May 13 (Reuters) - The Illinois state treasurer has
urged Exxon Mobil ( XOM ) shareholders to vote against the
election of Executive Chair and CEO Darren Woods, as the oil
major pursues a lawsuit against two shareholders, a filing
showed on Monday.
The treasurer has also recommended voting against Lead
Independent Director Joseph Hooley during the company's annual
shareholders meeting scheduled to take place on May 29.
Exxon, which is frequently the focus of critical shareholder
resolutions, struck back earlier this year when it filed a
lawsuit seeking to block a vote on a climate proposal submitted
by two small activist investors.
While the investors responded by dropping the proposal,
Exxon has refused to drop the legal action against them.
"The actions taken by the company signify poor judgment and
oversight by board leadership," the filing cited the treasurer
as saying in a letter dated May 9.
Exxon did not immediately respond to a Reuters request for
comment.
Last Friday, Glass Lewis had recommended investors vote
against Hooley, citing concerns about Exxon's "unusual and
aggressive tactics" in pursuing a lawsuit against activist
investors.