Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

UNITED AIRLINES HOLDINGS, INC.

(UAL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Exxon Mobil adds first woman top-tier executive with external CFO hire

07/19/2021 | 03:31pm EDT
FILE PHOTO: Logo of  Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro

(Reuters) -Exxon Mobil Corp's new chief financial officer Kathyrn Mikells is the first woman and external hire to join the oil major's management committee, as energy firms search to diversify their workforce in response to investor pressure.

Exxon has faced pressure from investors to shake up its leadership in the executive suite and its board of directors after years of poor returns and as other global oil majors invest more heavily in the energy transition.

Mikells is the first woman and first external hire to enter Exxon's uppermost echelon. Up until now, its cadre of senior vice presidents has remained dominantly male and internally sourced, with all four members of the current management committee having spent two decades or more with the company, according to its website.

"We welcome Kathy to Exxon Mobil and look forward to the perspective and experience she brings as we work together to deliver on our strategies and increase shareholder value," Chief Executive Darren Woods said in Monday's release.

Mikells is Exxon's first major hire since outside investors led a board shakeup earlier this year. In that move, activist investor Engine No. 1 claimed several board seats, including one for former Andeavor CEO Greg Goff, known for restructuring companies. Exxon declined to comment further on its diversity strategy for its executive committee.

"This is clearly a first move for what will be a change in management and tone," said analyst Paul Sankey in New York. "The history of the company has been a rigid hierarchical matter. This is the kind of unprecedented move we expected from the board change that has occurred."

In the past decade, more women have risen to top ranks of the energy industry: Lynn Good serves as CEO of utility Duke Energy Corp, Vicki Hollub became CEO of Occidental Petroleum in 2016 and Chevron's former CFO Pat Yarrington was one of the first women in the top tier of a publicly-traded major oil company, serving as CFO from 2009 until her retirement in 2019.

Mikells, who joins effective Aug. 9, will replace Andrew Swiger, the company's principal financial officer, who joined Exxon in 1978 and is now at retirement age, the company said in a statement.

Mikells previously worked at spirit distributer Diageo Plc and United Airlines, where she was responsible for the airline's fuel hedging strategy, and also served as assistant restructuring officer.

While Exxon has female leaders, the top tier management committee, comprised of the CEO and three to four senior vice presidents has remained all-male according to a Reuters' review of SEC filings dating to 2001. The company's preference for promoting from the inside was chronicled in Steve Coll's 2013 book, describing the company's 20,000-square foot (1,900-square meters) executive wing as the "God Pod."

Across energy companies, women's employment lags other sectors, accounting for only 19% of the energy sector's workforce, according to a study from Accenture released last month. By comparison, the overall U.S. workforce is 47% female, the study found.

(Reporting by Jessica Resnick-Ault, additional reporting by Sabrina Valle and Devika Krishna KumarEditing by Marguerita Choy)

By Jessica Resnick-Ault, Sabrina Valle and Devika Krishna Kumar


© Reuters 2021
All news about UNITED AIRLINES HOLDINGS, INC.
11:28aAMERICAN AIRLINES : U.S. to award Newark flights to low-cost carrier to spur com..
RE
09:31aUnited says about 90% staff vaccinated ahead of company deadline
RE
09/14UNITED AIRLINES : Morgan Stanley Adjusts Price Target for United Airlines to $64..
MT
09/13INSIDER SELL : United Airlines Holdings
MT
09/09White House targets 20% lower aviation emissions by 2030
RE
09/09HONEYWELL INTERNATIONAL : White House targets 20% lower aviation emissions by 20..
RE
09/09United, American Airlines Among Carriers Hit by Third-Quarter Travel Slowdown..
MT
09/09WALL STREET STOCK EXCHANGE : A step closer to tapering
09/09U.S. airlines flag hit to bookings from surge in Delta variant
RE
09/09UNITED AIRLINES : Honeywell Make Joint Investment in Biofuels Company Alder Fuel..
MT
More news
Analyst Recommendations on UNITED AIRLINES HOLDINGS, INC.
More recommendations
Financials (USD)
Sales 2021 25 221 M - -
Net income 2021 -1 619 M - -
Net Debt 2021 21 371 M - -
P/E ratio 2021 -8,09x
Yield 2021 -
Capitalization 14 194 M 14 194 M -
EV / Sales 2021 1,41x
EV / Sales 2022 0,85x
Nbr of Employees 84 400
Free-Float 99,8%
Chart UNITED AIRLINES HOLDINGS, INC.
Duration : Period :
United Airlines Holdings, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends UNITED AIRLINES HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 43,86 $
Average target price 59,42 $
Spread / Average Target 35,5%
EPS Revisions
Managers and Directors
J. Scott Kirby Chief Executive Officer & Director
Brett J. Hart President
Gerald Laderman Chief Financial Officer & Executive Vice President
Linda P. Jojo Chief Digital Officer & Executive VP-Technology
Jonathan Roitman Chief Operations Officer & Executive VP
Sector and Competitors
1st jan.Capi. (M$)
UNITED AIRLINES HOLDINGS, INC.1.41%14 194
DELTA AIR LINES, INC.-1.42%25 278
RYANAIR HOLDINGS PLC-5.26%20 540
AIR CHINA LIMITED-19.02%14 299
CHINA SOUTHERN AIRLINES COMPANY LIMITED-8.87%13 845
ANA HOLDINGS INC.13.77%11 230