Jeff Gustavson becomes CFO in January 2027 as Bonner moves to Oil, Products & Gas

Chevron's board elected Jeff Gustavson chief financial officer, effective January 1, 2027, when he becomes principal financial officer. Eimear Bonner, the current CFO, will become president of Oil, Products & Gas, and Mark Nelson gives up his executive role there to remain vice chairman with strategy and business development added. The board approved the changes on September 30, and they were disclosed in an October 5 filing.

• Gustavson, 54, joined Chevron in 1999 and has been president of New Energies since August 2021
• Gustavson base salary of $1.0 million, with a 110% target bonus
• Bonner moves from CFO to President, Oil, Products & Gas
• Nelson stays vice chairman and takes on strategy and business development