Chevron Turns Within & Appoints New Chairman & CEO Michael K Wirth
San Ramon, California based Chevron Corporation is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company’s operations.
This week Chevron Corporation (NYSE: CVX) announced that its Board of Directors elected within their ranks Michael K. Wirth chairman of the board and chief executive officer, effective February 1, 2018. Wirth, who is currently vice chairman of the board and executive vice president of Midstream and Development, succeeds John S. Watson, who will retire from the company and its board on February 1, 2018, after 37 years of distinguished service, including eight years as chairman and CEO.
Currently, Wirth is vice chairman of the board for Chevron, a position he has held since February 2017. He is also executive vice president of Midstream and Development for Chevron Corporation, a position he assumed in 2016. He is responsible for supply and trading, shipping, pipeline and power operating units. He also oversees corporate strategy, business development, and policy, government and public affairs.
Previously Wirth was executive vice president of Downstream & Chemicals. Prior to that he served as president of Global Supply and Trading from 2003 to 2006, leading Chevron’s worldwide supply and trading operations as well as its aviation and marine businesses.
In 2001, Wirth was named president of Marketing for Chevron’s Asia/Middle East/Africa business, based in Singapore. He also served on the board of directors for Caltex Australia Limited and GS Caltex Corporation in South Korea.
Wirth joined Chevron in 1982 as a design engineer. He earned a bachelor’s degree in chemical engineering from the University of Colorado in 1982.
Wirth stated, “I appreciate the confidence that John and the board have placed in me. Chevron has a proud 138-year history of developing the energy that improves lives and powers the world forward. I am honored to have been selected to carry on that tradition. Under John’s leadership, we’ve developed legacy assets in Kazakhstan, Australia and the Permian Basin that will underpin our portfolio for decades to come. John will also be remembered for his plain-spoken and principled views on company business and energy policy matters.”
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