
portfolio of resources, and is one of the largest integrated fuels,
lubricants, and chemical companies in the world. ExxonMobil also
owns and operates the largest CO2 pipeline network in the United
States. In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas
emission-reduction plans for 2030 for operated assets, compared to
2016 levels. The plans are to achieve a 20-30% reduction in
corporate-wide greenhouse gas intensity; a 40-50% reduction in
greenhouse gas intensity of upstream operations; a 70-80% reduction
in corporate-wide methane intensity; and a 60-70% reduction in
corporate-wide flaring intensity.
With advancements in technology and the support of clear and
consistent government policies, ExxonMobil aims to achieve net-zero
Scope 1 and 2 greenhouse gas emissions from its operated assets by
2050. To learn more, visit exxonmobil.com and ExxonMobil’s
Advancing Climate Solutions.
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Cautionary Statement
Statements of future events or conditions in this release are
forward-looking statements. Actual future results, including
project plans, schedules, capacities, production rates, and
resource recoveries could differ materially due to: changes in
market conditions affecting the oil and gas industry or long-term
oil and gas price levels; political or regulatory developments
including obtaining necessary regulatory permits; reservoir
performance; the outcome of future exploration efforts; timely
completion of development and construction projects; technical or
operating factors; and other factors cited under the caption
“Factors Affecting Future Results” on the Investors page of our
website at exxonmobil.com and under Item 1A. Risk Factors in our
annual report on Form 10-K. References to “recoverable resources,”
“oil-equivalent barrels,” and other quantifies of oil and gas
include estimated quantities that are not yet classified as proved
reserves under SEC definitions but are expected to be ultimately
recoverable. The term “project” can refer to a variety of different
activities and does not necessarily have the same meaning as in any
government payment transparency reports.
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