Chevron Shuffles Senior Leadership
Chevron Corporation announced a number of senior leadership appointments on Monday.
The company has named Pierre Breber as its new vice president and chief financial officer, effective April 1. Breber will replace Patricia Yarrington who has elected to retire after 38 years of service with the company.
Mark Nelson, currently vice president of Midstream, Strategy & Planning, will succeed Breber as executive vice president of Downstream and Chemicals. Colin Parfitt, currently president of Supply & Trading, will become vice president of Midstream. Both appointments are effective March 1, 2019.
Breber, Nelson and Parfitt will all report to Michael Wirth, Chevron’s chairman and chief executive officer, in their new roles.
“Pierre is uniquely qualified to be our next CFO, having served in senior finance roles and also in operating roles across our downstream, midstream and upstream businesses,” Wirth said in a company statement.
“Pierre’s deep financial background and broad knowledge of our operations will be valuable in ensuring we remain financially strong and create lasting shareholder value,” he added.
Commenting on Nelson’s appointment, Wirth said, “Mark’s breadth of experience, results-driven leadership and deep knowledge of our downstream and chemicals business makes him the right person to take the helm of this significant segment of Chevron”.
Describing Parfitt, Wirth said, “Colin is an experienced leader who will ensure that our Midstream business continues to create value in supporting our upstream and downstream assets, and enabling Chevron to continue to deliver the energy that improves lives and powers the world forward”.
In December last year, Chevron named Navin Mahajan as its new vice president and treasurer. During the same month the company appointed Dale Walsh as its new vice president of Corporate Affairs and revealed that Debra Reed-Klages had been elected to Chevron’s board of directors.
Chevron describes itself as one of the world’s leading integrated energy companies. Earlier this month, the company reported full year 2018 earnings of $14.8 billion. This figure stood at $9.2 billion in 2017.
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