Chevron waives mandatory retirement age for CEO Mike Wirth

Mike Wirth will remain Chevron’s chief executive officer as the US energy giant waived a mandatory retirement age of 65.

Chevron said in a statement on Sunday that its independent directors waived the company’s mandatory retirement age for its chairman and CEO, Wirth, who will turn 63 later this year.

Wirth has been chairman of the board and CEO of Chevron since 2018. He joined Chevron as a design engineer in 1982.

“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,” Wanda Austin, lead independent director for Chevron, said.

“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,” Austin said.

CFO to retire

Besides this move, Chevron also announced several senior leadership changes.

Pierre Breber, vice president and chief financial officer, will retire from Chevron in 2024 after 35 years of service to the company.

Eimear Bonner, currently vice president and chief technology officer and president of the Chevron Technical Center, will succeed Breber as chief financial officer, effective March 1, 2024.

Bonner joined Chevron in 1998. Over her 24-year career with Chevron, she has held numerous leadership and operating positions.

Moreover, Balaji Krishnamurthy, currently vice president of strategy and sustainability, will become vice president of the Chevron Technical Center.

Molly Laegeler, currently vice president of Chevron’s San Joaquin Valley Business Unit, will become vice president of strategy and sustainability.

And Frank Mount, currently vice president of m&a and origination, will become vice president of business development.

- Advertisements -

Most Popular

CoolCo reveals more details on GAIL LNG carrier charter deal

LNG carrier operator CoolCo has revealed more details regarding its recent 14-year charter deal with India’s largest gas utility...

Kinder Morgan secures more time for Gulf LNG export project

US energy company Kinder Morgan and its partners have secured more time from the US FERC to add liquefaction...

Golden Pass LNG contractor Zachry files for bankruptcy

US construction company Zachry said on Tuesday it has filed for bankruptcy, initiating a structured exit from the Golden...

More News Like This

Gorgon LNG train to be offline for at least five weeks

A liquefaction train at Chevron's Gorgon LNG plant in Western Australia will likely remain offline for at least five...

Chevron working to resume full Gorgon LNG production after ‘mechanical fault’

Chevron Australia, a unit of US energy giant Chevron, is working to resume full production from its Gorgon LNG...

Chevron’s LNG carriers to get reliquefaction units

South Korea's HD Hyundai Marine Solution has secured a contract from US energy giant Chevron to install reliquefaction units...

Chevron says third Gorgon LNG train returns to full production

The third liquefaction train at Chevron's giant Gorgon LNG plant in Western Australia has returned to full production, Chevron...