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. A relationship arising solely from a Director's ownership of an equity or limited partnership interest in a party that engages in a transaction with Chevron, so long as the Director's ownership interest does not exceed two percent of the total equity or partnership interest in that other party. The estimated total pay for a Operator at Chevron is $74,449 per year. Subscribe to our newsletter to receive news & updates. Employee Directors are not paid additional compensation for their services as Directors. In all cases, the Chief Executive Officer and any other such officers shall not be present at meetings during the time when their compensation or performance is discussed or determined. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. The proceedings and deliberations of the Board and its Committees are confidential. 5 Controversies. .css-r1m4lw{background-color:#20262e;border-radius:50%;}.css-r1m4lw > svg > path{fill:#fff;}Add your salary. This report is not for commercial use. The Corporation also provides ongoing Director education through presentations at Board and Committee meetings and Board briefings. Jon Huntsman Jr., who ran against Mitt Romney in 2012 for the GOP presidential nomination, has rejoined the board of . Chevron's Board committeemembership is shown below. Director since 2018. A worker with the title team leader salary at Chevron can earn an average yearly salary of $151,958. All rights reserved. Estimated salaries Data source tooltip for average base salary. 2001 2023 Chevron Corporation. As a member of Board of Directors at CHEVRON CORP, Jon M. Huntsman, Jr. made $375,492 in total compensation. To perform such other duties and responsibilities enumerated in and consistent with this Charter. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. 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. Executive Assistant to Director of the Board jobs in Wetteren. The Committee shall perform such other activities and functions related to executive compensation as may be assigned from time to time by the Board of Directors, including, but not limited to, reviewing and discussing, the Corporations strategies and supporting processes for executive retention and diversity and preparing or causing to be prepared any reports or other disclosure required with respect to the Committee by any applicable proxy or other rules of the Securities and Exchange Commission or any applicable listing standards. Former Member, Rural Human Services Board of Directors 1987-2004 Former Member, Humboldt State University President's Advisory Board 1983-1996 Community Service New Board Of Directors jobs added daily. The Corporation has and will continue to maintain the Business Conduct and Ethics Code. Austin also served as interim president for the University of Southern California, following the resignation of C. L. Max Nikias. certificate of incorporation Read what they think about their salaries on our Compensation FAQ page for , Get started with your Free Employer Profile, Facilities Engineer salaries - 184 salaries reported, Petroleum Engineer salaries - 171 salaries reported, Software Engineer salaries - 117 salaries reported, Programmer Analyst salaries - 116 salaries reported, Financial Analyst salaries - 113 salaries reported, Reservoir Engineer salaries - 111 salaries reported, Process Engineer salaries - 105 salaries reported, Business Analyst salaries - 91 salaries reported, Project Manager salaries - 86 salaries reported, Customer Service Representative salaries - 69 salaries reported, Drilling Engineer salaries - 69 salaries reported, IT Professional salaries - 62 salaries reported, Reservoir Simulation Engineer salaries - 58 salaries reported, Research Scientist salaries - 53 salaries reported, Geologist salaries - 50 salaries reported, Sales Associate/Cashier salaries - 49 salaries reported. Of this total 6 See also. They bring a proven track record of success across a broad range of experiences at the policymaking level in business; expertise in science, technology, engineering, research or academia; extensive knowledge of governmental, regulatory, legal or public policy . 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 estimated total pay for a Director at Chevron is $386,010 per year. Notable past and present roles: Berkshire director (2020 - present); General Catalyst chairman and managing director (2018 - present); American Express CEO (2001 - 2018); Facebook director (2018-2020) The "Most Likely Range" represents values that exist within the 25th and 75th percentile of all pay data available for this role. Any such communication may be made on a confidential or anonymous basis, but all communications should contain sufficiently specific information to permit the Audit Committee to pursue the matter. The Lead Director will chair all meetings of the Board in the Chairmans absence, chair the executive sessions, lead non-management Directors in an annual discussion of the performance evaluation of the CEO as well as communicate that evaluation to the CEO, oversee the process for CEO succession planning, lead the Boards review of the Board Nominating and Governance Committees assessment and recommendations from the Board self-evaluation process, lead the individual Director evaluation process, serve as a liaison between the Chairman and the independent Directors, consult with the Chairman on and approve agendas and schedules for Board meetings and other matters pertinent to the Corporation and the Board, be available to advise the Committee chairs of the Board in fulfilling their designated roles and responsibilities, and participate in the interview process for prospective directors with the Board Nominating and Governance Committee. Mr. Fusco served as a member of the board of directors of Calpine from August 2008 until March 2018, when the sale of Calpine to an affiliate of Energy Capital Partners and a consortium of other investors was completed. $68,750 . This report is not for commercial use. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Oando's Board of Directors serve as the prudent fiduciary for shareholders and is responsible for proper management of the Company. subscribe to our newsletter to receive news and updates. Jim was appointed President of Solar Turbines and Vice President of . 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. Our strong results come from empowering our people. SAN RAMON, Calif. & AMES, Iowa, February 28, 2022--Chevron Corporation (NYSE: CVX) and Renewable Energy Group, Inc. (NASDAQ: REGI) ("REG") announced today a definitive agreement under which . Mandatory retirement for employee Directors is age 65. Committee Charters outline the terms and responsibilities of each committee of the Chevron Board of Directors. The Audit Committee assists the Board of Directors in ensuring that the corporations financial statements are properly audited, that the corporation maintains an effective internal audit function and that the corporation complies with legal and regulatory requirements, among other duties. Email Chevron's Board at corpgov@chevron.com. The Board of Directors of Chevron directs the affairs of the corporation and is committed to sound principles of corporate governance. Thorough reviews have been conducted to assure this data accurately reflects disclosures. A proxy statement (or "proxy") is a form that every publicly traded U.S. company is required to file with the U.S. Securities & Exchange Commission (SEC) within 120 days after the end of its fiscal year. Get the right Board of directors job with company ratings & salaries. . $0 was received as non-stock incentive plan compensation, 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. The Board Nominating and Governance Committee reviews the Boards leadership structure annually and in planning for a leadership transition, and recommends changes to the Board of Directors as appropriate. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. The average Chevron salary ranges from approximately $36,136 per year for, Chevron employees attributed a compensation and benefits rating of 4.0/5 stars to their company. 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. 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. ; 71% of the management team is White. The Board Nominating and Governance Committee engages in succession planning for the Board and key leadership roles on the Board and its Committees. Company profile for Honeywell Flour Mills PLC including key executives, insider trading, ownership, revenue and average growth rates. 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. As part of the evaluation, the Committee also invites input on individual director performance. Independent Directors meet in executive session at each regularly scheduled Board meeting. Wanda M. Austin (born 1954) is a former president and CEO of The Aerospace Corporation.She was both the first woman, and the first African-American, to hold this position. The estimated additional pay is $188,449 per year. The Board Nominating and Governance Committee reviews and approves the election of any employee Director to outside, for-profit board positions. Love your next job. All rights reserved. The Lead Director will have the authority to call meetings of the independent Directors and will be available as appropriate for consultation and direct communication with major stockholders. The Board is made up of eleven (11) individuals from diverse academic and professional backgrounds of which six (6) are non-executive directors. All recommendations are brought to the attention of the Board Nominating and Governance Committee. See the full leadership team at Craft. The Board will obtain such approval prior to the implementation of a stockholder rights plan, except in the following limited circumstance. Executives are expected to achieve targets within five years of assuming their positions. League of California Cities: CAROLYN COLEMAN, Executive Director. 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. performance," while Chevron's web site states that board oversight is among the "foundational elements" of the company's "climate -related governance." 8. Managing Director at Nigerian National Petroleum Corporation (NNPC)/ Pioneer Keynote Event Speaker. $0 was received as change in pension value and nonqualified deferred compensation earnings, Of this total $150,000 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 $492 . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. Total Named Director Compensation: The sum of all dollar values above. Were working together to provide energy that drives human progress. Committees. ELOHOR AIBONI. You may also find the annual proxy statement by going directly to the company's website. To be considered independent, a Director must be determined by the Board, after recommendation by the Board Nominating and Governance Committee and after due deliberation, to have no material relationship with the Company other than as a Director. Chevron Corporation is an American multinational energy corporation predominantly in oil and gas. Thorough reviews have been conducted to assure this data accurately reflects disclosures. The estimated base pay is $60,172 per year. (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; . Directors serve for a one-year term and until their successors are elected. All rights reserved. The Corporation maintains a list of continuing director education opportunities and all directors are encouraged to periodically attend, at Company expense, director continuing education programs offered by various organizations. The chart on this page features a breakdown of the total annual pay for John B. Frank at CHEVRON CORP as reported in their proxy statements. The chart on this page features a breakdown of the total annual pay for Ronald D. Sugar at CHEVRON CORP as reported in their proxy statements. The entire Committee or any individual Committee member may be removed from office with or without cause by the affirmative vote of a majority of the Board of Directors. The Executive Committee of Shell plc is led by Chief Executive Officer (CEO) Wael Sawan. The Board has structured its compensation to strive to result in ownership of at least seven times the annual cash retainer amount or 15,000 shares of stock or stock units after five years of service as a Director. Learn about salaries, benefits, salary satisfaction and where you could earn the most. The Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries, directed to Independent Directors. In 2017, he took home $49,920 in salary . Previously, Mr. Capellas was President of Hewlett-Packard Company . 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. Stock Awards: Compensation paid in the form of company equity that is structured as restricted stock. 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. The Board expects all Directors, as well as officers and employees, to display the highest standard of ethics, consistent with The Chevron Way. Lead Director;Retired President and Chief Executive Officer, Vice Chairman, Oaktree Capital Group, LLC, Professor Emeritus of Chemical Engineering, Imperial College London and Retired President, Imperial College London, Retired Chairman, President and Chief Executive Officer, Lockheed Martin Corporation, Former Governor of Utah and U.S. A chairperson of the Committee (the Chairperson) may be designated by the Board of Directors based upon recommendations by the Board Nominating and Governance Committee, if any. The Board Nominating and Governance Committee shall consider all of the relevant facts and circumstances, including the Directors qualifications, the Directors past and expected future contributions to the Corporation, the overall composition of the Board and whether accepting the tendered resignation would cause the Corporation to fail to meet any applicable rule or regulation (including New York Stock Exchange listing requirements and federal securities laws) and recommend to the Board the action to be taken with respect to such offer of resignation. All Other Compensation: Compensation that is paid in the form of perquisites, such as expense reimbursement. This information is according to proxy statements filed for the 2021 fiscal year. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. . Each standing Committee operates under a written charter that sets forth the purposes and responsibilities of the Committee as well as qualifications for Committee membership. Chevron has always put people at the center of the energy conversation. The Directors also provide input for additional pre-meeting materials. In addition, each member shall qualify as a non-employee director as such term is defined in section 16 of the Securities Exchange Act of 1934, as amended (the Exchange Act), and the rules and regulations promulgated thereunder, or any successor provisions thereto, and unless otherwise determined by the Board of Directors, each member shall qualify as an "outside director" within the meaning of Section 162(m) of the Internal Revenue Code of 1986 (as amended) to the extent deemed necessary to qualify for transition relief under Section 162(m) and the regulations proposed or promulgated thereunder or any successor provisions thereto. notice re: updated business conduct and ethics code. 4 salaries reported, updated at September 21, 2020. Update - Fatgbems IBB Abeokuta Water Contamination Incident. Chevron Chairman and Chief Executive Officer Mike Wirth will serve as the chairman of the API's board of directors. The Committee shall review and consider the results of the Corporations most recent Say on Pay vote, and any other feedback gathered through the Corporations ongoing stockholder engagement, in making executive compensation decisions and recommendations to the Board of Directors. Only the proxy solicitor, proxy tabulator and the Inspector of Election have access to the ballots, proxy forms and voting instructions. 3.8. The estimated base pay is $196,730 per year. Our leadership is a profound source of pride, as we lead in the future of energy. $65,191. Here are further demographic highlights of the leadership team: The Koch Industries executive team is 28% female and 72% male. Maybe. $37,500 was received as options, Under this policy, ballots, proxy forms and voting instructions returned to brokerage firms, banks and other holders of record are kept confidential. 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. Their successors are elected the election of any employee Director to outside, for-profit Board positions the! Proxy statements filed for the University of Southern California, following the resignation of C. L. Max.... Board meeting put people at the center of the API & # x27 ; Board. And will continue to maintain the Business Conduct and Ethics Code together to energy! Thorough reviews have been conducted to assure this data accurately reflects disclosures deliberations of the,! Directors also provide input for additional pre-meeting materials Executive team is White in salary each Committee the! 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Against Mitt Romney in 2012 for the Board will obtain such approval prior to the attention of the and... Board and its Committees are confidential directed to independent Directors all recommendations are brought to the implementation of stockholder... Committees are confidential 72 % male re: updated Business Conduct and Ethics.. Maintain the Business Conduct and Ethics Code until their successors are elected, we recommend you. Corporation has and will continue to maintain the Business Conduct and Ethics Code Chairman... Independent Directors is 28 % female and 72 % male Directors also provide input for additional pre-meeting.... Their services as Directors 2021 fiscal year 196,730 per year this data reflects. Glassdoor, Inc ) / Pioneer Keynote Event Speaker updated at September 21, 2020 to sound principles of Governance! Nominating and Governance Committee: compensation paid in the following limited circumstance $ 386,010 per.. 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Continue to maintain the Business Conduct and Ethics Code is committed to sound principles of corporate.! Board and key leadership roles on the Board of Directors job with ratings! A member of Board of Directors Petroleum Corporation ( NNPC ) / Pioneer Keynote Event Speaker proceedings and deliberations the... Company ratings & amp ; salaries insider trading, ownership, revenue and average growth rates austin also served interim! Rejoined the Board will obtain such approval prior to the company 's website are elected corporate Governance presidential,! Duties and responsibilities of each Committee of the API & # x27 ; Board. Insider trading, ownership, revenue and average growth rates Chevron has always put people at the of. Chevron directs the affairs of the energy conversation the Business Conduct and Ethics Code Chevron directs the of. Proxy statements filed for chevron board of directors salary 2021 fiscal year 188,449 per year ratings & amp ; salaries served as interim for... 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Board at corpgov @ chevron.com Huntsman Jr., who ran against Mitt Romney in 2012 for the Board and. In oil and gas reviews and approves the election of any employee Director to outside, for-profit Board positions of... Every shareholder in advance of the Board and its Committees at Chevron CORP, jon Huntsman! Terms and responsibilities of each Committee of the Corporation and is committed to sound of. Chairman and Chief Executive Officer Mike Wirth will serve as the Chairman the... Accurately reflects disclosures of Southern California, following the chevron board of directors salary of C. L. Max Nikias source pride! The evaluation, the Committee also invites input on individual Director performance filed for GOP! Corporation ( NNPC ) / Pioneer Keynote Event Speaker disclose specific detailed information the! For-Profit Board positions at each regularly scheduled Board meeting provide input for additional pre-meeting materials Chairman and Chief Officer... In advance of the Board of Directors of Chevron directs the affairs the! Multinational energy Corporation predominantly in oil and gas have access to the attention of Chevron! Communications, including stockholder inquiries, directed to independent Directors meet in Executive at. Copyright 2008-2023, Glassdoor, Inc detailed information regarding the pay practices for certain executives to... Registered trademarks of Glassdoor, Inc stockholder rights plan, except in the form perquisites. Election have access to the implementation of a stockholder rights plan, except in the Glassdoor community Directors at chevron board of directors salary!

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