As a member of Board of Directors at CHEVRON CORP, The Board Nominating and Governance Committee periodically reviews and recommends changes to Board compensation to maintain total compensation that is competitive and appropriate. Board of Directors at its meeting on March 13, 2019, the compensation of Mr. Patrick Pouyann . The chart on this page features a breakdown of the total annual pay for Ronald D. Sugar at CHEVRON CORP as reported in their proxy statements. Wirth, who also serves as chairman of Chevron's board of directors, was named CEO in February 2018 after a more than 30-year career at the San Ramon, California-headquartered oil major. 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Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. 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. 475:1. Energy that is affordable, reliable and ever-cleaner. Committee Charters outline the terms and responsibilities of each committee of the Chevron Board of Directors. The estimated additional pay is $14,277 per year. Also, proxies must disclose specific detailed information regarding the pay practices for certain executives. Guided by our vision and values, The Chevron Way, our Board of Directors and Corporate Officers are committed to demonstrating the highest standard of ethics. Salary, bonuses, stock options, stock awards and other compensation information for top executives at CHEVRON CORP. . The Committee will consider these factors at least annually, as well as any conflicts of interest, in connection with the advisers continued retention. This Charter and any provision contained herein may be amended or repealed by the Board of Directors. Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. Leverage your professional network, and get hired. Fatgbems Group Managing Director Gets Southern Youth Assembly Leadership Award. 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. The Committee shall review executive compensation-related stockholder proposals and recommend a Board of Directors response. The Secretary need not be a member of the Committee or a Director and shall have no membership or voting rights by virtue of the position. All proxy statements are public filings made available to the general public by the SEC. View detailed CVX description & address. The consolidated input is reviewed at a meeting in executive session with all independent Directors after which the chairpersons present the results of the review to the CEO. $225,000 was awarded as stock and The Corporation also provides ongoing Director education through presentations at Board and Committee meetings and Board briefings. 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. Chevron announced that it is cutting up to 7,000 jobs, or 11 percent of its workforce. The Committee recommends changes to improve the Board, the Board Committees and individual Director effectiveness. For those interested in conducting a detailed compensation analysis, we recommend that you review the entire proxy statement. All rights reserved. Chairman of the Board and Chief Executive Officer, Energy that is affordable, reliable and ever-cleaner. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Nigeria. The estimated base pay is $196,619 per year. Thorough reviews have been conducted to assure this data accurately reflects disclosures. Mr. Fusco was recruited by Calpine's key shareholders in 2008, just as that company was emerging from bankruptcy. performance," while Chevron's web site states that board oversight is among the "foundational elements" of the company's "climate -related governance." 8. The estimated salary for a Board of Directors is $65,191 per year in Bethlehem, PA. Your input helps Glassdoor refine our pay estimates over time. Former Member, Rural Human Services Board of Directors 1987-2004 Former Member, Humboldt State University President's Advisory Board 1983-1996 Community Service Chevron Chairman and Chief Executive Officer Mike Wirth will serve as the chairman of the API's board of directors. Of this total $150,000 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, $0 was received as options, $225,000 was awarded as stock and $492 . Learn about salaries, benefits, salary satisfaction and where you could earn the most. Independent Directors meet in executive session at each regularly scheduled Board meeting. pdf opens in new window, by-laws . 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. Wirth, who was elected chairman, effective January 1, 2022, succeeds Phillips 66 Chairman and CEO Greg Garland, who will remain a member of API's Executive Committee. . Notable past and present roles: Berkshire director (2020 - present); General Catalyst chairman and managing director (2018 - present); American Express CEO (2001 - 2018); Facebook director (2018-2020) 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. Numbers reported do not include change in pension value and non-qualified deferred compensation earnings. An early career Member of the Board of Directors with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of $42,500 based on 9 salaries. Coronavirus Tips Working and Protection. Estimated salaries Data source tooltip for average base salary. For its 2021 fiscal year, CHEVRON CORP, listed the following board members on its annual proxy statement to the SEC. The Committee shall annually review compensation policies and practices of the Corporation, including non-executive programs, to determine whether any such policies or practices encourage excessive risk taking, or are reasonably likely to have a material adverse effect on the Corporation. Because this is the first step in care, it affects the entire continuum of care. This information is according to proxy statements filed for the 2021 fiscal year. The sessions are chaired by the Lead Director if the CEO serves as Chairman; otherwise, the sessions are chaired by the Chairman. It also assists the Board of Directors in response to stockholder concerns regarding environmental, social, human rights, political, and public policy matters. Read what they think about their salaries on our Compensation FAQ page for Chevron. Any independent Director can request that an executive session be scheduled. In 2017, he took home $49,920 in salary . As a member of Board of Directors at CHEVRON CORP , Donald B. Between Annual Meetings, the Board may select one or more Directors to serve until the next Annual Meeting. Directors serve for a one-year term and until their successors are elected. Interested parties wishing to communicate their concerns or questions about Chevron to the Lead Director or to any other Independent Director may do so bymail to: Lead Director or Independent Directors The Business Conduct and Ethics Code is required reading for all directors and employees. Of this total We have exciting capital projects that use innovative technology designed to provide decades of energy. Nigeria. Is this useful? When the Board selects the CEO to serve as Chairman, the independent Directors will annually select a Lead Director from among the independent Directors serving on the Corporations Board. Fees Earned or Paid in Cash: This is the amount of fixed retainers and meeting fees and paid in the form of cash. She will serve on the Audit Committee of the Board. To conduct this review, the Board Nominating and Governance and Management Compensation Committee chairpersons gather and consolidate input from all Directors. 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. Documents included in this section provide ways for investors to understand the foundation of our corporate governance. . . Employee Directors may not serve as Directors once their employment with the Corporation ends. The Board Nominating and Governance Committee reviews the Boards leadership structure annually and in planning for a leadership transition, and recommends changes to the Board of Directors as appropriate. The Board has four standing Committees: Audit, Board Nominating and Governance, Management Compensation, and Public Policy and Sustainability. The independent Directors select the Chairman of the Board annually. Jon Huntsman Jr., who ran against Mitt Romney in 2012 for the GOP presidential nomination, has rejoined the board of . 2 salaries reported, updated at April 1, 2022. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. In the course of its duties, the Committee shall have the authority, in its sole discretion and at the Corporations expense, to retain (or obtain the advice of), oversee, compensate (including the approval of fees) and terminate any compensation consultant, independent legal counsel or other adviser to the Committee, as the Committee deems advisable. The following shall be the common recurring duties and responsibilities of the Committee in carrying out its purposes. Glassdoor provides our best prediction for total pay in today's job market, along with other types of pay like cash bonuses, stock bonuses, profit sharing, sales commissions, and tips. Here are further demographic highlights of the leadership team: The Koch Industries executive team is 28% female and 72% male. Chevron employees rate the overall compensation and benefits package 4/5 stars. Caterpillar Inc. Former President and Chief Executive Officer, Renewable Energy Group, Vice President, Health, Safety and Environment, Vice President and Chief Financial Officer, Corporate Secretary and Chief Governance Officer, Executive Vice President, Oil, Products & Gas, Vice President, Strategy & Sustainability, Vice President and Chief Human Resources Officer, Vice Chairman and Executive Vice President, Attn: Secretary, Board Audit Committee Stock Awards: Compensation paid in the form of company equity that is structured as restricted stock. Maybe. Find jobs. 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 Board expects all Directors and executive officers to display confidence in the Corporation by ownership of a significant amount of stock. He was . Lancaster Choice Energy: JASON CAUDLE, City Manager. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). The average salary for Compensation Director at companies like CHEVRON CORP in the United States is $259,642 as of June 28, 2022, but the salary range typically falls between $227,394 and $291,424. Overall compensation and benefits package 4/5 stars on the Audit Committee of the Board has four standing Committees:,! In pension value and non-qualified deferred compensation earnings to assure this data reflects! And 72 % male 2019, the sessions are chaired by the Lead if... 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