Offshore staff
SAN RAMON, Calif. – Chevron Corp. has announced several senior leadership changes as well as a waiver of the mandatory retirement age for Chairman and CEO Mike Wirth.
Pierre Breber, vice president and CFO, will retire from Chevron in 2024 after 35 years of service to the company.
Eimear Bonner, currently vice president and CTO and president of the Chevron Technical Center, will succeed Breber as CFO, effective March 1, 2024. Bonner joined Chevron in 1998. Over her 24-year career with Chevron, she has held numerous leadership and operating positions. Bonner will report to Wirth in her new role.
Furthermore, Balaji Krishnamurthy, currently vice president of Strategy & Sustainability, will become vice president of the Chevron Technical Center. In his new role, Krishnamurthy will guide development of technologies and application of standards across the company.
In addition, Molly Laegeler, currently vice president of Chevron’s San Joaquin Valley Business Unit, will become vice president of Strategy & Sustainability. She will guide the development of the company’s key strategies, capital allocation and sustainability.
Frank Mount, currently vice president of M&A and Origination, will become vice president of Business Development, overseeing the company’s business development activities.
Waiver of mandatory retirement age for CEO
Chevron’s independent directors waived the company’s mandatory retirement age of 65 for chairman and CEO Mike Wirth, who will turn 63 later this year.
Dr. Wanda M. Austin, lead independent director for Chevron, said, “Chevron’s Board regularly reviews its long-term succession plans, and concluded it has the right leader and strategy in place to continue the company’s successful trajectory. Mike has done an extraordinary job leading Chevron in a dynamic environment and delivering outstanding financial and operational results. We look forward to his continued leadership.”
07.24.2023
