Chevron announced that Michael K. Wirth will be the new chairman and chief executive officer, effective February 1, 2018. Wirth succeeds John S. Watson, who will retire from the company and its board on February 1, 2018, after 37 years of service, including eight years as chairman and CEO, the company said.
“Mike is a proven leader who is ideally suited to lead Chevron into the next chapter of our history,” said Watson. “He has the right values, knowledge and experience, and has established a strong record of accomplishment in his 35 years with the company.”
Wirth, 56, said, “I appreciate the confidence that John and the board have placed in me. Chevron has a proud 138-year history of developing the energy that improves lives and powers the world forward. I am honored to have been selected to carry on that tradition.”
Wirth joined Chevron in 1982 as a design engineer. Since that time, he advanced through a number of engineering, construction and operations positions. Wirth was named vice chairman of the board of directors in February 2017. He is also executive vice president of Midstream and Development, a position he has held since 2016.