48.36 -0.06. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. To avoid any potential conflict of interest, Directors will not accept a seat on any additional public company board without first notifying the Lead Director and the Chairman of the Board. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. The Corporate Secretary will also coordinate any requests from stockholders for additional communications with the Lead Director. As of March 15, 2021, Geagea was Chevron's third-largest individual shareholder . subscribe to our newsletter to receive news and updates. These duties and responsibilities are set forth below as a guide to the Committee with the understanding that the Committee may alter or supplement them as directed by the Board of Directors or as appropriate under the circumstances to the extent permitted by applicable law or listing standard. MANAGING DIRECTOR, SHELL NIGERIA EXPLORATION AND PRODUCTION COMPANY LIMITED. Mr. Diaz served as President, Chief Executive Officer and Chairman of the Board of Directors of Mitsubishi Motors North America, Inc. from April 2018 to April 2020 and as General Manager, Performance Optimization Global Marketing and Sales of Mitsubishi Motors Corporation in Tokyo, Japan from July 2017 to April 2018. Non-employee Directors may not stand for re-election after reaching age 74. Subscribe to our newsletter to receive news & updates. Chairman of the Board and Chief Executive Officer, The Board has four standing Committees: Audit, Board Nominating and Governance, Management Compensation, and Public Policy and Sustainability. They should have sufficient time to effectively carry out their duties. Get a free, personalized salary estimate based on today's job market. performance," while Chevron's web site states that board oversight is among the "foundational elements" of the company's "climate -related governance." 8. She was both the first woman, and the first African-American, to hold this position. CEO Pay Ratio. Administer, and where appropriate, delegate authority to administer the executive compensation plans of the Corporation; Maintain sole discretionary authority to interpret provisions of the executive compensation plans; Establish all rules necessary or appropriate for implementing and conducting the executive compensation plans; Determine, as applicable in connection with the Corporation's executive compensation plans such matters as: eligibility for participation; the amount and timing of benefits; persons to receive awards; the amount, form and other conditions of awards; the creation and issuance of rights or options entitling holders thereof to purchase stock from the Corporation; or when appropriate authorize the purchase by the Corporation of its stock for allocation to the accounts of persons to whom such shares have been awarded; Carry out the clawback and forfeiture provisions of compensation plans for which the Committee is the administrator; Administer existing grants under legacy executive compensation plans assumed by the Corporation; Administer other executive compensation plans that may be adopted from time to time; Recommend incentive-compensation plans and policies and equity-based plans and policies to the Board of Directors; Provide necessary approval to qualify for exemptions as may be established by the Securities and Exchange Commission under section 16 of the Exchange Act; Provide necessary determinations in connection with executive compensation to qualify for tax deductions under the grandfather rule of the Tax Cuts and Jobs Act that are exempt from the deduction limitations under section 162(m) of the Internal Revenue Code; and. The Board oversees the Corporation's strategic and business planning process. purpose. The estimated total pay for a Operator at Chevron is $74,449 per year. The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. WASHINGTON, February 2, 2022 - The American Petroleum Institute (API) today announced that Chevron Chairman and CEO Mike Wirth will serve as chairman of API's Board of Directors for a two-year term. The average salary for a Director is $129,357 per year in United States, which is 66% lower than the average Chevron salary of $386,010 per year for this job. Still provides a pension, while most employers do not. A majority of the Board consists of independent Directors, as defined by the New York Stock Exchange. Dr. Moyo is on the board of the following organizations in addition to 3M: Chevron Corporation and Conde Nast. If any nominee is unable to serve as a Director, the Board may reduce the number of Directors or choose a substitute. Browse 6 Executive Assistant to Board Director vacancies live right now in Mid Glamorgan The Board Nominating and Governance Committee and the Board review these Corporate Governance Guidelines and related corporate governance documents at least annually and revise as appropriate. The Corporate Secretary will compile the communications, summarize lengthy or repetitive communications and forward to the Lead Director or the independent Directors. . Review the peer group(s) used to evaluate or benchmark executive compensation levels, design practices and relative performance. Energy that is affordable, reliable and ever-cleaner. How much do Chevron employees make? The proxy statement includes footnotes and explanations of this information plus other information that is pertinent in assessing the overall value and appropriateness of the compensation information. Find Contract Board Level jobs in Dunseverick and apply now on NIjobs.com, Northern Ireland's leading job site for Contract Board Level jobs in Dunseverick. The Board and each Board Committee have the right at any time to retain outside financial, legal or other advisors. Any Committee member may resign effective upon giving oral or written notice to the Chairman of the Board of Directors, the Corporate Secretary or the Board of Directors (unless the notice specifies a later time for the effectiveness of such resignation). The board of directors is made up of seven men and two women who have come under fire in recent months due to an alleged lack of independence. The Board of Directors of Chevron directs the affairs of the corporation and is committed to sound principles of corporate governance. Review and approve corporate goals and objectives relevant to the compensation of the Chief Executive Officer and other executive officers appraised above PSG 30 (the other executive officers); Evaluate in conjunction with the Board Nominating and Governance Committee the Chief Executive Officers performance in light of such goals and objectives at least annually and communicate the results to the independent Directors of the full Board of Directors; Recommend the amount and basis for the Chief Executive Officers compensation levels based on the evaluation in (b) above (including annual salary, bonus, equity awards and other direct and indirect benefits), with review and approval by the independent Directors of the full Board of Directors; Set the other executive officers compensation levels (including annual salary, bonus, equity awards and other direct and indirect benefits) with review and ratification by the independent Directors of the full Board of Directors; In determining the long-term incentive component of the Chief Executive Officers and other executive officers' compensation, consider, among other items, the Corporation's performance and relative stockholder return, the value of similar incentive awards to chief executive officers and other executive officers at comparable companies and the compensation provided to the Corporations Chief Executive Officer and other executive officers in the past; Establish and modify the terms and conditions of current and prospective employment of executive officers of the Corporation, by contract or otherwise; Review new executive compensation programs; Monitor executive compensation programs to determine whether they are properly coordinated and achieving their intended purpose, including whether they are providing for payments and benefits that are reasonably related to executive and corporate performance and comparable to programs of peer companies; Establish and periodically review policies for the administration of executive compensation programs; Assess periodically stock ownership guidelines for executive officers and the executive officers ownership relative to these guidelines, and make recommendations as appropriate; Review, discuss and approve a compensation philosophy for executive officers that is aligned with the Corporations business strategy and stockholder interests and designed to provide competitive pay opportunities; and. The Committee may appoint a Secretary whose duties and responsibilities shall be to keep full and complete records of the proceedings of the Committee and to perform all other duties as may from time to time be assigned to him or her by the Committee, or otherwise at the direction of a Committee member. Chevron's Board committeemembership is shown below. executive summary climate change resilience report, new energies: growing our lower carbon businesses, http://www.chevron.com/investors/corporate-governance, board nominating and governance committee, public policy and sustainability committee. Below is a summary of our committee structure and membership information. Directors interact with members of management and other employees in connection with Board meetings, briefings, dinners, receptions, and tours of company operations and facilities or at the request of a Director. $65,191. The world's second-richest person hasn't taken a cash salary since 2019 - when he was paid just $23,760 to comply with the minimum wage laws . 4 salaries reported, updated at September 21, 2020. Bruce Chinn is president and chief executive officer of Chevron Phillips Chemical, a global petrochemical joint venture with a top-quartile safety record and 2021 revenue of more than $14 billion. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. (including annual salary, bonus, equity awards and other direct and indirect benefits), with review and approval by the independent Directors of the full Board of Directors; . As a member of Board of Directors at CHEVRON CORP, Jon M. Huntsman, Jr. made $375,492 in total compensation. League of California Cities: CAROLYN COLEMAN, Executive Director. Additional pay could include bonus, stock, commission, profit sharing or tips. $37,500 was received as options, These guidelines have been adopted by the Chevron Board of Directors. The Committee shall report regularly to the full Board of Directors with respect to its activities. Chevron has always put people at the center of the energy conversation. $0 was received as options, He joined Texaco Cameroon in 1987 and was seconded to Texaco Nigeria Limited in 1998, where he held various positions of increasing responsibility within the organization (Texaco - ChevronTexaco-Chervron West-Africa) till 2008 when he was appointed Managing Director of Chevron Ivory Cost in Abidjan. Toggle Controversies subsection 5.1 Lago Agrio and Steven Donziger. The Board Nominating and Governance Committee will review and recommend to the Board the action, if any, to be taken with respect to the offer of resignation. P.O. The lowest-paying job at Chevron is a Cashier with a salary of $36,136 per year. Total Named Director Compensation: The sum of all dollar values above. As a member of Board of Directors at CHEVRON CORP, As a member of Board of Directors at CHEVRON CORP , John B. Frank made $385,492 in total compensation. An early career Member of the Board of Directors with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $42,500 based on 9 salaries. . Rice made $85,444 in total compensation. Ford creates top role for ex-presidential candidate Jon Huntsman with $1M salary. (ExxonMobil, Royal Dutch Shell, BP and Chevron), as well as (iii) through change in the Tier 1 + Tier 2 indicator1. Director since 2018. The Board has also established stock ownership guidelines for executive officers of the Corporation. If a majority of the independent Directors conclude that it would be detrimental to the best interests of the Corporation and the holders of the majority of the shares of its common stock to defer the effectiveness of a stockholder rights plan until stockholder approval of the plan can be obtained, then the Board may implement a rights plan prior to obtaining stockholder approval. Mr. Fusco was recruited by Calpine's key shareholders in 2008, just as that company was emerging from bankruptcy. From November 2002 to March 2004, he was also Chair of the Board of WorldCom, and he continued to serve as a member of the board of directors of MCI until January 2006. 2001 2023 Chevron Corporation. The purpose of the Management Compensation Committee (the "Committee') of the Board of Directors of Chevron Corporation (the "Corporation") is: . The Executive Committee of Shell plc is led by Chief Executive Officer (CEO) Wael Sawan. Current positions in excess of these limits may be maintained unless the Board Nominating and Governance Committee determines that doing so would impair the Director's service on the Corporations Board. $0 was received as non-stock incentive plan compensation, US oil giants ExxonMobil and Chevron have suffered shareholder rebellions from climate activists and disgruntled institutional investors over their . 2 salaries reported, updated at April 1, 2022. Love your next job. Estimated salaries Data source tooltip for average base salary. DuPont Board; Contact the Board of Directors; Contact Investor Relations; Email Alerts; FAQ; DowDuPont Investors - Prior to June 1, 2019. Board Committee members shall be appointed annually by the Board upon the recommendation from the Board Nominating and Governance Committee. The average Chevron hourly pay ranges from approximately $17 per hour for a Cashier to $184 per hour for a Director. Chevron shareholders approved the slate of directors and executive pay by 96% and 94% votes, respectively, although they voted heavily in favor of other proposals Chevron had opposed. $225,000 was awarded as stock and ; 71% of the management team is White. In such a case, the Board will submit the stockholder rights plan to stockholders for approval at the first meeting of stockholders for which a record date passes after the adoption of the stockholder rights plan. Non-Stock Incentive Plan Compensation: Cash compensation earned for the achievement of predefined objectives. The agendas for Board meetings provide opportunities for the operating heads of the major businesses of the Corporation to make presentations to the Board. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Previously, Mr. Capellas was President of Hewlett-Packard Company . pdf opens in new window. We believe in the power of humanity to solve any challenge, to overcome any obstacle, and to find responsible solutions that work for all of us. notice re: updated business conduct and ethics code. The Board Nominating and Governance Committee reviews and approves the election of any employee Director to outside, for-profit board positions. . Know Your Worth. In conducting this assessment, the Committee particularly considers leadership experience in business as a chief executive officer, senior executive or leader of significant business operations; experience leading business transformation; expertise in science, technology, engineering, research, or academia; extensive knowledge of governmental, regulatory, legal, or public policy issues; expertise in finance, financial disclosure, or financial accounting; global business or international affairs experience; environmental experience (including with respect to climate change issues); public company board service; and diversity, of age, gender, and ethnicity, and such other factors as it deems appropriate given the current and anticipated needs of the Board and the Corporation, to maintain a balance of knowledge, experience, background, and capability. The current directors of Oando PLC are as follows: In addition, the Board has determined that the following relationships of Chevron Directors occurring within the last fiscal year are categorically immaterial if the relevant transactions are conducted in the ordinary course of business: The Board makes an affirmative determination regarding the independence of each Director annually, based upon the recommendation of the Board Nominating and Governance Committee. . $10,492 came from other types of compensation. Of this total $190,000 was received as fees earned or paid in cash, $0 was received as non-stock incentive plan compensation, $0 was received as change in pension value and nonqualified deferred compensation earnings, $0 was received as options, $225,000 was awarded as stock and $10,492 came . The succession planning process includes consideration of both ordinary course succession, in the event of planned promotions and retirements, and planning for situations where the CEO or another member of senior management unexpectedly become unable to perform the duties of their positions. Wirth, who also serves as chairman of Chevron's board of directors, was named CEO in February 2018 after a more than 30-year career at the San Ramon, California-headquartered oil major. She will serve on the Audit Committee of the Board. Interested parties wishing to communicate their concerns or questions about Chevron to the Lead Director or to any other Independent Director may do so bymail to: Lead Director or Independent Directors The Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries, directed to Independent Directors. All rights reserved. We strive to enable human progress in a sustainable manner to serve the worlds growing population and create a better future. Corporations compensation policies and practices with stockholders interests. The Board of Directors oversees and provides policy guidance on the business and affairs of the Corporation. If stockholder approval is not obtained, the rights plan would terminate not later than 30 days after the vote has been certified by the inspector of elections. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. The Chairperson shall determine the agenda and shall have unlimited access to management and information. Nigeria. 4.5 Current Board of directors. The Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries, directed to Independent Directors. This report is not for commercial use. The Board Nominating and Governance Committee engages in succession planning for the Board and key leadership roles on the Board and its Committees. Were working together to provide energy that drives human progress. Stock Awards: Compensation paid in the form of company equity that is structured as restricted stock. The Board and each Board Committee conduct a self-evaluation annually. Our strong results come from empowering our people. All proxy statements are public filings made available to the general public by the SEC. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. Jim was appointed President of Solar Turbines and Vice President of . In making its determination concerning the absence of a material relationship, the Board adheres to all of the specific tests for independence included in the New York Stock Exchange listing standards. The Board dedicates at least one Board meeting each year to focus on strategic planning. The information shown here is a reporting of information included in the company's proxy statement. The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. The Board will obtain stockholder approval of any stockholder rights plan. 475:1. We believe in the power of humanity to solve any challenge, to overcome any obstacle, and to find responsible solutions that work for all of us. Each year the Board reviews the long-term strategic plan for the Corporation and the principal issues that the Corporation expects to face in the future. Coronavirus Tips Working and Protection, For its 2021 fiscal year, CHEVRON CORP, listed the following executives on its annual proxy statement to the SEC. CEO Pay. . Chevron has always put people at the center of the energy conversation. 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