Chevron Corp. has made changes to its leadership team, including appointing Jeff Gustavson as chief financial officer (CFO).

Gustavson, who currently serves as president, new energies, will be responsible for audit, controller, investor relations, tax, treasury, and business planning activities. He succeeds Eimear Bonner, who will transition from CFO to president, oil, products, and gas.

Mark Nelson, currently vice-chairman and executive vice-president of oil, products, and gas, will remain vice-chairman with responsibility for strategy and business development.

Brent Gros, currently president of offshore, will become president of new energies, leading Chevron’s lower carbon businesses, including hydrogen, power, carbon capture, offsets, and biofuels.