The Board expects all Directors, as well as officers and employees, to display the highest standard of ethics, consistent with The Chevron Way. The Corporation has and will continue to maintain the Business Conduct and Ethics Code. Concerning the 2019 . 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. 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. As a member of Board of Directors at CHEVRON CORP, Background: Patients who are newly screened HIV positive by EIA are lost to follow-up due to complicated HIV testing procedures. Kaiser Permanente: TERESA STARK, Vice President, Government Relations. Overall Benefits Rating.css-11cfy92{color:#0caa41 !important;}.css-11cfy92{color:#0caa41 !important;}4.3. The Board oversees management and plans for the succession of key executives. Change in Pension Value and Nonqualified Deferred Compensation Earnings. 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. The Board expects all Directors and executive officers to display confidence in the Corporation by ownership of a significant amount of stock. 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. Salary, bonuses, stock options, stock awards and other compensation information for top executives at CHEVRON CORP. . They should have sufficient time to effectively carry out their duties. The highest-paying job at Chevron is a Vice President with a salary of $480,647 per year. $10,492 came from other types of compensation. Ford taps Jon Huntsman Jr., former diplomat to Russia, for board of directors. Browse 197 Executive Assistant to Board Director vacancies live right now in Hampstead Garden Suburb He joined Texaco Cameroon in 1987 and was seconded to Texaco Nigeria Limited in 1998, where he held various positions of increasing responsibility within the organization (Texaco - ChevronTexaco-Chervron West-Africa) till 2008 when he was appointed Managing Director of Chevron Ivory Cost in Abidjan. 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. Corporations compensation policies and practices with stockholders interests. $68,750 . 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. We strive to enable human progress in a sustainable manner to serve the worlds growing population and create a better future. Company profile for Chevron Corp. including key executives, insider trading, ownership, revenue and average growth rates. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. Committees. How much do Chevron employees make? $65,191. 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. $279,000 per year AIMS K-12 College Prep Charter District . In addition, members of the Audit and Management Compensation Committees meet additional, heightened independence criteria applicable to Directors serving on these Committees under the New York Stock Exchange listing standards. The Corporate Secretary and Chief Governance Officer will compile the communications, summarize lengthy or repetitive communications received and report onresponsessent. 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). The Annual Meeting of stockholders generally will be scheduled in conjunction with a regularly scheduled Board meeting. San Ramon, California 94583-0806. The Committee shall also periodically evaluate the adequacy of this Charter and recommend changes to the Board Nominating and Governance Committee for approval by the Board of Directors. 6001 Bollinger Canyon Road. San Ramon, CA 94583, Email Chevron's Board at corpgov@chevron.com. Strategy, Policy & Development, executive summary climate change resilience report, new energies: growing our lower carbon businesses. However, for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. 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. The Corporation has and will continue to maintain an orientation program that contains written material, oral presentations and site visits. 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 Chairman in coordination with the Lead Director sets the schedule for Board meetings and determines the timing and length of the meetings of the Board. Search Board of directors jobs. 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 . Under this policy, ballots, proxy forms and voting instructions returned to brokerage firms, banks and other holders of record are kept confidential. 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 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. Bruce Chinn is president and chief executive officer of Chevron Phillips Chemical, a global petrochemical joint venture with a top-quartile safety record and 2021 revenue of more than $14 billion. Energy that is affordable, reliable and ever-cleaner. All rights reserved. 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. Coronavirus Tips Working and Protection. IBEW/NECA/LMCC: DAVID GOMEZ, Executive Director. Learn about salaries, benefits, salary satisfaction and where you could earn the most. Board of Directors at its meeting on March 13, 2019, the compensation of Mr. Patrick Pouyann . Mandatory retirement for employee Directors is age 65. Non-Stock Incentive Plan Compensation: Cash compensation earned for the achievement of predefined objectives. The estimated additional pay is $188,449 per year. We strive to enable human progress in a sustainable manner to serve the worlds growing population and create a better future. The Board of Directors of Chevron directs the affairs of the corporation and is committed to sound principles of corporate governance. 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. The Board and each Board Committee have the right at any time to retain outside financial, legal or other advisors. Any such subcommittee to the extent provided in the resolutions of the Committee and to the extent not limited by applicable law or listing standard, shall have and may exercise the powers and authority of the Committee as the Committee may deem appropriate in its sole discretion. In conducting this assessment, the Committee particularly considers leadership experience in business as a chief executive officer, senior executive or leader of significant business operations; experience leading business transformation; expertise in science, technology, engineering, research, or academia; extensive knowledge of governmental, regulatory, legal, or public policy issues; expertise in finance, financial disclosure, or financial accounting; global business or international affairs experience; environmental experience (including with respect to climate change issues); public company board service; and diversity, of age, gender, and ethnicity, and such other factors as it deems appropriate given the current and anticipated needs of the Board and the Corporation, to maintain a balance of knowledge, experience, background, and capability. The Board Nominating and Governance Committee assists the Board of Directors in defining and assessing qualifications for membership on the Board, identifying qualified candidates, and in devoting appropriate attention and effective response to stockholder concerns regarding corporate governance, among other duties. You may also find the annual proxy statement by going directly to the company's website. Jon Huntsman Jr., who ran against Mitt Romney in 2012 for the GOP presidential nomination, has rejoined the board of . The Board Nominating and Governance Committee annually reviews the composition of the Board as a whole to assess the skills and characteristics that are currently represented on the Board, and in individual Directors, as well as the skills and characteristics that the Board may find valuable in the future, in light of the current and anticipated strategic plans and operating requirements of the Corporation and the long-term interests of stockholders. Leverage your professional network, and get hired. The estimated salary for a Board of Directors is $68,750 per year in Naperville, IL. pdf opens in new window. View Jobs at Chevron. The sessions are chaired by the Lead Director if the CEO serves as Chairman; otherwise, the sessions are chaired by the Chairman. The Board also expects Directors, officers and employees to acknowledge their adherence to the Corporation's Business Conduct and Ethics Code. As a member of Board of Directors at CHEVRON CORP, Jon M. Huntsman, Jr. made $375,492 in total compensation. The Board Nominating and Governance Committee reviews interested-party communications, including stockholder inquiries, directed to Independent Directors. As part of the evaluation, the Committee also invites input on individual director performance. read public policy and sustainability committee charter. Were working together to provide energy that drives human progress. pdf opens in new window, corporate governance guidelines Know Your Worth. 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 . $24,298,032. Israel. . Toggle Controversies subsection 5.1 Lago Agrio and Steven Donziger. Chevron announced that it is cutting up to 7,000 jobs, or 11 percent of its workforce. Board Committee members shall be appointed annually by the Board upon the recommendation from the Board Nominating and Governance Committee. Of this total Lancaster Choice Energy: JASON CAUDLE, City Manager. Allfour standing Boardcommittees are composed entirely of independent directors. The Board has four standing Committees: Audit, Board Nominating and Governance, Management Compensation, and Public Policy and Sustainability. Former Member, Rural Human Services Board of Directors 1987-2004 Former Member, Humboldt State University President's Advisory Board 1983-1996 Community Service . Geagea holds a bachelor's degree and a master's degree in civil engineering from the University of Illinois. As a member of Board of Directors at CHEVRON CORP , Donald B. The estimated total pay for a Operator at Chevron is $74,449 per year. Our leadership is a profound source of pride, as we lead in the future of energy. Jim Umpleby is Chairman of the Board of Directors and Chief Executive Officer of Caterpillar Inc. Jim joined Solar Turbines, a Caterpillar subsidiary, in 1980 as an associate engineer. Chevron's Board committeemembership is shown below. See the full leadership team at Craft. 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. 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. Employee Directors may not serve as Directors once their employment with the Corporation ends. The guidelines, in conjunction with the Restated Certificate of Incorporation, By-Laws and Board Committee charters, form the framework for governance of the Corporation. Each standing Committee is chaired by an independent Director who determines the agenda, the frequency and length of the meetings and who has unlimited access to management, information and outside advisors, as necessary and appropriate. 4.5 Current Board of directors. To avoid any potential conflict of interest, Directors will not accept a seat on any additional public company board without first notifying the Lead Director and the Chairman of the Board. CEO Pay Ratio. Update - Fatgbems IBB Abeokuta Water Contamination Incident. Maybe. Estimated salaries Data source tooltip for average base salary. All recommendations are brought to the attention of the Board Nominating and Governance Committee. League of California Cities: CAROLYN COLEMAN, Executive Director. Your input helps Glassdoor refine our pay estimates over time. . While the average employee salary at Chevron is $50,184, there is a big variation in pay depending on the role. The Corporate Secretary and Chief Governance Officer will compile the communications, summarize . pdf opens in new window, by-laws Chevron. Get a free, personalized salary estimate based on today's job market. ; 13% of Koch Industries management is Hispanic or Latino. . Committee Charters outline the terms and responsibilities of each committee of the Chevron Board of Directors. Previously, Mr. Capellas was President of Hewlett-Packard Company . How much does a Board of Directors make in Springfield, MO? Only the proxy solicitor, proxy tabulator and the Inspector of Election have access to the ballots, proxy forms and voting instructions. How much does a Board of Directors make in Bethlehem, PA? Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. The Committee utilizes the annual Board evaluation to gather input to assist the Committees' evaluation and recommendations. 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. Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. Mr. Fusco was recruited by Calpine's key shareholders in 2008, just as that company was emerging from bankruptcy. To learn more about our board members, visit the Board of Directors area of our web site. 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. 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. 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. The average salary for a board of directors is $69,261 per year in New Mexico. Approve equity compensation plans not subject to stockholder approval under applicable listing standards. Chief Executive Officer. Any independent Director can request that an executive session be scheduled. The Committee will consider these factors at least annually, as well as any conflicts of interest, in connection with the advisers continued retention. The average Chevron hourly pay ranges from approximately $17 per hour for a Cashier to $184 per hour for a Director. 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. Box 6006 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. It monitors overall corporate performance, the integrity of the Corporation's financial controls and the effectiveness of its legal compliance and enterprise risk management programs. Of this total The Board Nominating and Governance Committee reviews and approves the election of any employee Director to outside, for-profit board positions. 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 Chevron employees attributed a compensation and benefits rating of 4.0/5 stars to their company. Chevron has always put people at the center of the energy conversation. $112,500 was received as fees earned or paid in cash, Also, on 7 th May 2018, Wirth sold 130,000 shares of Chevron 's stock and received $16.6 million. All Other Compensation: Compensation that is paid in the form of perquisites, such as expense reimbursement. ExxonMobil shareholders votes to install at least two new independent directors to the company's board. 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. 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. The consolidated input is reviewed at a meeting in executive session with all independent Directors after which the chairpersons present the results of the review to the CEO. pdf opens in new window, proxy statement We have exciting capital projects that use innovative technology designed to provide decades of energy. The higher paying positions at Chevron include team leader, geologist, petroleum engineer, and reservoir engineer. Because we understand that the well-being of people everywhere depends on energy. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Find Executive Assistant to Board Director jobs in Mid Glamorgan on Jobsite. The Board of Directors oversees and provides policy guidance on the business and affairs of the Corporation. Get the right Board of directors job with company ratings & salaries. 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. The community relies on everyone sharing. Chevron employees rate the overall compensation and benefits package 4/5 stars. 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). 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. 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. All rights reserved. Ambassador to Russia, China, and Singapore, Senior advisor to Amtrak and Retired Chairman and Chief Executive Officer, Norfolk Southern Corporation, Retired Chairman, Chief Executive Officer and President, Box 29000, Presidio Station San Francisco, CA 94129-9000 Fax: 415-923-2013. As the CEO and Chairman, Wirth is set to earn $19 million . Mr. Capellas left MCI as planned in early January 2006 upon its acquisition by Verizon Communications Inc. The Board Nominating and Governance Committee periodically reviews and recommends changes to Board compensation to maintain total compensation that is competitive and appropriate. The information shown here is a reporting of information included in the company's proxy statement. Energy that is affordable, reliable and ever-cleaner. The information shown here is a reporting of information included in the company's proxy statement. The Board Nominating and Governance Committee periodically assesses the guidelines and Directors' ownership relative to these guidelines, and makes recommendations as appropriate. 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 estimated total pay for a Director at Chevron is $386,010 per year. Attn: Secretary, Board Audit Committee 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.
chevron board of directors salary