Chevron reshuffles leadership to drive future growth

Chevron Corporation (NYSE: CVX) has announced significant leadership changes effective 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. He will identify opportunities to strengthen Chevron’s portfolio and support long-term growth.

Eimear Bonner, the current Chief Financial Officer, will take over as president of Oil, Products & Gas. Her responsibilities will include overseeing safe operations, capital allocation, and value chain optimization to drive performance improvements.

Jeff Gustavson, currently president of New Energies, will become the new Chief Financial Officer. He will manage audit, investor relations, tax, treasury, and business planning activities globally. Brent Gros, president of Offshore, will succeed Gustavson as president of New Energies, leading lower-carbon businesses and Chevron’s AI strategy.

Mike Wirth, Chairman and Chief Executive Officer, expressed confidence in the new leadership team, highlighting their expertise and commitment to excellence in an evolving energy landscape.