Chevron Announces Major Executive Transition and Mediterranean Project

Chevron Corporation is set for a significant leadership renewal, with several veteran executives preparing to retire and their successors already named. This planned transition is expected to shape the strategic direction of the energy giant in the coming years.

The company has outlined a series of leadership changes scheduled through 2026. Bruce Niemeyer, President of Chevron’s Shale & Tight business, will retire in October 2026 after a 26-year tenure. Jeanine Wai is appointed to lead Investor Relations, effective April 1, 2026.

In another move, Frank Mount, President of Business Development, will depart in November 2026 following 33 years with the company. Jake Spiering, currently heading Investor Relations, is slated to assume this role on August 1, 2026.

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Patricia Leigh, President of Supply & Trading, is scheduled to retire in July 2026 after 35 years. Molly Laegeler, the current Chief Strategy Officer, will succeed her, with the transition set for March 1, 2026. Concurrently, Kevin Lyon, who has been overseeing the integration of Hess Corporation, will take on the role of Chief Strategy Officer.

Operational Momentum with Major Contract

Alongside its executive reshuffle, Chevron is securing operational continuity through a substantial new project. The company recently awarded a contract valued between $150 million and $300 million to Subsea7 for installation work in the Eastern Mediterranean. This project encompasses the transport and installation of pipelines and control lines, with offshore operations scheduled to commence in the first quarter of 2028.

Hess Integration Remains a Strategic Priority

The timing of these personnel decisions coincides with Chevron’s ongoing efforts to integrate its acquisition of Hess. The promotion of the executive previously leading the Hess integration to the position of Chief Strategy Officer underscores the critical importance of this task for the company’s future trajectory. This management overhaul positions Chevron with a renewed leadership team to navigate both its strategic mergers and its core operational projects.