Multinational service group Chevron announce current vice chairman of midstream and development, Michael K. Wirth, as their new chairman and chief executive officer.
Wirth, who replaces the outgoing John S. Watson, joined Chevron in 1982 as a design engineer and has worked his way up the corporate ladder until he was named VP of M&D early this year.
John S. Watson retires after 37 years with Chevron, eight as chairman and CEO.
Wirth will formally take charge on 1 February 2018.
Wirth, 56, said: “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 honoured 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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