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Exxon Is Said to Be in Talks With D.E. Shaw on New Directors

  • Investor presented the oil company with a list of candidates
  • Exxon said Tuesday it appointed ex-Petronas CEO to its board
An Exxon Gas Station Ahead Of Earnings Figures
Photographer: Callaghan O'Hare/Bloomberg
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Exxon Mobil Corp. is in talks with investor D.E. Shaw & Co. that may lead to additional director nominations in the weeks ahead, according to people familiar with the matter.

D.E. Shaw met with representatives from the oil giant on Friday and presented a list of potential directors, the people said, asking not to be identified because the discussions are private. Exxon agreed to review the candidates, and has extended the deadline for D.E. Shaw to formally nominate directors in order to allow the talks to continue, they said.