06-03-2021, 05:31 PM
PETALING JAYA: Wan Zulkiflee Wan Ariffin, the former chief executive officer of national oil company Petronas, will be removed from ExxonMobil’s board after being rejected by voters.
The ouster comes just three months after his appointment in February this year, which made him the first non-American member of the board.
According to industry newsletter Energy Voice, Wan Zulkiflee’s exit came after ExxonMobil activist investor Engine No. 1 expanded its presence on the US oil giant’s board to three seats, according to preliminary vote tallies.
Meanwhile, a source with knowledge on the matter said Wan Zulkiflee was among three directors who were considered as not being a right fit for the board.
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