Changes will strengthen company's focus on delivering growth opportunities
SAN RAMON, Calif., Aug. 14 /PRNewswire-FirstCall/ -- Chevron
Corporation (NYSE: CVX) today announced that John S. Watson will become
executive vice president, Strategy and Development, reporting to Dave
O'Reilly, chairman and chief executive officer. The new position will take
effect January 1, 2008.
Watson, 50, is currently president of Chevron International Exploration
and Production. In his new position, Watson will oversee business
development, mergers and acquisitions, strategic planning and the Project
Resources Company, which supports the development of major capital projects
within Chevron.
Chevron also announced that it will restructure its global upstream
operations into four operating companies to strengthen the company's focus
on long-term growth opportunities and enhance key business partnerships.
"These changes reflect our strong focus on growth, partner engagement
and a disciplined approach to running our company," O'Reilly said. "John's
exceptional track record in senior corporate and operating roles makes him
uniquely qualified for this critical role, which will be responsible for
strategic growth and new business development. He also will be responsible
for expanding the company's capacity for successful execution of major
capital projects."
Watson joined Chevron in 1980 as a financial analyst and has held
positions of increasing responsibility in his career. He was appointed
president of Chevron Canada Ltd. in January 1996 and in February 1998
became vice president, Strategic Planning, for Chevron Corporation. Watson
served as the integration executive for the merger of Chevron and Texaco,
and in October 2001 he was named vice president and chief financial officer
of the corporation. He assumed his current role in December 2004.
George Kirkland, executive vice president Upstream and Gas, announced a
new management team and organizational structure for Chevron's worldwide
exploration and production group. The organization will expand from two
companies (Chevron International Exploration and Production and Chevron
North America Exploration and Production) to four: Africa and Latin
America; Asia Pacific; Eurasia, Europe and Middle East; and North America.
The groups will be led by the following senior Chevron executives,
reporting to Kirkland, effective January 1, 2008:
-- James Blackwell will become president of Chevron Asia Pacific
Exploration and Production, based in San Ramon. Blackwell most
recently served as managing director, Southern Africa.
-- Guy Hollingsworth will become president of Chevron Eurasia, Europe and
Middle East Exploration and Production, based in London. Hollingsworth
is currently managing director, Eurasia.
-- Gary Luquette will be president of Chevron North America Exploration
and Production, a position he currently holds, based in Houston.
-- Ali Moshiri will become president of Chevron Africa and Latin America
Exploration and Production, based in Houston. Moshiri is currently
managing director, Latin America.
Additionally, Chris Prattini will become vice president, Upstream
Capability. This position will focus on enhancing efficiencies,
standardization and collaboration across the global upstream organization.
Prattini is currently managing director, IndoAsia.
"These changes reflect the significant growth of Chevron's global
upstream operations over the past 15 years and position our company to
manage continuing growth in the future," Kirkland said. "It will also help
expand leadership capacity across the upstream organization and create
growth opportunities for the company's next generation of leaders."
Chevron is one of the world's leading integrated energy companies. The
company has about 58,000 employees, and Chevron's subsidiaries conduct
business in approximately 180 countries. Chevron operates across the entire
energy spectrum-exploring for, producing and transporting crude oil and
natural gas; refining, marketing and distributing fuels and other energy
products; generating power; designing and marketing large-scale
energy-efficiency solutions; and commercializing the energy resources of
the future, including biofuels and other renewables. Chevron is based in
San Ramon, Calif. More information about Chevron is available at
http://www.chevron.com.
SOURCE Chevron Corporation
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Related links:
http://www.chevron.com
CONTACT:
Donald Campbell, San Ramon, +1-925-842-2589;
or Michael Barrett, London, +44-207-719-4463, both for Chevron
Corporation
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