Chevron Names New Finance Chief in Management Shuffle

By Ezequiel Minaya 

Chevron Corp. on Monday named Pierre Breber as chief financial officer amid a shift of senior executives.

Mr. Breber, who currently serves as executive vice president of downstream and chemicals, succeeds Patricia Yarrington, a 38-year veteran of the energy giant. Ms. Yarrington is retiring, the company said. Mr. Breber begins his new post April 1.

Mr. Breber joined Chevron in 1989. Before his current position, he served in various roles, including president and treasurer, vice president of gas and midstream and executive vice president of gas and midstream.

"Pierre is uniquely qualified to be our next CFO, having served in senior finance roles and also in operating roles across our downstream, midstream and upstream businesses," said Michael Wirth, Chevron's chief executive, in a prepared statement. "Pierre's deep financial background and broad knowledge of our operations will be valuable in ensuring we remain financially strong and create lasting shareholder value."

In other moves, the company said that Mark Nelson would replace Mr. Breber as executive vice president of downstream and chemicals. Colin Parfitt will take over Mr. Nelson's current position, vice president of midstream. Both appointments are effective March 1.

Write to Ezequiel Minaya at [e-mail]

(END) Dow Jones Newswires

February 04, 2019 18:01 ET (23:01 GMT)

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