Chevron Corp. (NYSE: CVX) has elected Michael K. Wirth chairman of the board and CEO, 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.
Wirth joined Chevron in 1982 as a design engineer. He was named vice chairman of the board of directors in February 2017. He has held the position of executive vice president of midstream and development since 2016. Previously, he was executive vice president of downstream and chemicals for nearly a decade.
Watson, who turns 61 in October, joined Chevron in 1980 as a financial analyst and went on to hold financial, analytical, and supervisory positions before being appointed president of Chevron Canada Limited in 1996. In 1998, he was named a corporate vice president with responsibility for strategic planning and mergers and acquisitions.
In 2000, Watson led the company’s integration effort following the Chevron-Texaco merger and then became the corporation’s CFO. In 2005, he became president of Chevron International Exploration and Production. In April 2009, he was named vice chairman of the company, before being elected chairman and CEO in September of that year.
In a related move, Mark A. Nelson will become vice president of midstream, strategy and policy, effective February 1, 2018. 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.
Prior to his current position, Nelson, 54, served as the president of international products, responsible for the refining and marketing businesses in Europe, Africa, Middle East, and Asia. Before that, he was president of Chevron Canada Limited, an upstream business headquartered in Calgary, Alberta.