Finance Expert Elected to Exxon Board
Exxon Mobil Corporation revealed Tuesday that Joseph L. Hooley has been elected to the company’s board of directors, effective January 1, 2020.
Hooley currently serves as the non-executive board chairman of State Street Corporation and was its chief executive officer from 2010 to 2018. Exxon describes State Street as one of the world’s leading providers of financial services to institutional investors.
With the election of Hooley, the Exxon board stands at 11 directors, 10 of whom are non-employee directors. Not counting Hooley, the Exxon board comprises the following people, according to the company’s website:
- Susan K. Avery
- Angela F. Braly
- Ursula M. Burns
- Kenneth C. Frazier
- Steven A. Kandarian
- Douglas R. Oberhelman
- Samuel J. Palmisano
- Steven S. Reinemund
- William C. Weldon
- Darren W. Woods
“Hooley’s previous experience leading a large global financial services organization, along with operational and risk management expertise, will bring valuable skills to the ExxonMobil board,” Exxon said in a company statement posted on its website.
Exxon describes itself as the largest publicly traded international oil and gas company. Earlier this month, the company announced estimated third quarter 2019 earnings of $3.2 billion.
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