Chevron reshuffles leadership team 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 focus to Strategy and Business Development. His new responsibilities will include identifying 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, Oil, Products & Gas. In this new position, she will oversee safe and reliable operations across the entire value chain, ensuring disciplined capital allocation and optimizing asset performance to drive stronger results.

Jeff Gustavson, who currently leads New Energies, will take over as Chief Financial Officer. His responsibilities will encompass global financial activities such as audit, controller, investor relations, tax, treasury, and business planning.

Brent Gros, the current president of Offshore, will become president of New Energies. He will lead Chevron’s lower carbon businesses, including hydrogen, power, carbon capture, offsets, and biofuels, while also overseeing the company’s AI strategy focused on value creation and operational excellence.