John S. Watson to Retire From Chevron
“John has done an outstanding job in guiding the company through one of the industry’s most tumultuous periods. During John’s tenure, Chevron’s stock has outperformed its peer companies by a wide margin and he leaves the company well prepared for the future.” Sugar added, “Mike is ready to be Chevron’s next chairman and CEO. He has the right business experience and leadership qualities to extend the company’s success, and the board has full confidence in his ability to do so.” Watson, who turns 61 in October, joined Chevron in 1980 as a financial analyst and went on to hold financial, analytical and supervisory positions before being appointed president of Chevron Canada Limited in 1996. In 1998, he was named a corporate vice president with responsibility for strategic planning and mergers and acquisitions. In 2000, Watson led the company’s integration effort following the Chevron-Texaco merger and then became the corporation’s chief financial officer. In 2005, he became president of Chevron International Exploration and Production. In April 2009, he was named vice chairman of the company, before being elected chairman and CEO in September of that year.
“I have been blessed to have had the extraordinary opportunity to lead Chevron, and I will miss my daily interactions with our dedicated employees around the world,”said Watson. “I am proud of many Chevron accomplishments, but none more so than the improvements we made in process safety and leadership development.” In a related move, Watson said that Mark A. Nelson will become vice president of Midstream, Strategy & Policy, effective February 1, 2018. In his new role, Nelson will be responsible for the company’s supply and trading, shipping, pipeline and power operating units. He will also oversee corporate strategy, as well as policy, government and public affairs. Prior to his current position, Nelson, 54, served as the president of International Products, responsible for the refining and marketing businesses in Europe, Africa, Middle East, and Asia. Before that, he was president of Chevron Canada Limited, an upstream business headquartered in Calgary, Alberta. Source / More: Chevron Oil and Gas News Undiluted !!! “The squeaky wheel gets the oil” Follow us: @OilAndGasPress on Twitter | OilAndGasPress on Facebook]]>