John Watson Named Chairman and CEO of Chevron Corporation
Posted: 30 September 2009
Chevron Corporation elected John S. Watson, 52, chairman of the board and chief executive officer of the company, effective Dec. 31, 2009.
Watson, who is currently vice chairman, succeeds David J. O’Reilly, who will retire from the company and its board after a distinguished 41-year career, including 10 years as chairman and CEO.
"Chevron is well positioned to enter the next chapter of its history and John’s the right person to lead the company in the future," said O’Reilly, 62.
"I am enormously proud of what we have achieved in recent years, and John has played a pivotal role in many of our most significant achievements. Not only has John established himself as a proven leader, but his unique mix of corporate and operational experience combined with his strategic vision makes him ideally suited to be our next chairman and CEO."
The Chevron board also elected George L. Kirkland, 59, to be vice chairman of the board, succeeding Watson in that capacity. As vice chairman and executive vice president of Upstream and Gas, Kirkland will retain responsibility for overseeing Chevron’s global exploration and production activities for crude oil and natural gas.
"I am truly honored to follow Dave as chairman and CEO of Chevron and to lead one of the strongest management teams in our industry," said Watson.
"Under Dave’s leadership, we have built a project portfolio that is the envy of our industry, grown our profitability and moved our company to the forefront of our industry in safety and reliability. Dave will leave a lasting legacy as one of our industry’s most impressive and pragmatic leaders."
Posted by Richard Price, Editor, EnergyME.com
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