Chevron’s headquarters will be relocated from San Ramon, California, to Houston, Texas. This strategic move is part of an effort to improve collaboration and engagement with its executives, employees and business partners. Along with this change, the company also unveiled important modifications to its leadership team.
Relocation of Chevron’s headquarters
Chevron President and CEO Mike Wirth and Vice Chairman Mark Nelson will relocate to Houston before the end of 2024. This move will allow the company’s senior management to work more closely together, leveraging proximity to improve operational efficiencies and foster a more cohesive corporate culture.
Although the headquarters will move to Houston, Chevron has confirmed that the immediate impact on San Ramon employees will be minimal. All corporate functions are expected to gradually move to Houston over the next five years, although positions supporting California operations will continue in San Ramon.
The company currently employs approximately 7,000 people in the Houston area and 2,000 in San Ramon.
Changes in senior management
In addition to the relocation of its headquarters, Chevron also announced a number of changes to its management team. Nigel Hearne, executive vice president of Oil, Products and Gas, will retire after 35 years of service with the company. Under his leadership, Chevron has consolidated its Upstream, Midstream and Downstream businesses, achieving more effective integration of value chains.
Mark Nelson will assume responsibility for Oil, Products and Gas effective October 1, 2024, while Michelle Green, currently vice president, Human Resources for Oil, Products and Gas, will succeed Rhonda Morris as vice president and chief human resources officer on January 1, 2025.as also mentioned by MArketScreener. Morris, who has been a tireless advocate for Chevron’s culture and people, will retire after 31 years with the company.
Finally, Colin Parfitt, Vice President, Midstream, will also retire after 29 years of service. Andy Walz, currently president of Americas Products, will assume the presidency of Downstream, Midstream and Chemicals effective Oct. 1, 2024, leading the global businesses for Chevron manufacturing, marketing, and transportation operations.
Chevron expands its commitment to clean energy
These moves reflect the company’s commitment to continual improvement and adaptation in an energy ever-changing ever-changing energy sector. The company remains focused on its mission to provide affordable, reliable and increasingly clean energy, while expanding its operations and pursuing new opportunities in renewable energy and emerging technologies.
Chevron will continue to lead the energy industry with a focus on operational efficiency and sustainability as it prepares for a dynamic and challenging future.
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Source: Chevron
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