CalPERS mulls voting against Exxon CEO's re-election to board, FT reports
) CEO Darren Woods' re-election to the board amid shareholder discontent over a lawsuit it filed against two climate-focused investors, the Financial Times reported on Friday.
In January, Exxon filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company's shareholder meeting in May. California Public Employees' Retirement System chief operating investment officer Michael Cohen told FT the pension fund was "deeply concerned" about the case, adding it appeared to be an effort to silence critical shareholders.
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