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Tuesday, 3 October 2017

Chevron names current executive VP as new chairman, CEO




Chevron Corporation (CVX) has appointed Michael Wirth (56) as its new chairman of the board and chief executive officer (CEO), effective 1 February 2018. Wirth is currently vice chairman of the board and executive vice president of midstream and development, a position he has held since 2016
He succeeds John Watson, who will retire from the company and its board on 1 February 2018, after 37 years of distinguished service, including eight years as chairman and CEO. 
Wirth joined Chevron in 1982 as a design engineer. He was named vice chairman of the board of directors in February 2017. Previously, he was executive vice president of downstream & chemicals for nearly a decade. 
In a related move, Watson said that Mark Nelson (54) will become vice president of midstream, strategy & policy, 1 effective February 2018. In his new role, Nelson will be responsible for the company’s supply and trading, shipping, pipeline and power operating units. He will also oversee corporate strategy, as well as policy, government and public affairs.  

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