Mike Wirth, Chevron’s CEO, plans to extend his tenure past 65. His age is 62, turning in October 2023. Meanwhile, Chevron’s CFO, Pierre Breber, will leave in 2024.
With over 30 years at Chevron, Wirth held various leadership roles, becoming CEO in 2018. Breber served for 20 years, holding diverse leadership positions, and became CFO in 2016.
This decision reflects confidence in Chevron’s future as a major oil and gas company, well-prepared for economic challenges.
Here are more details about Wirth and Breber:
Mike Wirth, 61, holds a Bachelor of Arts in Economics from Dartmouth College. He later earned a Master of Business Administration from Harvard Business School. In his tenure at Chevron, he served as Vice Chairman of the Board, Executive Vice President of Midstream & Development, and President of Chevron USA. Forbes named him one of the “World’s Most Powerful People” in 2022.
Pierre Breber, 54, completed a Bachelor of Arts in Economics at Princeton University and earned a Master of Business Administration from Harvard Business School. Within Chevron, he held positions as Executive Vice President of Finance and Investor Relations, as well as President of Chevron International. Fortune magazine recognized him as one of the “Top 100 Most Influential People in Energy” in 2022.
The decision for Wirth to extend his tenure and Breber to leave signifies Chevron’s confidence in navigating future challenges. As one of the largest oil and gas companies globally, Chevron is well-prepared to overcome economic hurdles.
By retaining experienced leaders like Wirth, Chevron aims to maintain stability and continuity, ensuring a smooth transition in leadership.
On the other hand, Breber’s departure represents an opportunity for fresh perspectives and new ideas in the company’s leadership.
