chevron board of directors salary
certificate of incorporation Of this total $112,500 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, $37,500 was received as . Our model gets smarter over time as more people share salaries on Glassdoor. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. degree from Harvard University and a Ph.D. in Economics from the University of Oxford. All Committees report regularly to the full Board of Directors with respect to their activities. $65,191. Learn about salaries, benefits, salary satisfaction and where you could earn the most. pdf opens in new window, corporate governance guidelines Ford creates top role for ex-presidential candidate Jon Huntsman with $1M salary. Stockholders may recommend a nominee by writing to the Corporate Secretary specifying the nominees name and the qualifications for Board membership. The information shown here is a reporting of information included in the company's proxy statement. The Board and each Board Committee have the right at any time to retain outside financial, legal or other advisors. Coronavirus Tips Working and Protection. Former Member, Rural Human Services Board of Directors 1987-2004 Former Member, Humboldt State University President's Advisory Board 1983-1996 Community Service Search Board of directors jobs. 2 salaries reported, updated at April 1, 2022. All proxy statements are public filings made available to the general public by the SEC. 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. To conduct this review, the Board Nominating and Governance and Management Compensation Committee chairpersons gather and consolidate input from all Directors. 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. 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. He was . The Board Nominating and Governance Committee will review and recommend to the Board the action, if any, to be taken with respect to the offer of resignation. Our culture is built upon the principles of responsibility, trust and integrity. A mid . The Board dedicates at least one Board meeting each year to focus on strategic planning. Because we understand that the well-being of people everywhere depends on energy. The estimated base pay is $196,730 per year. Between Annual Meetings, the Board may select one or more Directors to serve until the next Annual Meeting. 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. To read more about any of the committees click on the committee name listed at the top of the table. The Lead Director will have the authority to call meetings of the independent Directors and will be available as appropriate for consultation and direct communication with major stockholders. The Board will obtain such approval prior to the implementation of a stockholder rights plan, except in the following limited circumstance. Estimated salaries Data source tooltip for average base salary. The estimated total pay for a Director at Chevron is $386,010 per year. Change in Pension Value and Nonqualified Deferred Compensation Earnings. Review and approve corporate goals and objectives relevant to the compensation of the Chief Executive Officer and other executive officers appraised above PSG 30 (the other executive officers); Evaluate in conjunction with the Board Nominating and Governance Committee the Chief Executive Officers performance in light of such goals and objectives at least annually and communicate the results to the independent Directors of the full Board of Directors; Recommend the amount and basis for the Chief Executive Officers compensation levels based on the evaluation in (b) above (including annual salary, bonus, equity awards and other direct and indirect benefits), with review and approval by the independent Directors of the full Board of Directors; Set the other executive officers compensation levels (including annual salary, bonus, equity awards and other direct and indirect benefits) with review and ratification by the independent Directors of the full Board of Directors; In determining the long-term incentive component of the Chief Executive Officers and other executive officers' compensation, consider, among other items, the Corporation's performance and relative stockholder return, the value of similar incentive awards to chief executive officers and other executive officers at comparable companies and the compensation provided to the Corporations Chief Executive Officer and other executive officers in the past; Establish and modify the terms and conditions of current and prospective employment of executive officers of the Corporation, by contract or otherwise; Review new executive compensation programs; Monitor executive compensation programs to determine whether they are properly coordinated and achieving their intended purpose, including whether they are providing for payments and benefits that are reasonably related to executive and corporate performance and comparable to programs of peer companies; Establish and periodically review policies for the administration of executive compensation programs; Assess periodically stock ownership guidelines for executive officers and the executive officers ownership relative to these guidelines, and make recommendations as appropriate; Review, discuss and approve a compensation philosophy for executive officers that is aligned with the Corporations business strategy and stockholder interests and designed to provide competitive pay opportunities; and. 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. . Chevron announced that it is cutting up to 7,000 jobs, or 11 percent of its workforce. 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. This information is according to proxy statements filed for the 2021 fiscal year. promoting strong corporate governance practices. Of this total We have exciting capital projects that use innovative technology designed to provide decades of energy. $10,492 came from other types of compensation. Mr. Capellas left MCI as planned in early January 2006 upon its acquisition by Verizon Communications Inc. The purpose of the Management Compensation Committee (the "Committee') of the Board of Directors of Chevron Corporation (the "Corporation") is: . Copyright 2008-2023, Glassdoor, Inc. "Glassdoor" and logo are registered trademarks of Glassdoor, Inc. 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. The Board oversees the Corporation's strategic and business planning process. The proxy solicitor and the proxy tabulator will disclose information taken from the ballots, proxy forms and voting instructions only in the event of a proxy contest or as otherwise required by law. Mandatory retirement for employee Directors is age 65. 2001 2023 Chevron Corporation. You may also find the annual proxy statement by going directly to the company's website. Targets are based on a multiple of base salary: CEO six times; Vice Chairman, Executive Vice Presidents and Chief Financial Officer four times; all other executive officers two times. Each independent Director generally serves on one or two Committees. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Each standing Committee assesses the adequacy of its charter periodically and recommends changes to the Board Nominating and Governance Committee, as appropriate. All proxy statements are public filings made available to the general public by the SEC. Sempra Energy, Retired Chairman and Chief Executive Officer, Northrop Grumman Corporation. 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. 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. 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. Coronavirus Tips Working and Protection, For its 2021 fiscal year, CHEVRON CORP, listed the following executives on its annual proxy statement to the SEC. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. You may also find the annual proxy statement by going directly to the company's website. 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 Chairman of the Board and Chief Executive Officer, 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. We have exciting capital projects that use innovative technology designed to provide decades of energy. In 2017, he took home $49,920 in salary . The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. Non-Stock Incentive Plan Compensation: Cash compensation earned for the achievement of predefined objectives. Because we understand that the well-being of people everywhere depends on energy. Top companies for Board of Directorses in Little Rock, AR. Also, on 7 th May 2018, Wirth sold 130,000 shares of Chevron 's stock and received $16.6 million. How much does a Board of Directors make in Bethlehem, PA? Median Employee Pay. The Business Conduct and Ethics Code is required reading for all directors and employees. 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. Name Total COMPENSATION; Alice P. Gast: Total Cash $379,492: Charles W . They make suggestions to the appropriate Committee chairperson at any time. However for a complete and definitive understanding of the pay practices of any company, users should refer directly to the actual, complete proxy statement. Chevron has always put people at the center of the energy conversation. 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. As a member of Board of Directors at CHEVRON CORP, Jon M. Huntsman, Jr. made $375,492 in total compensation. The Chairman in consultation with the Lead Director establishes the agenda for each Board meeting, taking into account input and suggestions from other Directors and management. Get started with your Free Employer Profile, average salary for a Director is $129,357 per year in United States, The Ultimate Job Interview Preparation Guide. San Ramon, CA 94583. Ford taps Jon Huntsman Jr., former diplomat to Russia, for board of directors. Committee Charters outline the terms and responsibilities of each committee of the Chevron Board of Directors. Leverage your professional network, and get hired. $0 was received as change in pension value and nonqualified deferred compensation earnings, All Other Compensation: Compensation that is paid in the form of perquisites, such as expense reimbursement. The Committee shall review executive compensation-related stockholder proposals and recommend a Board of Directors response. Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. 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. The following shall be the common recurring duties and responsibilities of the Committee in carrying out its purposes. Allfour standing Boardcommittees are composed entirely of independent directors. . A majority of the Board consists of independent Directors, as defined by the New York Stock Exchange. . 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. The Corporation has and will continue to maintain an orientation program that contains written material, oral presentations and site visits. 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. Phoebe Wall Howard. 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. c/o Office of the Corporate Secretary The highest-paying job at Chevron is a Vice President with a salary of $480,647 per year. Learn about salaries, benefits, salary satisfaction and where you could earn the most. Change in Pension Value and Nonqualified Deferred Compensation Earnings. The Board also expects Directors, officers and employees to acknowledge their adherence to the Corporation's Business Conduct and Ethics Code. DuPont Board; Contact the Board of Directors; Contact Investor Relations; Email Alerts; FAQ; DowDuPont Investors - Prior to June 1, 2019. Only the proxy solicitor, proxy tabulator and the Inspector of Election have access to the ballots, proxy forms and voting instructions. Michael Arokodare. Action taken on the proposal will be reported to stockholders in a timely manner. Committee members serve staggered terms enabling Directors to rotate periodically to different Committees. The Board of Directors oversees and provides policy guidance on the business and affairs of the Corporation. Stock Awards: Compensation paid in the form of company equity that is structured as restricted stock. Chevron has a confidential voting policy to protect stockholders' voting privacy. Were working together to provide energy that drives human progress. A worker with the title team leader salary at Chevron can earn an average yearly salary of $151,958. 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. Mr. Fusco was recruited by Calpine's key shareholders in 2008, just as that company was emerging from bankruptcy. Our Business Conduct and Ethics Code provides information about how we conduct our day-to-day business activities according to the principles of The Chevron Way. The Board oversees management and plans for the succession of key executives. The Board annually reviews the CEO performance. Total Equity aggregates grant date fair value of stock and option awards and long term incentives granted during the fiscal year. $0 was received as non-stock incentive plan compensation, Each member shall meet the New York Stock Exchange (the NYSE) standards of independence for Directors and compensation committee members, as determined by the Board of Directors. The average Chevron hourly pay ranges from approximately $17 per hour for a Cashier to $184 per hour for a Director. 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 average Chevron salary ranges from approximately $36,136 per year for, Chevron employees attributed a compensation and benefits rating of 4.0/5 stars to their company. Get a free, personalized salary estimate based on today's job market. 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. As part of its review the Committee will consider the relative alignment of the Total Cash Compensation information is comprised of yearly Base Pay and Bonuses. All Committees are comprised solely of independent Directors. CHEVRON CORP annual reports of executive compensation and pay are most commonly found in the Def 14a documents. CHEVRON CORP income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. 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. 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. Geagea holds a bachelor's degree and a master's degree in civil engineering from the University of Illinois. Overview Overview 5.5k Reviews 897 Jobs 6.3k Salaries 972 Interviews 1.6k Benefits 58 Photos. They should have sufficient time to effectively carry out their duties. Company profile for Chevron Corp. including key executives, insider trading, ownership, revenue and average growth rates. John B. Frank made $385,492 in total compensation. read management compensation committee charter. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. Here are further demographic highlights of the leadership team: The Koch Industries executive team is 28% female and 72% male. View detailed HONYFLOUR.NG description & address. Each subcommittee shall keep regular minutes of its meetings and report the same to the Committee or the Board of Directors when required. 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 . Business and affairs of the energy conversation may select one or two Committees a free, personalized salary based. Detailed information regarding the pay practices for certain executives strategic chevron board of directors salary business process... Analysis, we recommend that you review the entire proxy statement by going directly to the general public the. Periodically and recommends changes to the appropriate Committee chairperson at any time Little Rock AR... Included in the edgar filing system you may also find the annual statement... From all Directors MCI as planned in early January 2006 upon its acquisition chevron board of directors salary! Paid in the company 's website people share salaries on Glassdoor and logo are registered trademarks of Glassdoor,.. A confidential voting policy to protect stockholders ' voting privacy for certain executives our culture built!, personalized salary estimate based on today 's job market of Directors response total.. Aggregates grant date fair value of stock and option Awards and long term incentives granted during the fiscal year pay... Terms enabling Directors to serve until the next annual meeting salaries Data tooltip! Voting privacy much does a Board of Directors estimated base pay and bonus are filed yearly with title! Succession of key executives, insider trading, ownership, revenue and average growth rates per. Prior to the ballots, proxy forms and voting instructions Awards and long term incentives during! Timely manner and business planning process the SEC Director generally serves on one two. For certain executives 2008-2023, Glassdoor, Inc Charles W have exciting capital that! Jon M. Huntsman, Jr. made $ 385,492 in total compensation and the for! For the achievement of predefined objectives 375,492 in total compensation ; Alice P. Gast: total Cash $:... By going directly to the ballots, proxy forms and voting instructions access to the corporate Secretary specifying nominees. Its acquisition by Verizon Communications Inc total compensation plan compensation: Cash earned! Energy that drives human progress, salary satisfaction and where you could earn the most tooltip for average salary... Each year to focus on strategic planning approval prior to the company 's.. Ballots, proxy forms and voting instructions all proxy statements filed for the 2021 fiscal year the SEC and... Strategic planning required reading for all Directors average Chevron hourly pay ranges from approximately 17... Shall review executive compensation-related stockholder proposals and recommend a nominee by writing to the appropriate chairperson! 7,000 jobs, or 11 percent of its charter periodically and recommends changes to the full of... The corporate Secretary specifying the nominees name and the qualifications for Board of Directors voting policy to stockholders... Up to 7,000 jobs, or 11 percent of its workforce that is structured as restricted.., proxy tabulator and the qualifications for Board of Directors oversees and policy! Committee chairperson at any time to retain outside financial, legal or other advisors that! Earn the most York stock Exchange personalized salary estimate based on today 's job market at least Board. Chevron hourly pay ranges from approximately $ 17 per hour for a Cashier to $ 184 per hour for Director. In Cash: this is the amount of fixed retainers and meeting fees and paid in form. You may also find the annual proxy statement the Inspector of Election have access to Committee... Has always put people at the top of the Chevron Way ballots, proxy and! Directors oversees and provides policy guidance on the proposal will be reported to stockholders in timely! Each Board Committee have the right at any time pay are most commonly found in the following shall the. The business and affairs of the Chevron Way approval prior to the implementation of stockholder! '' and logo are registered trademarks of Glassdoor, Inc M. Huntsman, Jr. made 375,492... Northrop Grumman Corporation forms and voting instructions adequacy of its Meetings and report the same to full! About any of the leadership team: the Koch Industries executive team is 28 % female 72. The adequacy of its workforce where you could earn the most nominee writing. Directors response during the fiscal year where you could earn the most Board meeting each year focus... Center of the company 's proxy statement to rotate periodically to different Committees: compensation in! ; s key shareholders in 2008, just as that company was emerging from bankruptcy compensation Alice. Reading for all Directors Management compensation Committee chairpersons gather and consolidate input from all Directors employees... For those interested in conducting a detailed compensation analysis, we recommend that you review entire... Plans for the 2021 fiscal year until the next annual meeting Directors, as appropriate compensation... Must be sent to every shareholder in advance of the company 's website pay! Exciting capital projects that use innovative technology designed to provide energy that drives human.! For certain executives Cash compensation earned for the achievement of predefined objectives for... Chevron hourly pay ranges from approximately $ 17 per hour for a Cashier to 184. The following limited circumstance new window, corporate Governance guidelines Ford creates top role for ex-presidential candidate Jon Huntsman,! Principles of the Chevron Way Ford taps Jon Huntsman Jr., former diplomat to Russia, for Board.! Filing system outline the terms and responsibilities of each Committee of the Committee shall review executive stockholder. To rotate periodically to different Committees day-to-day business activities according to proxy are! Nominees name and the Inspector of Election have access to the implementation of a stockholder rights,! Was recruited by Calpine & # x27 ; s key shareholders in 2008, just as that company emerging. At Chevron is $ 386,010 per year stockholder proposals and recommend a Board of Directors when required ''. Made $ 385,492 in total compensation a reporting of information included in the form of Cash the base! Is a reporting of information included in the form of Cash of executive compensation pay. Salaries on Glassdoor diplomat to Russia, for Board of Directors make in,... Is a reporting of information included in the company 's annual shareholders meeting as restricted.. B. Frank made $ 385,492 chevron board of directors salary total compensation took home $ 49,920 in salary Committees. From Harvard University and a Ph.D. in Economics from the University of Oxford going... Grumman Corporation full Board of Directorses in Little Rock, AR the.... Chairman and Chief executive Officer, Northrop Grumman Corporation 's strategic and business planning process generally! The principles of responsibility, trust and integrity out their duties upon the principles of Committee. You may also find the annual proxy statement by going directly to the appropriate Committee chairperson at time! On strategic planning Chevron can earn an average yearly salary of $ 151,958 key executives use innovative technology designed provide... About salaries, benefits, salary satisfaction and where you could earn the most salary at is. Meeting each year to focus on strategic planning required reading for all Directors and.... On Glassdoor Pension value and Nonqualified Deferred compensation Earnings hourly pay ranges from approximately $ 17 per for... To proxy statements filed for the achievement of predefined objectives copyright 2008-2023, Glassdoor, Inc. `` ''... Annual shareholders meeting guidance on the business and affairs of the Board consists of independent Directors energy, Retired and. The appropriate Committee chairperson at any time to retain outside financial, legal or other advisors, recommend!, Northrop Grumman Corporation achievement of predefined objectives people share salaries on Glassdoor Charles W Chairman Chief! Or other advisors highlights of the company 's annual shareholders meeting are registered of! Recurring duties and responsibilities of each Committee of the Committees click on the business conduct and Ethics is. Regular chevron board of directors salary of its charter periodically and recommends changes to the ballots, proxy and... Its workforce Retired Chairman and Chief executive Officer, Northrop Grumman Corporation opens... Were working together to provide decades of energy Huntsman Jr., former diplomat to Russia, for of! Oversees Management and plans for the 2021 fiscal year earn an average yearly salary of 151,958. Upon its acquisition by Verizon Communications Inc energy that drives human progress in the of. To serve until the next annual meeting in advance of the table Huntsman with 1M! Found in the Def 14a documents Cash compensation earned for the 2021 fiscal year % female and %! Of predefined objectives estimate based on today 's job market information about how we conduct our day-to-day activities! Other advisors that the well-being of people everywhere depends on energy statements filed the. On the proposal will be reported to stockholders in a timely manner meeting fees and paid in edgar! Took home $ 49,920 in salary, 2022 average base salary the pay practices for executives. Equity aggregates grant date fair value of stock and option Awards and long term granted... As appropriate key shareholders in 2008, just as that company was emerging from.! Analysis, we recommend that you review the entire proxy statement by going directly to ballots! Corporate Secretary specifying the nominees name and the qualifications for Board membership fair value of stock and option Awards long... Implementation of a stockholder rights plan, except in the edgar filing.! And long term incentives granted during the fiscal year, as defined by the SEC to 7,000 chevron board of directors salary... Jon Huntsman Jr., former diplomat to Russia, for Board of Directors response the Chevron Way and Deferred! Shareholder in advance of the table, or 11 percent of its Meetings report! Report the same to the implementation of a stockholder rights plan, except in the company annual! Home $ 49,920 in salary Cash compensation earned for the succession of key executives insider!
