Exxon adds Boeing Chairman Kellner and former Raytheon International CEO Harris to expanded board

https://seekingalpha.com/news/3913725-exxon-adds-kellner-harris-to-expanded-board

By: Carl Surran, SA News Editor

Exxon Mobil (NYSE:XOM) said Friday that Boeing chairman and former Continental Airlines CEO Larry Kellner and former Raytheon International CEO John Harris II have joined its board, the company's first new directors since the Engine No. 1 campaign in May 2021.

The board has expanded to 13 directors, 12 of which are independent, Exxon (XOM) said.

Exxon (XOM) said the new directors "bring critical skills, experience as the company executes its strategy in the evolving energy transition."

Led by its African projects, Exxon Mobil (XOM) "will move from being an income vehicle to slowly become an income and growth vehicle in the future," Long Player writes in an analysis newly published on Seeking Alpha.

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12 replies (most recent on top)

Boeing bought McDonnell Douglas, but the MD executives ended up taking over. Hence the moniker that McDonell Douglas bough Boeing with Boeing's money. MD was in trouble due to poor management and Boeing bought them. Boeing used to be run by PhD engineers near the source of production. MD took over with business minded people and a focus on shareholders. Then, dictated technical decisions to airplane designers and moved the HQ away from airplane production.

Praying these are not the Engine 1 types! They need to ride out they way they rode in and don't look back. Dilute away!

Refineries go bo-m a la 737 max style

@qri+1k0XClw4 Boeing took over McDonnell Douglas, not the other way around. Boeing went bad because the company quit focusing on engineering and focused on the numbers. Kellner and the newish Boeing CEO took over from the leaders that screwed the pooch on the 737 MAX

Its simply a way to dilute the voting power of the Engine1 board members who might vote against DW.

Just what we need. More overpaid executives. Hooray! Are they reducing the pay of the other executives who couldn’t get it done without help?

Board members with aircraft and defense experience can help Exxon position themselves to make a ton of money when the U.S. gets into their next war.

The company needs to be leveraging more diversity in socks?

More "SOCKS" type?

@qri+1k0XClw4 WTF do you know about selecting people for board positions?

Friends helping friends

Not only is Exxon making all the mistakes of Boeing when McDonnell Douglas took over, but they're even adding a Boeing executive to the board to really drive it home. 737 Max, here we go! WTF do these people know about energy?

Thread regarding ExxonMobil Corp. layoffs

Exxon adds Boeing Chairman Kellner and former Raytheon International CEO Harris to expanded board

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