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Marillyn Hewson Joins Chevron’s Board of Directors

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Chevron Corporation (NYSE: CVX) has elected Marillyn A. Hewson to its board of directors, effective January 1, 2021. Hewson previously served as the chairman, president, and CEO of Lockheed Martin, bringing over 35 years of experience in global business and international commerce. She will also join the Audit Committee of the Board. Chevron's CEO, Michael Wirth, emphasized that Hewson's extensive expertise will enhance the company’s operations and add valuable perspectives. Chevron continues to be a leader in the integrated energy sector, engaging in various activities ranging from oil exploration to technology development.

Positive
  • Appointment of Marillyn A. Hewson to the board brings extensive global business experience.
  • Hewson's leadership at Lockheed Martin may provide valuable insights into international commerce.
  • Her past executive roles could strengthen Chevron's strategic direction.
Negative
  • None.

SAN RAMON, Calif.--()--Chevron Corporation (NYSE: CVX) announced that Marillyn A. Hewson has been elected to Chevron’s board of directors, effective on January 1, 2021. She will serve on the Audit Committee of the Board.

Hewson, 66, is executive chairman of Lockheed Martin Corporation. She served as Lockheed Martin’s chairman, president and chief executive officer from January 2014 to June 2020 and held the positions of president and chief executive officer from January 2013 to December 2013.

“It’s truly an honor to welcome Marillyn to Chevron’s board,” said Chevron Chairman and CEO Michael Wirth. “Marillyn is one of the world’s most accomplished business leaders. She brings valuable global business experience as well as decades of perspective on international commerce and geopolitics to our board, and will make our company better.”

Hewson joined Lockheed Martin more than 35 years ago as an industrial engineer. During her career she has held leadership positions across the corporation. She currently serves on the board of directors of Johnson & Johnson, the Congressional Medal of Honor Foundation, the Board of Governors of the USO, and as chair of the Catalyst Board of Directors. Hewson has served on several U.S. government advisory bodies, including her current appointment to the American Workforce Policy Advisory Board. She earned her Bachelor of Science degree in business administration and her Master of Arts degree in economics from The University of Alabama and has completed executive development programs at Columbia Business School and Harvard Business School.

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.

Contacts

Braden Reddall -- +1 925-842-2209

FAQ

What is the significance of Marillyn Hewson joining Chevron's board of directors?

Marillyn Hewson's election to Chevron's board is significant due to her extensive leadership experience at Lockheed Martin, which may enhance Chevron's strategic initiatives and improve governance.

When did Marillyn Hewson's appointment to Chevron's board take effect?

Marillyn Hewson's appointment to Chevron's board took effect on January 1, 2021.

What roles did Marillyn Hewson hold at Lockheed Martin?

Marillyn Hewson served as chairman, president, and CEO of Lockheed Martin from January 2014 to June 2020.

What committee will Marillyn Hewson serve on at Chevron?

Marillyn Hewson will serve on Chevron's Audit Committee.

What experience does Marillyn Hewson bring to Chevron?

Marillyn Hewson brings over 35 years of experience in global business, including significant roles at Lockheed Martin and service on various boards and advisory bodies.

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