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Watson named Chevron executive vice-president

By OGJ editors
HOUSTON, Aug. 14 -- Chevron Corp. has named John S. Watson executive vice-president, strategy and development, a new position effective Jan. 1, 2008.

In his new position, Watson will oversee business development, mergers and acquisitions, strategic planning, and Project Resources Co., which supports the development of major capital projects within Chevron.

Watson currently serves as president of Chevron International E&P, a role he has held since December 2004. He joined the company in 1980 as a financial analyst and has served in various roles, including president of Chevron Canada Ltd. and vice-president, strategic planning, for Chevron. Watson also served as the integration executive for the merger of Chevron and Texaco Inc., and in October 2001 was named vice-president and chief financial officer of the company.

Associated with this appointment, Chevron announced that it will restructure its global upstream operations into four operating companies. The new organizational structure for Chevron's worldwide E&P group expands from two companies—Chevron International E&P and Chevron North America E&P—to four: Africa and Latin America; Asia Pacific; Eurasia, Europe, and Middle East; and North America.

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