It also assists the Board of Directors in response to stockholder concerns regarding environmental, social, human rights, political, and public policy matters. Under this policy, ballots, proxy forms and voting instructions returned to brokerage firms, banks and other holders of record are kept confidential. 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. They make suggestions to the appropriate Committee chairperson at any time. She was both the first woman, and the first African-American, to hold this position. 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. Find jobs. When the Board selects the CEO to serve as Chairman, the independent Directors will annually select a Lead Director from among the independent Directors serving on the Corporations Board. Option Awards: Compensation paid in the form of company equity that is structured as stock options. 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). Learn about salaries, benefits, salary satisfaction and where you could earn the most. 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. 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. Because we understand that the well-being of people everywhere depends on energy. 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. 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. To learn more about our board members, visit the Board of Directors area of our web site. The Committee shall meet as often as may be deemed necessary or appropriate, in the judgment of the Chairperson, either in person or telephonically, and at such times and places as the Chairperson determines. If any nominee is unable to serve as a Director, the Board may reduce the number of Directors or choose a substitute. 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. Strategy, Policy & Development, executive summary climate change resilience report, new energies: growing our lower carbon businesses. Our strong results come from empowering our people. Chevron has always put people at the center of the energy conversation. Is this useful? A worker with the title team leader salary at Chevron can earn an average yearly salary of $151,958. Geagea holds a bachelor's degree and a master's degree in civil engineering from the University of Illinois. 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 issues; expertise in finance, financial disclosure or financial accounting; experience in global business or international affairs; environmental experience; experience leading business transformation; and service on public company boards. $24,298,032. Each standing Committee assesses the adequacy of its charter periodically and recommends changes to the Board Nominating and Governance Committee, as appropriate. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. P.O. Guided by our vision and values, The Chevron Way, our Board of Directors and Corporate Officers are committed to demonstrating the highest standard of ethics. Any independent Director can request that an executive session be scheduled. None of these persons is a Chevron employee. Committee members serve staggered terms enabling Directors to rotate periodically to different Committees. They should have sufficient time to effectively carry out their duties. . 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. degree from Harvard University and a Ph.D. in Economics from the University of Oxford. Love your next job. The Board Nominating and Governance Committee oversees this self-evaluation process and assesses the full Board's performance. 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. He was . The Board Nominating and Governance Committee periodically reviews and recommends changes to Board compensation to maintain total compensation that is competitive and appropriate. Box 29000, Presidio Station San Francisco, CA 94129-9000 Fax: 415-923-2013. 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. $65,191. This report is not for commercial use. Non-employee Directors may not stand for re-election after reaching age 74. As provided in Chevrons By-Laws, candidates for Directors are elected annually by a majority vote in an uncontested election and by a plurality vote in a contested election. As a member of Board of Directors at CHEVRON CORP, They should have business acumen and broad experience and expertise at the policy-making level in one or more of the areas of particular consideration below and should be able to provide insights and practical wisdom based on their experience or expertise. Total Named Director Compensation: The sum of all dollar values above. The estimated additional pay is $14,277 per year. promoting strong corporate governance practices. View Jobs at Chevron. Related Searches:All Director Salaries|All Chevron Salaries. 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. The Committee shall review and discuss the annual CD&A and related disclosures to be included in the Corporations proxy statement relating to the annual meeting of stockholders (Annual Proxy Statement), recommend to the Board of Directors whether the CD&A should be included in the Corporations Annual Proxy Statement, and incorporated by reference into the Corporations Annual Report on Form 10-K, and prepare the report on executive compensation to be included in the Annual Proxy Statement and incorporated by reference into the Annual Report on Form 10-K. $112,500 was received as fees earned or paid in cash, 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. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. 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. Because this is the first step in care, it affects the entire continuum of care. A Director who also serves as the CEO of a publicly traded company should not serve on more than three boards of publicly traded companies (including the company for which the Director is CEO). Mandatory retirement for employee Directors is age 65. First published on Wed 26 May 2021 10.05 EDT. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Approve equity compensation plans not subject to stockholder approval under applicable listing standards. Review the peer group(s) used to evaluate or benchmark executive compensation levels, design practices and relative performance. In order to assess performance against the strategic plan, the Board receives regular updates on progress and execution and provides guidance and direction throughout the year. 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. The non-executive Chairman of our single-tier Board of Directors is Sir Andrew Mackenzie. 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 annually reviews the CEO performance. 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. 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. $37,500 was received as options, pdf opens in new window, by-laws Managing Director at Nigerian National Petroleum Corporation (NNPC)/ Pioneer Keynote Event Speaker. . Find Executive Assistant to Board Director jobs in Mid Glamorgan on Jobsite. 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. 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 . . 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. pdf opens in new window, proxy statement 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. Board Committee members shall be appointed annually by the Board upon the recommendation from the Board Nominating and Governance Committee. . Overview Overview 5.5k Reviews 897 Jobs 6.3k Salaries 972 Interviews 1.6k Benefits 58 Photos. 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. Company profile for Chevron Corp. including key executives, insider trading, ownership, revenue and average growth rates. 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. Our strong results come from empowering our people. 5% . Box 6006 The highest-paying job at Chevron is a Vice President with a salary of $480,647 per year. A majority of the Board consists of independent Directors, as defined by the New York Stock Exchange. In 2017, he took home $49,920 in salary . 475:1. This is a particular concern in rural China. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. Great health benefit plan, but certain medical consultants are excluded., Learn How to State Your Case and Earn Your Raise, Climb the Ladder With These Proven Promotion Tips, A Guide to Negotiating the Salary You Deserve, How to Prepare for Your Interview and Land the Job. Change in Pension Value and Nonqualified Deferred Compensation Earnings. The Corporate Secretary and Chief Governance Officer will compile the communications, summarize . Of this total $57,678 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 . Name Total COMPENSATION; Alice P. Gast: Total Cash $379,492: Charles W . 6001 Bollinger Canyon Road. Nigeria. ; 71% of the management team is White. 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. How much do Chevron employees make? Get a free, personalized salary estimate based on today's job market. Anyone who processes or inspects ballots, proxy forms or voting instructions signs a pledge to treat them as confidential. Our strong results come from empowering our people. Kaiser Permanente: TERESA STARK, Vice President, Government Relations. Get the right Board of directors job with company ratings & salaries. 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 higher paying positions at Chevron include team leader, geologist, petroleum engineer, and reservoir engineer. The Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries, directed to Independent Directors. Toggle Controversies subsection 5.1 Lago Agrio and Steven Donziger. The average Chevron hourly pay ranges from approximately $17 per hour for a Cashier to $184 per hour for a Director. 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. Ford creates top role for ex-presidential candidate Jon Huntsman with $1M salary. The Board oversees the Corporation's strategic and business planning process. 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. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. 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. ; 13% of Koch Industries management is Hispanic or Latino. The average salary for a board of directors is $47,245 per year in Little Rock, AR. Option Awards: Compensation paid in the form of company equity that is structured as stock options. Browse 197 Executive Assistant to Board Director vacancies live right now in Hampstead Garden Suburb 2001 2023 Chevron Corporation. 48.36 -0.06. 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. CEO Pay. The estimated salary for a Board of Directors is $60,979 per year in Springfield, MO. Michael Arokodare. Chevron Chairman and Chief Executive Officer Mike Wirth will serve as the chairman of the API's board of directors. Maybe. and CEO by Chevron's board of directors in September 2017 and assumed the . Concerning the 2019 . The Board expects all Directors, as well as officers and employees, to display the highest standard of ethics, consistent with The Chevron Way. Learn about salaries, benefits, salary satisfaction and where you could earn the most. ExxonMobil shareholders votes to install at least two new independent directors to the company's board. Managing Director at Chevron. The Board Nominating and Governance Committee reviews and approves the election of any employee Director to outside, for-profit board positions. The average Chevron salary ranges from approximately $36,136 per year for a Cashier to $480,647 per year for a Vice President. 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. As a member of Board of Directors at CHEVRON CORP, The information shown here is a reporting of information included in the company's proxy statement. 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. US oil giants ExxonMobil and Chevron have suffered shareholder rebellions from climate activists and disgruntled institutional investors over their . Leverage your professional network, and get hired. San Ramon, CA 94583. All Other Compensation: Compensation that is paid in the form of perquisites, such as expense reimbursement. All rights reserved. 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. $60,979 . View detailed CVX description & address. 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. $68,750 . In light of your role as a director at a major fossil fuel company and your experience advocating for increased shareholder value and sustainability in the oil and gas industry, the San Ramon, California 94583-0806. 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. 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 . Thorough reviews have been conducted to assure this data accurately reflects disclosures. The guidelines, in conjunction with the Restated Certificate of Incorporation, By-Laws and Board Committee charters, form the framework for governance of the Corporation. 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