Chevron waives retirement age for CEO Wirth, names new CFO

July 24, 2023
Chevron Corp. has waived its mandatory retirement age of 65 for chief executive officer Mike Wirth, who will turn 63 later this year.

Chevron Corp. has waived its mandatory retirement age of 65 for chief executive officer Mike Wirth, who will turn 63 later this year.

The company’s lead independent director, Dr. Wanda M. Austin, said the company’s board “regularly reviews its long-term succession plans, and concluded it has the right leader and strategy in place to continue the company’s successful trajectory.”

Wirth was elected chairman and chief executive officer of Chevron effective Feb. 1, 2018 (Sept. 28, 2017). 

The company has also made certain senior leadership changes.

Pierre Breber, vice-president and chief financial officer, will retire from Chevron in 2024 after 35 years of service (OGJ Online, Feb. 5, 2019). Eimear Bonner, currently vice-president and chief technology officer and president of the Chevron Technical Center, will succeed Breber as chief financial officer, effective Marc. 1, 2024. Bonner joined Chevron in 1998.

Balaji Krishnamurthy, currently vice-president of strategy and sustainability, will become vice-president of the Chevron Technical Center. Molly Laegeler, currently vice-president of Chevron’s San Joaquin Valley business unit, will become vice-president of strategy and sustainability. Frank Mount, currently vice-president of mergers and acquisitions and origination, will become vice-president of business development.