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Chevron names Gustavson CFO as oil giant eyes CEO succession

Jeff Gustavson will replace Eimear Bonner as finance chief as Chevron rotates senior leaders to prepare potential internal successors to CEO Mike Wirth.

  • On Monday, Chevron Corp. named New Energies President Jeff Gustavson as chief financial officer, replacing Eimear Bonner, who will lead the company's oil, products and gas business.
  • Chevron typically cycles senior leaders through multiple executive roles to test skills and broaden experience before promotions, a strategy the oil major uses to prepare for future CEO succession.
  • Vice Chairman Mark Nelson will shift to oversee strategy and business development, while Offshore President Brent Gros will replace Gustavson as New Energies president, effective January 1.
  • These appointments position Gustavson and Bonner as potential internal successors to CEO Mike Wirth, who is 65 years old and has led Chevron for nearly a decade.
  • Wirth previously indicated in December he does not expect to serve more than 10 years, making these rotations critical to bolstering executive ranks and supporting long-term growth.
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Chevron has announced a major leadership shakeup, with Chief Financial Officer Eimear Bonner and New Energy Business Head Jeff Gustavson moving to new positions starting in January as the company prepares for a CEO succession.

·Budapest, Hungary
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Bluefield Daily TelegraphBluefield Daily Telegraph
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Oil & Gas 360Oil & Gas 360
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Chevron Announces Senior Leadership Changes

HOUSTON--(BUSINESS WIRE)--Oct 5, 2026-

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Forbes EspañaForbes España
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elperiodicodelaenergia.comelperiodicodelaenergia.com

The US oil company Chevron has reported on Monday important changes in its direction, among which is the appointment of Jeff Gustavson, current president of New Energies, as financial director, in place of Eimear Bonner, who will take up the position of president of Oil, Products and Gas. The restructuring will be effective from [...] La entrada Chevron restructures part of its dome and appoints financial director Jeff Gustavson aparece primero …

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Bluefield Daily Telegraph broke the news on Monday, October 5, 2026.
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