Chevron Announces Senior Leadership Appointments
February 04 2019 - 5:00PM
Business Wire
Pierre Breber named Vice President and Chief
Financial OfficerMark Nelson named Executive Vice President,
Downstream & ChemicalsColin Parfitt named Vice
President, Midstream
Chevron Corporation (NYSE:CVX) today named Pierre Breber vice
president and chief financial officer, effective April 1, 2019.
Breber replaces Patricia Yarrington who has elected to retire after
38 years of extraordinary service with the company.
In related moves, Mark Nelson, currently vice president
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.
“Over the course of her career, Pat has distinguished herself as
one of our most outstanding and inspiring leaders,” said Michael
Wirth, Chevron’s chairman and chief executive officer. “Pat’s
leadership, insight and judgment were instrumental in directing our
financial strategy over the last decade, and essential in guiding
our company through unpredictable commodity market conditions in
recent years.”
Breber, 54, joined Chevron in 1989. He became vice president and
treasurer in 2009, vice president of Gas & Midstream in 2014,
executive vice president of Gas & Midstream in 2015 and
executive vice president of Downstream and Chemicals, his current
position, in 2016.
“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. 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,” Wirth said.
Nelson, 55, brings more than three decades of marketing,
operations and strategic planning experience to his new role. Prior
to his current position, which he assumed in 2018, Nelson served as
vice president of Corporate Strategic Planning; president of
International Products, with responsibility for Chevron’s refining
and marketing businesses in Europe, Africa, Middle East and Asia;
and president of Chevron’s Canadian upstream business in Calgary,
Alberta.
“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,” Wirth said.
Parfitt, 54, began his career with Chevron in 1995 with Chevron
International Oil Company, based in London. Since that time, he has
held a variety of leadership, sales and marketing positions in
Chevron’s Supply & Trading, Oronite Additives, Lubricants and
Americas Products businesses.
“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,” Wirth added.
Breber, Nelson and Parfitt will report to Wirth in their new
roles.
Chevron Corporation is one of the world's leading integrated
energy companies. Through its subsidiaries that conduct business
worldwide, the company is involved in virtually every facet of the
energy industry. Chevron explores for, produces and transports
crude oil and natural gas; refines, markets and distributes
transportation fuels and lubricants; manufactures and sells
petrochemicals and additives; generates power; and develops and
deploys technologies that enhance business value in every aspect of
the company's operations. Chevron is based in San Ramon, Calif.
More information about Chevron is available at www.chevron.com.
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