Chevron Overhauls Leadership Team for 2027

Chevron Corporation (NYSE: CVX) has announced several key 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 opportunities to strengthen Chevron’s portfolio and drive long-term growth.

Eimear Bonner, the current Chief Financial Officer, will transition to the role of president of Oil, Products & Gas. In this new position, she will oversee safe and reliable operations across the entire value chain, along with disciplined capital allocation and asset optimization.

Jeff Gustavson, who currently leads Chevron’s New Energies division, will take over as Chief Financial Officer. His responsibilities will include managing audit, investor relations, tax, treasury, and business planning activities globally.

Brent Gros, presently president of Offshore, will become president of New Energies. He will lead Chevron’s lower carbon businesses, including hydrogen, carbon capture, and biofuels, while also overseeing the company’s AI strategy.

Mike Wirth, Chairman and Chief Executive Officer of Chevron, expressed confidence in the new leadership team, highlighting their operational expertise and strategic vision to position the company for success in an evolving energy landscape.