Chevron Corporation announced today that two of its top executives, Michael Wirth and Pierre Breber, will assume new leadership roles effective January 1, 2016.
Wirth, who currently serves as executive vice president for downstream and chemicals, will become executive vice president for midstream and development, while Breber, presently executive vice president of gas and midstream, will assume Wirth’s presnt role as executive vice president for downstream and chemicals. Both will continue to report to John S. Watson, Chevron's chairman and chief executive officer.
“Mike and Pierre are experienced leaders, and these moves will allow both to apply their broad experience and management skills to new areas that will generate greater enterprise value,” Watson said.
In his new role, Wirth will have responsibility for corporate strategy, business development, supply and trading, gas commercialization and the company's midstream operating units engaged in transportation and power.
“Mike has systematically improved our downstream performance through portfolio optimization and efficiency,” Watson said. “He will now focus on Chevron's companywide asset portfolio and strategy while leading the company's midstream activities.”
As the head of downstream and chemicals, Breber, will lead Chevron's worldwide manufacturing, marketing, chemicals, lubricants and Oronite additives businesses. He also will have oversight of the company's chemical joint venture, Chevron Phillips Chemical Company.
“Pierre has broad experience in our upstream, midstream and finance organizations,” Watson said. “In his new role he will drive additional performance improvements to build on the success of our downstream and chemicals business.”