Chevron’s Watson to Retire, Wirth Elected Chairman/CEO

摘要

As anticipated, Chevron Corp. Chairman and CEO John S. Watson con- frmed Thursday he would retire, efective Feb. 1 and be succeeded by Vice Chairman Michael K. Wirth, who now oversees mid- stream and development activity. Watson, who turns 61 in October, has worked for Chevron for 37 years, eight as chairman and CEO. Rumors surfaced in August that he was ready to step aside. He said he was ready to hand over the reins.