TMC Appoints Former ExxonMobil Upstream President to Board of Directors

TMC the metals company Inc. has appointed Liam Mallon, former President of ExxonMobil Upstream Company, to its Board of Directors, effective September 24, 2026. The appointment aims to leverage Mallon's extensive offshore operating experience as TMC prepares for commercial-scale deep seabed mineral operations. Mr. Mallon will fill the vacancy created by the resignation of Brendan May.

Key Details

• New Director: Liam Mallon, former President of ExxonMobil Upstream, was appointed to the Board and will serve as Chair of the Sustainability and Innovation Committee.
• Effective Date: The appointment and the resignation of former director Brendan May were both effective September 24, 2026.
• Compensation: Mr. Mallon received an initial grant of 25,445 restricted stock units (RSUs) and a special one-time grant of 77,720 RSUs, which vest in three equal annual installments.
• Board Transition: Brendan May's resignation was not the result of any disagreement with the company's operations, policies, or practices.