The average salary for a board of directors is $47,245 per year in Little Rock, AR. Board of Directors in CHEVRON CORP. For its 2021 fiscal year, CHEVRON CORP, listed the following board members on its annual proxy statement to the SEC. As the CEO and Chairman, Wirth is set to earn $19 million . Change in Pension Value and Nonqualified Deferred Compensation Earnings. 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. The Corporate Secretary will compile the communications, summarize lengthy or repetitive communications and forward to the Lead Director or the independent Directors. The purpose of the Management Compensation Committee (the "Committee') of the Board of Directors of Chevron Corporation (the "Corporation") is: . Wirth, who was elected chairman, effective January 1, 2022, succeeds Phillips 66 Chairman and CEO Greg Garland, who will remain a member of API's Executive Committee. . In the absence of such designation, the members of the Committee may designate the Chairperson by majority vote of the full Committee membership. The estimated salary for a Board of Directors is $65,191 per year in Bethlehem, PA. Sempra Energy, Retired Chairman and Chief Executive Officer, Northrop Grumman Corporation. The Committee shall meet in executive session without the presence of management of the Corporation, as appropriate. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. The Board dedicates at least one Board meeting each year to focus on strategic planning. . Chevron has always put people at the center of the energy conversation. The following shall be the common recurring duties and responsibilities of the Committee in carrying out its purposes. The Board's Audit Committee periodically reviews compliance with this Code. For its 2021 fiscal year, CHEVRON CORP, listed the following CEO pay ratio data on its annual proxy statement to the SEC. 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. Top companies for Board of Directorses in Little Rock, AR. If the resignation of a Committee member is effective at a future time, the Board of Directors may elect a successor to take office when the resignation becomes effective. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. 2001 2023 Chevron Corporation. degree from Harvard University and a Ph.D. in Economics from the University of Oxford. To address any issue regarding the Golden Gate Bridge, Highway and Transportation District, please write the Board of Directors: President of the Board Golden Gate Bridge, Highway and Transportation District P.O. $0 was received as options, Previously, Mr. Capellas was President of Hewlett-Packard Company . Name Total COMPENSATION; Alice P. Gast: Total Cash $379,492: Charles W . Box 6006 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. pdf opens in new window. 4.5 Current Board of directors. ; 11% of the management team is Black or African American. The estimated base pay is $196,619 per year. The average Chevron hourly pay ranges from approximately $17 per hour for a Cashier to $184 per hour for a Director. Targets are based on a multiple of base salary: CEO six times; Vice Chairman, Executive Vice Presidents and Chief Financial Officer four times; all other executive officers two times. 2001 2023 Chevron Corporation. New Board Of Directors jobs added daily. League of California Cities: CAROLYN COLEMAN, Executive Director. Directors should have the highest professional and personal ethics and values, consistent with The Chevron Way and the Business Conduct and Ethics Code, and a commitment to building stockholder value. The current directors of Oando PLC are as follows: (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; . Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. The higher paying positions at Chevron include team leader, geologist, petroleum engineer, and reservoir engineer. Find jobs. The Committee may select or obtain advice from any adviser (whether retained by the Committee or management) only after considering all factors relevant to a determination of that adviser's independence from management, including the factors prescribed by applicable law or the NYSE. 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. Chevron's Chairman of the Board and Chief Executive Officer is Michael K. Wirth. Change in Pension Value and Nonqualified Deferred Compensation Earnings: The difference between such compensation between the prior year and the current year. 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. Tesla CEO Elon Musk is currently working for free.. 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. You may also find the annual proxy statement by going directly to the company's website. Additional pay could include bonus, stock, commission, profit sharing or tips. . Median Employee Pay. Know Your Worth. Chief Executive Officer. The Management Compensation Committee assists the Board of Directors in determining salary and other compensation matters for executive officers and in establishing and administering incentive compensation and equity-based compensation plans for company management, among other duties. All rights reserved. The compensation consists of cash and equity components with a goal of providing greater than 50 percent of compensation in equity. Each standing Committee assesses the adequacy of its charter periodically and recommends changes to the Board Nominating and Governance Committee, as appropriate. Michael Arokodare. All rights reserved. The Audit Committee has procedures in place to receive, retain and treat complaints received regarding accounting, internal accounting controls or auditing matters and to allow for the confidential and anonymous submission by anyone of concerns regarding questionable accounting or auditing matters. Coronavirus Tips Working and Protection. 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. pdf opens in new window, proxy statement Nigeria. 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. Non-Stock Incentive Plan Compensation: Cash compensation earned for the achievement of predefined objectives. San Ramon, CA 94583. Committee Charters outline the terms and responsibilities of each committee of the Chevron Board of Directors. The average salary for Compensation Director at companies like CHEVRON CORP in the United States is $259,642 as of June 28, 2022, but the salary range typically falls between $227,394 and $291,424. This is a particular concern in rural China. The Corporation also provides ongoing Director education through presentations at Board and Committee meetings and Board briefings. Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. Box 29000, Presidio Station San Francisco, CA 94129-9000 Fax: 415-923-2013. Chevron has always put people at the center of the energy conversation. The By-Laws provide that the number of Directors is determined by the Board. 76 open jobs for Board of directors. These guidelines have been adopted by the Chevron Board of Directors. Browse 197 Executive Assistant to Board Director vacancies live right now in Hampstead Garden Suburb The Board and each Board Committee conduct a self-evaluation annually. Chairman of the Board and The independent Directors review the propriety of combining or separating the offices of Chairman and CEO annually in connection with its selection of the Chairman. Phoebe Wall Howard. Get the right Board of directors job with company ratings & salaries. . IBEW/NECA/LMCC: DAVID GOMEZ, Executive Director. Learn about salaries, benefits, salary satisfaction and where you could earn the most. 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. 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. Maybe. The independent Directors may select the Corporations CEO to serve as Chairman. Strategy, Policy & Development, executive summary climate change resilience report, new energies: growing our lower carbon businesses. The Board expects all Directors to attend regularly scheduled Board meetings and the Annual Meeting of stockholders, unless there are extenuating circumstances. Board of Directors in CATERPILLAR INC. For its 2021 fiscal year, CATERPILLAR INC, listed the following board members on its annual proxy statement to the SEC. 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. Jeff Ewing. The Board of Directors of Chevron directs the affairs of the corporation and is committed to sound principles of corporate governance. 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. They should have sufficient time to effectively carry out their duties. 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. Chairman of the Board and Chief Executive Officer, You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). To conduct this review, the Board Nominating and Governance and Management Compensation Committee chairpersons gather and consolidate input from all Directors. 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. San Ramon, California 94583-0806. The purpose of the Board Nominating and Governance Committee (the "Committee") of the Board of Directors of Chevron Corporation (the "Corporation") is: To engage in succession planning for the Board of Directors, assist the Board of Directors in defining and assessing qualifications for Board of Director membership and identify . 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. . Only the proxy solicitor, proxy tabulator and the Inspector of Election have access to the ballots, proxy forms and voting instructions. 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 Total Named Director Compensation: The sum of all dollar values above. Ford creates top role for ex-presidential candidate Jon Huntsman with $1M salary. 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. See the full leadership team at Craft. (ExxonMobil, Royal Dutch Shell, BP and Chevron), as well as (iii) through change in the Tier 1 + Tier 2 indicator1. Jon Huntsman Jr., who ran against Mitt Romney in 2012 for the GOP presidential nomination, has rejoined the board of . The Board will obtain such approval prior to the implementation of a stockholder rights plan, except in the following limited circumstance. 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 non-executive Chairman of our single-tier Board of Directors is Sir Andrew Mackenzie. Rice made $85,444 in total compensation. All proxy statements are public filings made available to the general public by the SEC. 6 See also. $0 was received as change in pension value and nonqualified deferred compensation earnings, The Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries, directed to Independent Directors. Our strong results come from empowering our people. We have exciting capital projects that use innovative technology designed to provide decades of energy. Mandatory retirement for employee Directors is age 65. P.O. Chevron Chairman and Chief Executive Officer Mike Wirth will serve as the chairman of the API's board of directors. Coronavirus Tips Working and Protection, For its 2021 fiscal year, CHEVRON CORP, listed the following executives on its annual proxy statement to the SEC. ; 13% of Koch Industries management is Hispanic or Latino. This employer has claimed their Employer Profile and is engaged in the Glassdoor community. All Committees report regularly to the full Board of Directors with respect to their activities. Here are further demographic highlights of the leadership team: The Koch Industries executive team is 28% female and 72% male. All rights reserved. Find Executive Assistant to Board Director jobs in Hampstead Garden Suburb on Jobsite. Of this total Non-employee Directors may not stand for re-election after reaching age 74. The Chairperson shall establish such other rules as may from time to time be necessary and proper for the conduct of the business of the Committee. The Board Nominating and Governance Committee identifies, investigates and recommends prospective directors to the Board with the goal of creating a balance of knowledge, experience and diversity aligned with the long-term interest of stockholders. The charts on this page feature a breakdown of the total annual pay for the top executives at CHEVRON CORP as reported in their proxy statements. John B. Frank made $385,492 in total compensation. As a member of Board of Directors at CHEVRON CORP, Jon M. Huntsman, Jr. made $375,492 in total compensation. The Board of Directors proposes a slate of nominees for election by the stockholders at the Annual Meeting each year. The Corporation does not have a retirement plan for non-employee Directors. Directors are encouraged and provided opportunities to talk directly to any member of management or any other employee regarding any questions or concerns the Director may have. Board of Directors. Each subcommittee shall keep regular minutes of its meetings and report the same to the Committee or the Board of Directors when required. Thorough reviews have been conducted to assure this data accurately reflects disclosures. As a member of Board of Directors at CHEVRON CORP, A majority of the Board consists of independent Directors, as defined by the New York Stock Exchange. $68,750 . The Board expects all Directors, as well as officers and employees, to display the highest standard of ethics, consistent with The Chevron Way. $279,000 per year AIMS K-12 College Prep Charter District . The Committee shall report regularly to the full Board of Directors with respect to its activities. In his 40 years with the company, he has gained extensive industry and international experience through a wide variety of leadership roles. Committee members serve staggered terms enabling Directors to rotate periodically to different Committees. 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. Concerning the 2019 . To read more about any of the committees click on the committee name listed at the top of the table. Get started with your Free Employer Profile, average salary for a Director is $129,357 per year in United States, The Ultimate Job Interview Preparation Guide. Review the peer group(s) used to evaluate or benchmark executive compensation levels, design practices and relative performance. Browse 6 Executive Assistant to Board Director vacancies live right now in Mid Glamorgan The Board oversees management and plans for the succession of key executives. 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. This report is not for commercial use. 2021 MAR. While the average employee salary at Chevron is $50,184, there is a big variation in pay depending on the role. Chevron announced that it is cutting up to 7,000 jobs, or 11 percent of its workforce. performance," while Chevron's web site states that board oversight is among the "foundational elements" of the company's "climate -related governance." 8. Ford taps Jon Huntsman Jr., former diplomat to Russia, for board of directors. Our leadership is a profound source of pride, as we lead in the future of energy. Filings & Reports; Events & Presentations; Stock & Dividend Information; Corteva, Inc. and Reverse Stock Split Tax Related Information; Dow Inc. Tax Related Information; DowDuPont Merger Tax Related Information The Corporation has and will continue to maintain an orientation program that contains written material, oral presentations and site visits. 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. The Board Nominating and Governance Committee periodically reviews and recommends changes to Board compensation to maintain total compensation that is competitive and appropriate. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. The Executive Committee of Shell plc is led by Chief Executive Officer (CEO) Wael Sawan. The Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries, directed to Independent Directors. Any Director nominated for re-election who does not receive more votes cast for such nominee's election than votes cast against such nominees election, excluding abstentions, shall submit his or her offer of resignation for consideration by the Board Nominating and Governance Committee. 2001 2023 Chevron Corporation. Lancaster Choice Energy: JASON CAUDLE, City Manager. The Committee may, by resolution passed by a majority of the Committee, designate one or more subcommittees, each subcommittee to consist of one or more members of the Committee. Board Committee members shall be appointed annually by the Board upon the recommendation from the Board Nominating and Governance Committee. Below is a summary of our committee structure and membership information. Chevron Corporation is an American multinational energy corporation predominantly in oil and gas. Annually, the Lead Director will lead the independent Directors review of candidates for all senior management positions to assess the candidates who are available for these positions and understand the development plans being utilized to strengthen the skills and qualifications of the candidates. read public policy and sustainability committee charter. Stockholders may recommend a nominee by writing to the Corporate Secretary specifying the nominees name and the qualifications for Board membership. DuPont Board; Contact the Board of Directors; Contact Investor Relations; Email Alerts; FAQ; DowDuPont Investors - Prior to June 1, 2019. The estimated additional pay is $188,449 per year. 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. 8. $24,298,032. The Board and each Board Committee have the right at any time to retain outside financial, legal or other advisors. Update - Fatgbems IBB Abeokuta Water Contamination Incident. As a member of Board of Directors at CHEVRON CORP , Donald B. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. The agendas for Board meetings provide opportunities for the operating heads of the major businesses of the Corporation to make presentations to the Board. Directors limit their other board memberships to a number which permits them, given their individual circumstances, to responsibly perform all of their Director duties, with no Director serving on the boards of more than five publicly traded companies. Chevron's Board committeemembership is shown below. c/o Office of the Corporate Secretary . 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 . Option Awards: Compensation paid in the form of company equity that is structured as stock options. Mr. Fusco was recruited by Calpine's key shareholders in 2008, just as that company was emerging from bankruptcy. To discharge responsibilities as delegated by the Board of Directors of the Corporation (the Board of Directors) relating to compensation of the Corporations executives; To assist the Board of Directors in establishing incentive compensation and equity-based plans and to administer such plans; and. Chevron Corporation 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 . Were working together to provide energy that drives human progress. In addition to regularly scheduled meetings, unscheduled Board meetings may be called, upon proper notice, at any time to address specific needs of the Corporation. CEO Pay Ratio. We strive to enable human progress in a sustainable manner to serve the worlds growing population and create a better future. The Board annually reviews the CEO performance. subscribe to our newsletter to receive news and updates. Anyone with a concern or complaint about Chevrons accounting, internal accounting controls or auditing matters may communicate it to the Audit Committee by sending the Committee a letter in care of the Secretary of the Audit Committee: Chevron Corporation Each Director will maintain the confidentiality of all proprietary, privileged or otherwise protected information about the Corporation and other entities that the Director obtains in connection with his or her service as a Director, except where the disclosure is authorized or required by law. The Committee shall undertake an annual evaluation assessing its performance, which results shall be reported to the Board of Directors. If any nominee is unable to serve as a Director, the Board may reduce the number of Directors or choose a substitute. Our model gets smarter over time as more people share salaries on Glassdoor. 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. 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. MANAGING DIRECTOR, SHELL NIGERIA EXPLORATION AND PRODUCTION COMPANY LIMITED. 20 minutes minimum delay Mar 01, 2023 11:51 AM. We strive to enable human progress in a sustainable manner to serve the worlds growing population and create a better future. 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. Exciting capital projects that use innovative technology designed to provide energy that drives human progress in a sustainable manner serve! Outside financial, legal or other advisors, Executive summary climate change resilience report, new chevron board of directors salary: growing lower... Francisco, CA 94129-9000 Fax: 415-923-2013 energies: growing our lower carbon businesses of a stockholder rights,. Average employee salary at chevron include team leader, geologist, petroleum engineer, reservoir. Nominee by writing to the SEC API & # x27 ; s of! A member of Board of Directors is $ 50,184, there is a big in!, summarize lengthy or repetitive communications and forward to the SEC a substitute proxy must sent! In the form of company equity that is competitive and appropriate at chevron CORP, M.. Recommendation from the University of Oxford outline the terms and responsibilities of the Corporation to make to! Directors is $ 188,449 per year the average salary for a Cashier to $ 184 per for. Ford creates top role for ex-presidential candidate Jon Huntsman Jr., former diplomat Russia... Candidate Jon Huntsman Jr., former diplomat to Russia, for Board membership receive... Leadership roles session without the presence of management of the Corporation also provides ongoing Director education presentations... At any time to effectively carry out their duties if any nominee is unable to serve as Director... Repetitive communications and forward to the company 's annual shareholders meeting 11:51 AM the Secretary. 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