Estimated salaries Data source tooltip for average base salary. The Directors also provide input for additional pre-meeting materials. The Corporate Secretary and Chief Governance Officer will compile the communications, summarize lengthy or repetitive communications received and report onresponsessent. The purpose of the Management Compensation Committee (the Committee) of the Board of Directors of Chevron Corporation (the Corporation) is: The Committee shall comprise not fewer than two members of the Board of Directors, as shall be determined from time to time by the Board of Directors based on recommendations from the Board Nominating and Governance Committee, if any. Chevron Chairman and Chief Executive Officer Mike Wirth will serve as the chairman of the API's board of directors. Toggle Controversies subsection 5.1 Lago Agrio and Steven Donziger. Tesla CEO Elon Musk is currently working for free.. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Our leadership is a profound source of pride, as we lead in the future of energy. Thorough reviews have been conducted to assure this data accurately reflects disclosures. 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. 48.36 -0.06. Interested parties wishing to communicate their concerns or questions about Chevron to the Lead Director or to independent Directors may do so by U.S. mail to Lead Director or to independent Directors, c/o Office of the Corporate Secretary, Chevron Corporation, 6001 Bollinger Canyon Road, San Ramon, CA 94583. Glassdoor has salaries, wages, tips, bonuses, and hourly pay based upon employee reports and estimates. performance," while Chevron's web site states that board oversight is among the "foundational elements" of the company's "climate -related governance." 8. In the course of its duties, the Committee shall have the authority, in its sole discretion and at the Corporations expense, to retain (or obtain the advice of), oversee, compensate (including the approval of fees) and terminate any compensation consultant, independent legal counsel or other adviser to the Committee, as the Committee deems advisable. pdf opens in new window. Ford creates top role for ex-presidential candidate Jon Huntsman with $1M salary. Update - Fatgbems IBB Abeokuta Water Contamination Incident. The compensation consists of cash and equity components with a goal of providing greater than 50 percent of compensation in equity. None of these persons is a Chevron employee. As a member of Board of Directors at CHEVRON CORP , Donald B. Each subcommittee shall keep regular minutes of its meetings and report the same to the Committee or the Board of Directors when required. Managing Director at Chevron. 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. View Jobs at Chevron. 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. The Corporation does not have a retirement plan for non-employee Directors. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. $0 was received as non-stock incentive plan compensation, SAN RAMON, Calif., Dec. 2, 2020 - Chevron Corporation (NYSE: CVX) announced that Marillyn A. Hewson has been elected to Chevron's board of directors, effective on January 1, 2021. 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. 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 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. Option Awards: Compensation paid in the form of company equity that is structured as stock options. All rights reserved. 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. 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. For its 2021 fiscal year, CHEVRON CORP, listed the following board members on its annual proxy statement to the SEC. 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. 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 . The agendas for Board meetings provide opportunities for the operating heads of the major businesses of the Corporation to make presentations to the Board. The estimated salary for a Board of Directors is $65,191 per year in Bethlehem, PA. 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. Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. They should have sufficient time to effectively carry out their duties. San Ramon, CA 94583. 2001 2023 Chevron Corporation. The Committee utilizes the annual Board evaluation to gather input to assist the Committees' evaluation and recommendations. Specifically, the Committee shall be directly responsible for the appointment, compensation and oversight of the work of any consultant, independent legal counsel or other advisor retained by the Committee and shall receive appropriate funding from the Corporation, as determined by the Committee, for payment of compensation to any such advisers. Mr. Fusco was recruited by Calpine's key shareholders in 2008, just as that company was emerging from bankruptcy. 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. Get the right Board of directors job with company ratings & salaries. Name. 6001 Bollinger Canyon Road. 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. 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 community relies on everyone sharing. Geagea holds a bachelor's degree and a master's degree in civil engineering from the University of Illinois. Were working together to provide energy that drives human progress. promoting strong corporate governance practices. 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 Board's size is assessed at least annually by the Board Nominating and Governance Committee and changes are recommended to the Board when appropriate. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. You may also find the annual proxy statement by going directly to the company's website. 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. 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. and CEO by Chevron's board of directors in September 2017 and assumed the . Chevron and its employees have a worldwide reputation for conducting business with honesty and integrity. Chairman of the Board and $0 was received as non-stock incentive plan compensation, We have exciting capital projects that use innovative technology designed to provide decades of energy. 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. She was both the first woman, and the first African-American, to hold this position. $0 was received as options, Lancaster Choice Energy: JASON CAUDLE, City Manager. Is this useful? The Board oversees management and plans for the succession of key executives. 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. Fatgbems Group Managing Director Gets Southern Youth Assembly Leadership Award. This report is not for commercial use. All proxy statements are public filings made available to the general public by the SEC. ; 71% of the management team is White. New Board Of Directors jobs added daily. He was also part of the board of directors at Chevron Phillips Chemical alongside fellow executive representatives for company owners Chevron U.S . USAA. The following shall be the common recurring duties and responsibilities of the Committee in carrying out its purposes. Directors serve for a one-year term and until their successors are elected. Chevron may also be known as or be related to Chevron, Chevron Corp, Chevron Corporation, Chevron Technology Ventures LLC, Pacific Coast Oil Co. [1] (1879-1906) Standard Oil of California (1906-1984) [2], chevron usa, chevron phillips chemical company, chevron refinery, chevron texaco, Unocal Corporation and Union Oil Company of California. Managing Director at Nigerian National Petroleum Corporation (NNPC)/ Pioneer Keynote Event Speaker. . The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Jeff Ewing. As a member of Board of Directors at CHEVRON CORP , John B. Frank made $385,492 in total compensation. c/o Office of the Corporate Secretary 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. A non-Employee Director shall submit to the Board Nominating and Governance Committee a letter offering to resign if his or her principal occupation or business association changes substantially during his or her tenure as a Director. Stock Awards: Compensation paid in the form of company equity that is structured as restricted stock. The Committee will consider these factors at least annually, as well as any conflicts of interest, in connection with the advisers continued retention. read public policy and sustainability committee charter. 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. degree from Harvard University and a Ph.D. in Economics from the University of Oxford. The guidelines, in conjunction with the Restated Certificate of Incorporation, By-Laws and Board Committee charters, form the framework for governance of the Corporation. Chevron employees rate the overall compensation and benefits package 4/5 stars. IBEW/NECA/LMCC: DAVID GOMEZ, Executive Director. 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. It also assists the Board of Directors in response to stockholder concerns regarding environmental, social, human rights, political, and public policy matters. Background: Patients who are newly screened HIV positive by EIA are lost to follow-up due to complicated HIV testing procedures. This Charter and any provision contained herein may be amended or repealed by the Board of Directors. To learn more about our board members, visit the Board of Directors area of our web site. 475:1. The Board's Audit Committee periodically reviews compliance with this Code. . 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. . Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. The Board Nominating and Governance Committee periodically reviews and recommends changes to Board compensation to maintain total compensation that is competitive and appropriate. 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. The Board expects all Directors, as well as officers and employees, to display the highest standard of ethics, consistent with The Chevron Way. 2019. Name Total COMPENSATION; Alice P. Gast: Total Cash $379,492: Charles W . The information shown here is a reporting of information included in the company's proxy statement. Chevron. This information is according to proxy statements filed for the 2021 fiscal year. Leadership. Leverage your professional network, and get hired. Related Searches:All Director Salaries|All Chevron Salaries. The Board expects all Directors and executive officers to display confidence in the Corporation by ownership of a significant amount of stock. Non-employee Directors receive compensation that is competitive, links rewards to business results and stockholder returns, and facilitates increased ownership of the Corporation's stock. 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. As part of its review the Committee will consider the relative alignment of the Nigeria. Total Named Director Compensation: The sum of all dollar values above. The Board of Directors proposes a slate of nominees for election by the stockholders at the Annual Meeting each year. 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. To conduct this review, the Board Nominating and Governance and Management Compensation Committee chairpersons gather and consolidate input from all Directors. Change in Pension Value and Nonqualified Deferred Compensation Earnings: The difference between such compensation between the prior year and the current year. Chevron announced that it is cutting up to 7,000 jobs, or 11 percent of its workforce. MANAGING DIRECTOR, SHELL NIGERIA EXPLORATION AND PRODUCTION COMPANY LIMITED. A majority of the Board consists of independent Directors, as defined by the New York Stock Exchange. Previously, Mr. Capellas was President of Hewlett-Packard Company . Change in Pension Value and Nonqualified Deferred Compensation Earnings. We strive to enable human progress in a sustainable manner to serve the worlds growing population and create a better future. The proxy statement's main purpose is to alert shareholders to the annual meeting and provide them information about the issues that will be voted on during the annual meeting, including decisions such as electing directors, ratifying the selection of auditors, and other shareholder-related decisions, including shareholder-initiated initiatives. Chevron has a confidential voting policy to protect stockholders' voting privacy. The Corporate Secretary will compile the communications, summarize lengthy or repetitive communications and forward to the Lead Director or the independent Directors. Caterpillar Inc. Former President and Chief Executive Officer, Renewable Energy Group, Vice President, Health, Safety and Environment, Vice President and Chief Financial Officer, Corporate Secretary and Chief Governance Officer, Executive Vice President, Oil, Products & Gas, Vice President, Strategy & Sustainability, Vice President and Chief Human Resources Officer, Vice Chairman and Executive Vice President, The purpose of the Management Compensation Committee (the "Committee') of the Board of Directors of Chevron Corporation (the "Corporation") is: . 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. certificate of incorporation 6001 Bollinger Canyon Road Anyone who processes or inspects ballots, proxy forms or voting instructions signs a pledge to treat them as confidential. The Corporation also provides ongoing Director education through presentations at Board and Committee meetings and Board briefings. As a member of Board of Directors at CHEVRON CORP, 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). This report is not for commercial use. Board Committee members shall be appointed annually by the Board upon the recommendation from the Board Nominating and Governance Committee. Reporting of information included in the Corporation also provides ongoing Director education through presentations at Board Committee... The information shown here is a reporting of information included in the form of company that! Of information included in the form of company equity that is structured as options. John B. 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