SAN RAMON, Calif.--(BUSINESS WIRE)--Dec. 10, 2008--Chevron Corporation (NYSE:CVX) today announced that Patricia Yarrington
has been appointed vice president and chief financial officer effective
Jan. 1, 2009. Yarrington, currently vice president and treasurer,
replaces Steve Crowe, who has elected to retire after 36 years with the
company.
"As a senior officer of Chevron, Steve has made significant
contributions to the company and has been an outstanding CFO. He led the
acquisition of Unocal in 2005 and has directed a financial strategy that
remains the foundation of our ongoing success," said Dave O'Reilly,
chairman and chief executive officer.
Crowe, 61, joined Chevron in 1972 after attending the University of
California at Berkeley and earning a bachelor's degree in finance in
1969 and an MBA in 1970. He was elected a corporate officer and became
vice president and comptroller in June 1996. He assumed his current
position in 2005.
Yarrington, 52, was elected vice president and treasurer in 2007.
"Pat is uniquely qualified for this position, having already served in
senior leadership roles in finance, operations, strategic planning and
public affairs. Her financial background and strategic insights, along
with her leadership and judgment, will be important contributors to the
company's future success," O'Reilly said.
Yarrington joined Chevron in 1980 after earning a bachelor's degree in
political science from Pomona College and an MBA from Northwestern
University. She has held a variety of finance and managerial positions
within the company, including manager of investor relations and
comptroller of Chevron Products Company. In 1998, Yarrington was named
president of Chevron Canada Limited. She became a vice president of
Chevron Corporation in 2000, overseeing strategic planning and mergers
and acquisitions. In 2002, Yarrington was named vice president, Policy,
Government and Public Affairs.
Yarrington is also a member of the board of directors for Chevron
Phillips Chemical Company LLC, a 50-50 joint venture with
ConocoPhillips, and she serves on the Federal Reserve Bank of San
Francisco's Economic Advisory Council.
Pierre Breber, 44, will succeed Yarrington as vice president and
treasurer, also effective Jan. 1, 2009.
Breber joined Chevron in 1989. He holds bachelor's and master's degrees
in mechanical engineering from the University of California at Berkeley
and an MBA from Cornell University. He is currently serving as vice
president of finance for Chevron's Global Downstream, and he has
previously held positions as manager of investor relations, manager of
finance for Chevron's Europe upstream strategic business unit and
comptroller for Chevron international upstream.
Chevron Corporation is one of the world's leading integrated energy
companies, with subsidiaries that conduct business across the globe. The
company's success is driven by the ingenuity and commitment of
approximately 59,000 employees who operate across the energy spectrum.
Chevron explores for, produces and transports crude oil and natural gas;
refines, markets and distributes transportation fuels and other energy
products; manufactures and sells petrochemical products; generates power
and produces geothermal energy; provides energy efficiency solutions;
and develops energy resources of the future, including biofuels and
other renewables. Chevron is based in San Ramon, Calif. More information
about Chevron is available at www.chevron.com.
CONTACT:
Chevron Corporation
Don Campbell, +1 925-842-2589
Source: Chevron Corporation
