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Chevron Announces Headquarters Relocation and Senior Leadership Changes

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Chevron (NYSE:CVX) announced significant changes, including the relocation of its headquarters from San Ramon, California, to Houston, Texas, and several senior leadership transitions. CEO Mike Wirth and Vice Chairman Mark Nelson will move to Houston by the end of 2024, with corporate functions migrating over the next five years. The company currently has about 7,000 employees in Houston and 2,000 in San Ramon.

Key leadership changes include: Nigel Hearne, EVP of Oil, Products & Gas, retiring after 35 years; Mark Nelson taking over this role; Rhonda Morris, VP and Chief HR Officer, retiring after 31 years; Michelle Green succeeding Morris; Colin Parfitt, VP Midstream, retiring after 29 years; and Andy Walz appointed as President of Downstream, Midstream & Chemicals. These changes aim to enhance collaboration and operational efficiency.

Chevron (NYSE:CVX) ha annunciato cambiamenti significativi, inclusa la traslazione della sua sede centrale da San Ramon, California, a Houston, Texas, e diverse transizioni nella leadership senior. Il CEO Mike Wirth e il Vice Presidente Mark Nelson si trasferiranno a Houston entro la fine del 2024, con le funzioni aziendali che migreranno nei prossimi cinque anni. Attualmente, l'azienda ha circa 7.000 dipendenti a Houston e 2.000 a San Ramon.

I principali cambiamenti nella leadership includono: Nigel Hearne, EVP di Oil, Products & Gas, in pensione dopo 35 anni; Mark Nelson che assumerà questo ruolo; Rhonda Morris, VP e Chief HR Officer, in pensione dopo 31 anni; Michelle Green che succederà a Morris; Colin Parfitt, VP Midstream, in pensione dopo 29 anni; e Andy Walz nominato Presidente di Downstream, Midstream & Chemicals. Questi cambiamenti mirano a migliorare la collaborazione e l'efficienza operativa.

Chevron (NYSE:CVX) anunció cambios significativos, incluida la reubicación de su sede central de San Ramon, California, a Houston, Texas, y varias transiciones en el liderazgo superior. El CEO Mike Wirth y el Vicepresidente Mark Nelson se mudarán a Houston a finales de 2024, con funciones corporativas que migrarán durante los próximos cinco años. La empresa actualmente cuenta con alrededor de 7,000 empleados en Houston y 2,000 en San Ramon.

Los cambios clave en el liderazgo incluyen: Nigel Hearne, EVP de Oil, Products & Gas, retirándose después de 35 años; Mark Nelson asumiendo este papel; Rhonda Morris, VP y Directora de RRHH, retirándose después de 31 años; Michelle Green sucediendo a Morris; Colin Parfitt, VP de Midstream, retirándose después de 29 años; y Andy Walz nombrado Presidente de Downstream, Midstream & Chemicals. Estos cambios buscan mejorar la colaboración y la eficiencia operativa.

Chevron (NYSE:CVX)은 샌라몬, 캘리포니아에서 휴스턴, 텍사스로 본사 이전을 포함한 중대한 변화를 발표했으며, 여러 고위 경영진 전환도 포함됩니다. CEO 마이크 웨스와 부회장 마크 넬슨은 2024년 말까지 휴스턴으로 이전할 예정이며, 향후 5년 동안 기업 기능이 이전됩니다. 현재 회사는 휴스턴에 약 7,000명의 직원과 샌라몬에 2,000명의 직원을 두고 있습니다.

주요 리더십 변경 사항에는 35년 근무한 Nigel Hearne, Oil, Products & Gas EVP 은퇴; 이 역할을 맡게 되는 Mark Nelson; 31년 근무한 Rhonda Morris, VP 및 Chief HR Officer 은퇴; Morris를 이어받는 Michelle Green; 29년 근무한 Colin Parfitt, VP Midstream 은퇴; 그리고 Downstream, Midstream & Chemicals의 사장으로 임명된 Andy Walz가 포함됩니다. 이러한 변화는 협업 및 운영 효율성을 강화하기 위함입니다.

Chevron (NYSE:CVX) a annoncé des changements significatifs, notamment le déménagement de son siège de San Ramon, en Californie, à Houston, au Texas, ainsi que plusieurs transitions au sein de la direction. Le PDG Mike Wirth et le vice-président Mark Nelson déménageront à Houston d'ici la fin de 2024, avec les fonctions de l'entreprise qui se déplaceront au cours des cinq prochaines années. L'entreprise compte actuellement environ 7 000 employés à Houston et 2 000 à San Ramon.

Les principaux changements de leadership comprennent : Nigel Hearne, EVP de Oil, Products & Gas, prenant sa retraite après 35 ans ; Mark Nelson reprenant ce rôle ; Rhonda Morris, VP et responsable RH, prenant sa retraite après 31 ans ; Michelle Green succédant à Morris ; Colin Parfitt, VP Midstream, prenant sa retraite après 29 ans ; et Andy Walz nommé président de Downstream, Midstream & Chemicals. Ces changements visent à améliorer la collaboration et l'efficacité opérationnelle.

Chevron (NYSE:CVX) gab bedeutende Änderungen bekannt, darunter die Verlegung seines Hauptsitzes von San Ramon, Kalifornien, nach Houston, Texas, sowie mehrere Wechsel in der oberen Führungsebene. CEO Mike Wirth und Vizepräsident Mark Nelson werden bis Ende 2024 nach Houston ziehen, während die Unternehmensfunktionen in den nächsten fünf Jahren verlagert werden. Das Unternehmen hat derzeit etwa 7.000 Mitarbeiter in Houston und 2.000 in San Ramon.

Zu den wesentlichen Führungswechseln gehören: Nigel Hearne, EVP von Oil, Products & Gas, der nach 35 Jahren in den Ruhestand geht; Mark Nelson, der diese Rolle übernimmt; Rhonda Morris, VP und Chief HR Officer, die nach 31 Jahren in den Ruhestand geht; Michelle Green, die Morris nachfolgt; Colin Parfitt, VP Midstream, der nach 29 Jahren in den Ruhestand geht; und Andy Walz, der zum Präsidenten von Downstream, Midstream & Chemicals ernannt wurde. Diese Änderungen zielen darauf ab, die Zusammenarbeit und die betriebliche Effizienz zu verbessern.

Positive
  • Headquarters relocation to Houston may improve collaboration and engagement with executives, employees, and business partners
  • Consolidation of Upstream, Midstream, and Downstream businesses for a more integrated approach
  • Appointment of experienced internal leaders to key positions, ensuring continuity
Negative
  • Potential disruption and costs associated with headquarters relocation
  • Loss of experienced senior executives due to retirements
  • Possible impact on California operations and employees

SAN RAMON, Calif.--(BUSINESS WIRE)-- Chevron Corporation (NYSE:CVX) today announced the relocation of the company’s headquarters from San Ramon, California, to Houston, Texas, and senior leadership changes.

Headquarters Relocation

The company’s headquarters will move from San Ramon, California, to Houston, Texas. Chevron Chairman and CEO, Mike Wirth, and Vice Chairman, Mark Nelson, will move to Houston before the end of 2024 to co-locate with other senior leaders and enable better collaboration and engagement with executives, employees, and business partners.

There will be minimal immediate relocation impacts to other employees currently based in San Ramon. The company expects all corporate functions to migrate to Houston over the next five years. Positions in support of the company’s California operations will remain in San Ramon.

Chevron currently has roughly 7,000 employees in the Houston area and approximately 2,000 employees in San Ramon. The company operates crude oil fields, technical facilities, and two refineries and supplies more than 1,800 retail stations in California.

Leadership Announcements

The company also announced the following leadership changes:

Nigel Hearne, executive vice president, Oil, Products & Gas, will retire from Chevron after 35 years of service to the company. Since 2022, Hearne has led the consolidation of Chevron’s Upstream, Midstream and Downstream businesses, ensuring a more integrated approach to value chains, asset class excellence and operational excellence.

“Nigel’s contributions across the business and around the world have made Chevron a stronger company,” said Mike Wirth, Chevron’s chairman and chief executive officer. “He’s been an inspiring leader and mentor to many, and his accomplishments position our company for even more success in the future.”

Mark Nelson, Chevron’s vice chairman, will take responsibility for Oil, Products & Gas, effective October 1, 2024.

Rhonda Morris, vice president and chief human resources officer, will retire after 31 years of service to the company. Since 2016, Morris has been responsible for shaping and driving Chevron’s people and culture strategy, including leadership succession, learning and talent, diversity and inclusion, workforce planning and total rewards.

“Rhonda has been a tireless advocate for our people, helping ensure our employees work in an inclusive environment where they can learn, develop and have rewarding careers,” said Wirth.

Michelle Green, vice president, Human Resources, Oil, Products & Gas, will succeed Morris as vice president and chief human resources officer, effective January 1, 2025.

Colin Parfitt, vice president, Midstream, will retire after 29 years of service to the company. Since 2019, Parfitt has been responsible for the company’s shipping, pipeline, power and energy management and supply and trading operating units.

“Colin has made an important impact on Chevron’s commercial capabilities,” said Wirth. “Under his leadership, our Midstream organization has created value by connecting and better integrating value chains around the world.”

The company appointed Andy Walz, currently president, America’s Products, to president, Downstream, Midstream & Chemicals, effective October 1, 2024. In this role, Walz will be responsible for directing the company’s worldwide manufacturing, marketing, lubricants, chemicals and additives businesses along with Chevron’s shipping, pipeline, power, and trading units.

Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to enabling human progress. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. We aim to grow our oil and gas business, lower the carbon intensity of our operations and grow lower carbon businesses in renewable fuels, carbon capture and offsets, hydrogen and other emerging technologies. More information about Chevron is available at www.chevron.com.

Randy Stuart -- +1 713-283-8609

Source: Chevron Corporation

FAQ

When will Chevron (CVX) move its headquarters to Houston?

Chevron's CEO and Vice Chairman will move to Houston by the end of 2024, with corporate functions migrating over the next five years.

How many employees does Chevron (CVX) have in Houston and San Ramon?

Chevron currently has approximately 7,000 employees in the Houston area and about 2,000 employees in San Ramon.

Who will succeed Nigel Hearne as head of Oil, Products & Gas at Chevron (CVX)?

Mark Nelson, Chevron's vice chairman, will take responsibility for Oil, Products & Gas, effective October 1, 2024.

Who will be Chevron's (CVX) new Chief Human Resources Officer?

Michelle Green, currently VP of Human Resources for Oil, Products & Gas, will succeed Rhonda Morris as VP and Chief Human Resources Officer, effective January 1, 2025.

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