Chevron names Eimear Bonner as new finance chief.

(Reuters) -U.S. oil major ⁢Chevron Corp ⁤on Sunday ‍announced an exciting change in its leadership team. The⁤ company’s Chief ‌Financial Officer Pierre⁢ Breber will retire next year, making way for a new successor.⁤ Chevron‌ has named Eimear ⁤Bonner, the chief technology officer of Chevron ‌Technical Center, as the​ next CFO. This decision reflects Chevron’s ​commitment‌ to promoting internal talent and ensuring a ‌smooth transition.

In​ another significant development, Chevron has waived the ⁤mandatory retirement age requirement for its Chief​ Executive Officer⁤ Mike Wirth. This decision showcases the company’s confidence in‌ Wirth’s leadership abilities and his continued contributions⁢ to Chevron’s success.

Eimear Bonner, a dedicated professional with over 24 years of experience at ⁢Chevron, will report to the company’s CEO in her new‌ role. Her appointment as CFO will commence on March 1, 2024, as per the ​company’s official statement.

Chevron also shared a preview of ⁤its impressive​ quarterly results. In the second quarter,​ Chevron posted adjusted earnings of $5.8​ billion, equivalent to $3.08⁤ per share. These‍ results⁢ surpassed market‍ expectations, which predicted earnings of ⁢$2.97 per share, according to REFINITIV⁣ data.

Stay tuned for Chevron’s full quarterly results, which will ⁣be reported on Friday.

(Reporting by Mrinmay Dey and ​Shubhendu ​Deshmukh ‌in Bengaluru; Editing by Cynthia Osterman and⁣ Diane Craft)

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