Chevron Taps Jeff Gustavson as Next CFO in Leadership Shift

Chevron has announced Jeff Gustavson as its next chief financial officer, effective January 1, 2027. Gustavson currently leads Chevron’s New Energies business and will take over the finance role from Eimear Bonner.

Bonner is set to become president of Chevron’s Oil, Products & Gas unit, overseeing the company’s upstream, downstream, and marketing operations. This shift highlights Chevron’s strategic realignment as it navigates the energy transition.

The oil major also confirmed that Mark Nelson, currently vice chairman and executive vice president of Oil, Products & Gas, will retain his vice chairman title while taking on additional responsibilities for strategy and business development.