EXCLUSIVE-New York state pension fund backs activist nominees in Exxon proxy fight


April 23 (Reuters) - New York state's pension fund on Friday threw its support behind an activist fund's slate of nominees to Exxon Mobil Corp's XOM.N board, heating up a proxy fight for the company's future.

The Exxon board "needs an overhaul," to better manage climate risks and guide the company to a low carbon future, said N.Y. State Comptroller Thomas DiNapoli. Engine No. 1's four director nominees "bring transformative industry experience," he said.

(Reporting by Gary McWilliams)

((Gary.McWilliams@thomsonreuters.com; +1 469-691-7668;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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