Chevron Announces Leadership Shifts for 2027

Chevron Corporation (NYSE: CVX) has announced significant senior leadership changes set to take effect on January 1, 2027. Mark Nelson, currently vice chairman and executive vice president of Oil, Products & Gas, will retain his vice chairman role but shift his focus to Strategy and Business Development. His new responsibilities will include identifying and advancing opportunities to strengthen Chevron’s portfolio and support long-term growth.

Eimear Bonner, the current Chief Financial Officer, will transition to the role of president of Oil, Products & Gas. In this position, she will oversee safe and reliable operations across the entire value chain, asset class excellence, and value chain optimization to drive stronger performance.

Jeff Gustavson, presently the president of New Energies, will take over as Chief Financial Officer. He will be responsible for audit, controller, investor relations, tax, treasury, and business planning activities worldwide. Brent Gros, currently the president of Offshore, will become president of New Energies, leading Chevron’s lower carbon businesses, including hydrogen, power, carbon capture, offsets, and biofuels, along with overseeing the company’s AI strategy.

Mike Wirth, Chairman and Chief Executive Officer, praised the incoming leaders, stating that their operational expertise and strategic perspectives will help position Chevron for success in an evolving energy landscape. Chevron remains one of the world’s leading integrated energy companies, committed to producing affordable, reliable, and ever-cleaner energy.