Chevron elevates CFO to lead oil and gas operations - BNN Bloomberg

HOUSTON — Chevron Chief Financial Officer Eimear Bonner will become president of its oil, products and gas business, the company said on Monday. Jeff Gustavson, currently president of Chevron’s new energies business, will succeed Bonner as CFO. Both moves are effective January 1. The executive reshuffle comes as the second-largest US oil major is preparing for CEO Mike Wirth to hand over the reins. In December, Wirth said he was in discussions with the board about succession planning and did not expect to serve more than 10 years in the role. Bonner and Gustavson are both seen as potential candidates for CEO, several investors have told Reuters. Wirth has led the company for more than eight years. Latest updates on company news here“Chevron maintains a robust succession planning process overseen by the board. We have strong leadership across the company and a deep bench of experienced executives prepared to lead the business,” a company spokesperson said. The oil major also said Mark Nelson, currently head of the oil, products and gas business, will leave the role on January 1 but remain vice chairman and oversee strategy and business development.