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Norway wealth fund to vote against ExxonMobil CEO Woods as chair of the board

Reuters
Updated

OSLO, May 26 (Reuters) - Norway's $1.4 trillion sovereign wealth fund, the world's single largest stock market investor, said on Friday it would vote against CEO Darren W. Woods continuing as chair of the board at oil major ExxonMobil .

The fund based its decision on the principle that the roles of chair of the board and CEO should not be held by the same individual, it said on its website. (Reporting by Victoria Klesty, editing by Gwladys Fouche)