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NEW YORK - The Rockefeller family and shareholders pushing Exxon Mobil to focus more on renewable energy now have the backing of a powerful advisory group for institutional investors.
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The RiskMetrics Group also came out in support of another proxy supported by the Rockefellers, who want the position of chief executive and chairman, currently held by Rex Tillerson, to be split.
Peter O'Neill, a great-great grandson John D. Rockefeller, Sr., who founded the company that became Exxon, said Friday that RiskMetrics' support "added considerable momentum" to the shareholder resolution.
The Rockefellers are trying to break the company free of what it considers a stodgy management structure that has failed to plan properly for changes in future energy markets.
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